Page 284 - SALIK PR REPORT AUGUST 2024

8/14/24, 10:11 AM Salik Announces H1 2024 Net Profit Of AED 544.8 Million - OneArabia
Salik's First Half Of 2024 Sees Net Profit Hit AED 544.8

Million Amid Expansion

By OneArabia
Published: Tuesday, August 13, 2024, 18:09 [GST] The Board of Directors of Salik Company PJSC (Salik),

Dubai’s exclusive tollgate operator, chaired by Mattar Al Tayer, announced the Company’s financial results for Q2 2024 and

H1 2024. The company achieved a net profit after tax of AED544.8 million in H1 2024.

Salik reported a robust financial performance in the first half of 2024, with 238.5 million revenue-generating trips, marking a

4.9 percent year-on-year increase. This resulted in total revenue of AED1.1 billion. Revenue from toll usage, which makes

up 87.1 percent of total revenue, rose by 4.9 percent year-on-year to AED953.8 million.

During H1 2024, Salik's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) reached AED738.4 million,

reflecting a 6.5 percent increase compared to the previous year. Profit before tax stood at AED598.6 million, up by 9.2
percent year-on-year.

In light of these strong financial results, the Board approved an interim dividend distribution of AED544.8 million, equivalent

to 7.263 Fils per share, payable on 5 September 2024.

Mattar Al Tayer expressed satisfaction with the company's performance: "We are very pleased with our performance during

the first half of the year, with strong revenue growth of 5.6 percent year-on-year, further supporting our ambition to become
a global leader in mobility solutions."

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