DUBAI, 13th November, 2026 (WAM) -- Salik Company PJSC, the exclusive operator of toll gates in Dubai, today announced its financial results for the three-month and nine-month periods ended 30th September 2026.

The company reported total revenue of AED2,117.3 million for the first nine months of 2026, with EBITDA of AED1,449.6 million, representing an EBITDA margin of 68%. Net profit for the period amounted to AED1,045.1 million, with a net profit margin of 49.4%.

Mattar Al Tayer, Chairman of the Board of Directors of Salik, said the results reflect the strength of the company's business model, its operational efficiency and its ability to capitalise on Dubai's rapid economic and urban growth, as well as the resilience of its financial position and the effectiveness of its strategy in delivering sustainable growth and enhancing shareholder returns.

He noted that revenues of AED2.117 billion and net profit of AED1.045 billion reflect a high level of efficiency in managing operations and resources, providing a solid foundation for continued investment in technological and operational capabilities and for delivering sustainable long-term value to shareholders and partners.

Al Tayer added that Salik's future growth prospects are underpinned by Dubai's strong economic fundamentals, continued urban and population growth and expanding commercial and tourism activity. The Board, he said, remains committed to developing the company's operating model, adopting digital solutions and smart technologies and diversifying revenue streams, in support of the objectives of the Dubai Economic Agenda D33.

Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, said the third quarter showed signs of improvement. Revenue from toll usage fees rose 5.2% quarter-on-quarter, narrowing the year-on-year decline to 7.3% from 16.5%, and total revenue reached AED705.3 million. Free cash flow reached AED494.6 million in the quarter after an outflow in the second quarter, bringing the nine-month total to AED1,045.6 million. Net debt was reduced by 4.0% since the start of the year to AED4,606.9 million, with leverage at 2.29 times.

Al Haddad pointed out that Dubai's population is projected to reach 5.8 million by 2040, and that the Dubai 2040 Urban Master Plan is expanding five urban centres, three of which are near Salik's toll gates on Sheikh Zayed Road.

He added that mobility patterns improved gradually following the regional developments earlier in the year. The year-on-year gap in total trips narrowed to 5.0% in the third quarter from 12.6% in the second, peak-hour trips were 2.0% above last year over the nine months, and September was the busiest month for traffic since February.

Al Haddad said Salik renewed its technology partnership with TransCore for a further five years, supporting both its tolling operations and other mobility solutions such as parking payment, while its seamless parking service went live at Dubai Harbour following the agreement signed with Shamal in July.

The total number of trips, including discounted trips, made through Salik's toll gates reached 577.8 million in the first nine months of 2026, an 8.1% year-on-year decline compared with 628.4 million in the same period of 2025. Trips in the third quarter reached 194.0 million, up 4.0% compared with the second quarter, reflecting the gradual improvement in mobility following the exceptional regional events that began in late February 2026.

Total chargeable trips reached 419.3 million in the first nine months, a 10.9% year-on-year decline. Chargeable trips during the peak period, at AED6, totalled 155.3 million, while off-peak trips, at AED4, reached 219.6 million.

Revenue from toll usage fees reached AED1,809.8 million, down 10.1% compared with the first nine months of 2025. Third-quarter toll usage revenue reached AED607.3 million, up 5.2% on the second quarter, with the year-on-year shortfall narrowing sharply to 7.3% from 16.5% in the second quarter.

Revenue from fines reached AED220.1 million in the first nine months, up 6.5% year on year. Third-quarter fines revenue reached AED75.7 million, up 4.6% year on year and accounting for 10.7% of quarterly revenue.

Tag activation fees generated AED37.7 million in the first nine months, an 8.5% year-on-year increase. In the third quarter, they reached AED12.9 million, up 9.3% year on year and accounting for 1.8% of quarterly revenue.

Total ancillary revenue reached AED26.5 million in the first nine months, up 82.5% year on year, driven principally by the Parkonic parking partnership. The Liva Group insurance partnership also continued to build momentum, growing 73% year on year.

In the third quarter of 2026, Salik employed 63 full-time staff, 21.2% more than a year earlier, representing 17 nationalities compared with 12 in the third quarter of 2025. Emiratisation reached 31.8%, up from 30.8%, while women accounted for 22.2% of the workforce compared with 21.2%.

The company expects revenue growth of between 6% and 8% for the 2027 financial year, with an EBITDA margin of between 69.5% and 70.5%.

(Source: WAM.ae)