Dubai's toll gate operator Salik has reported a net profit of Dh1.04 billion for the first nine months of 2026, highlighting its continued financial strength despite a decline in overall revenue. The company announced its latest financial results on November 13, recording an 8.6% decrease in net profit compared with the same period last year. Total revenue stood at Dh2.117 billion, representing a 6.9% decline year-on-year. However, the third quarter brought encouraging signs of improvement as traffic volumes started recovering across Dubai's roads. The company also maintained a healthy net profit margin of 49.4% during the reporting period.

Salik Records Improvement in Third-Quarter Performance

Salik recorded revenue of Dh705.3 million during the third quarter, marking a 3.2% increase compared with the previous quarter. Its quarterly net profit reached Dh341.1 million, showing a 1.9% improvement over Q2. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also increased to Dh474 million, reflecting a 1.2% quarterly rise. Despite these improvements, the company's third-quarter EBITDA margin stood at 67.2%, compared with 69.4% during the corresponding period last year. Higher operational expenses, maintenance costs, staff spending and concession fees continued to put pressure on profitability.

Dubai Traffic Shows Signs of Recovery as Toll Trips Increase

One of the most encouraging developments for Salik was the improvement in traffic movement during the third quarter. The company recorded approximately 194 million trips through its toll gates, representing a 4% increase compared with the previous quarter. September also emerged as the busiest month for traffic since February, indicating a gradual recovery in road activity. Toll usage fees generated Dh1.809 billion during the first nine months, while revenue from fines reached Dh220.1 million, increasing by 6.5%. Additional revenue from other services climbed 82.5% to Dh26.5 million, supported mainly by the company's parking partnership with Parkonic.

Salik Sets Revenue Growth Target of 6–8% for 2027

Looking ahead, Salik expects its financial performance to improve further, with revenue growth projected between 6% and 8% in 2027. The company has also set an EBITDA margin target of 69.5% to 70.5%, alongside a net profit margin forecast of 50.5% to 51.5%. Its growth strategy includes expanding digital mobility services, strengthening technology partnerships and benefiting from Dubai's continued urban development. Salik also plans to distribute 100% of its net profit as cash dividends, subject to board recommendations and shareholder approval. With traffic volumes showing signs of recovery, the company is preparing for its next phase of growth in Dubai's expanding transport and mobility sector.

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