Dubai:Salik Company PJSC, the exclusive toll gate operator in Dubai, has unveiled its financial results for the period ending September 30, 2026. The company announced a net profit of AED1.045 billion, with total revenue reaching AED2.117 billion and EBITDA standing at AED1.449 billion, reflecting a 68% EBITDA margin.
According to Emirates News Agency, Salik's Chairman Mattar Al Tayer highlighted the company's operational efficiency and strategic execution as key factors in its robust financial performance. He emphasized Salik's contribution to enhancing Dubai's competitiveness as a business hub and noted the importance of the company's strategic investments in technology and operational capabilities to deliver sustained growth.
The third quarter of 2026 saw a marked improvement in Salik's revenue from toll usage fees, which rose by 5.2% quarter-on-quarter, narrowing the year-on-year decline to 7.3%. The company generated AED705.3 million in total revenue for the quarter, with free cash flow significantly strengthening to AED494.6 million. Salik's net debt was reduced by 4% to AED4.606 billion, providing the company with flexibility for future growth.
Salik's CEO, Ibrahim Sultan Al Haddad, noted improved mobility patterns in the third quarter, with total trips increasing by 4% compared to the previous quarter. The total number of trips through Salik's toll gates reached 577.8 million in the first nine months of 2026, an 8.1% decline from the same period in 2025.
Revenue from fines and tag activation fees also saw increases of 6.5% and 8.5% year-on-year, respectively, in the first nine months of 2026. Ancillary revenue, driven by the Parkonic parking partnership, rose by 82.5% year-on-year, while Salik's insurance partnership with the Liva Group grew by 73%.
Salik's workforce expanded to 63 full-time employees, a 21.2% increase from the previous year, with Emiratisation reaching 31.8%. The company anticipates revenue growth for the 2027 financial year to be between 6% and 8%, with an expected EBITDA margin between 69.5% and 70.5%.