Dubai, UAE — Salik Company, Dubai’s exclusive toll gate operator, has reported a net profit before taxes of AED 1.279 billion ($348 million) for the year 2024, marking a strong 16.6 percent YoY increase, while it generated net profit after taxes of AED 1.164 billion, a 6.1 percent YoY increase.
Its total revenue for the full year 2024 grew by 8.7 percent YoY to reach AED 2.3 billion ($626 million).
In a statement on Tuesday, the company said that EBITDA for the full year reached AED1.6 billion, a 13.6 percent YoY growth.
Salik’s net profit before taxes totaled AED1,279.7 million in FY24,
In light of the strong year performance, the Board of Directors proposes a dividend of AED619.8 million to be paid during H1 2025 (equivalent to 8.2645 fils per share). This brings total dividends for FY24 to AED 1.164 billion, representing 100 percent of FY24’s net profit and a 6.1 percent YoY increase compared to FY23.
In terms of operations, total revenue-generating trips recorded 498.1 million, rising by 8.0 percent YoY at the back of the launch of the two new Salik gates.
Mattar Al Tayer, Chairman of the Board of Directors of Salik, said, “Salik has reported a very strong year, with healthy revenue growth and record profitability performance.”
