Dubai, UAE — Salik Company has posted a net profit after tax of AED822 million ($223 million), up 2.4 percent YoY.
Salik reported 355.6 million revenue-generating trips, which increased 5.1 percent YoY to drive total revenue of AED1.640 billion.
Salik also reported EBITDA of AED1,115.0 million, up 8.9 percent YoY, and profit before tax of AED903.3 million, up 12.5 percent YoY.
Revenue from toll usage, comprising 86.7 percent of total revenue, rose 5.1 percent YoY to AED1,422.2 million in the nine-month period, with third quarter revenue from tolls increasing 5.7 percent YoY to AED468.4 million.
The company’s third quarter profit after tax increased by 8.8 percent YoY to AED277.3 million.
It also posted 5.1 percent YoY growth in revenue-generating trips in nine-months of 2024, reaching 355.6 million.
Mattar Al Tayer, Chairman of the Board of Directors of Salik, said, “Our performance in the first nine-months of 2024 is a testament to our robust business model and commitment to enhancing mobility in Dubai. We made further strategic progress in the third quarter, having officially launched our parking partnership with Emaar to provide parking solutions at Dubai Mall, a key initiative to diversify our revenue base that is already contributing positively to our financial performance.”
Registered active accounts increased 7.1 percent YoY to c.2.5 million in the nine months of 2024 from c.2.3 million in the nine-month period of 2023.