Salik reported third-quarter revenue of AED 705.3 million and net profit of AED 341.1 million, with trips and toll income recovering from the second quarter.
Salik Company PJSC (Salik), the exclusive operator of toll gates in Dubai, reported third-quarter net profit of AED 341.1 million on Friday, 8.5% lower than a year earlier, on revenue of AED 705.3 million, down 5.7%.
Both figures improved on the second quarter, the company said in its results for the three and nine months to September 30. Revenue rose 3.2% on the second quarter, and net profit rose 1.9%.
Q3 net profit compares with AED 372.9 million in the same quarter of 2025.
Toll usage fees brought in AED 607.3 million, down 7.3% from AED 655.2 million a year earlier and up 5.2% on the second quarter.
The year-on-year gap in toll usage fees was 16.5% in the second quarter.
Total trips through Salik gates in the quarter were 194.0 million, down 5.0% from 204.2 million a year earlier and up 4.0% on the second quarter.
Chargeable trips fell 7.4% to 140.8 million. Peak-hour trips, charged at AED 6, were 52.3 million, down 5.4%.
Fines revenue was AED 75.7 million, up 4.6% on a year earlier and 10.7% of the quarter’s revenue. Tag activation fees were AED 12.9 million, up 9.3%.
EBITDA was AED 474.0 million, 8.6% below the third quarter of 2025. The EBITDA margin was 67.2%, against 69.4% a year earlier.
Salik attributed the lower margin to a concession fee that has risen to 23.1%, higher operating and employee costs, and a smaller revenue base.
Free cash flow was AED 494.6 million, after an outflow of AED 85.4 million in the second quarter.
Chief executive Ibrahim Sultan Al Haddad said traffic was recovering and that “September was our busiest month for traffic since February.”
Revenue for the first nine months was AED 2,117.3 million, down 6.9% from AED 2,275.0 million. Net profit was AED 1,045.1 million, down 8.6% from AED 1,143.8 million, at a margin of 49.4%.
Total trips were 577.8 million, down 8.1% from 628.4 million in the same period of 2025. Peak-hour trips were 155.3 million, up 2.0% on the same period a year earlier.
Active registered accounts rose 5.7% to 2.9 million.
Net debt at September 30 was AED 4,606.9 million, AED 192.3 million lower than at the start of the year.
Net debt to EBITDA was 2.29 times, against 2.45 times at the end of the second quarter and a covenant limit of 5.0 times.
Ancillary revenue rose 82.5% to AED 26.5 million over the nine months, driven mainly by the Parkonic parking partnership.
Salik’s parking payment service went live at the Harbour West Car Park at Dubai Harbour during the quarter, letting drivers pay for parking through their Salik accounts. The service follows an agreement signed with Shamal in July.
In September, Salik renewed its technology partnership with TransCore for a further five years. The company said the renewal is not expected to change the financial impact materially compared with the previous contract.
For the 2027 financial year, Salik expects revenue growth of 6 to 8%, an EBITDA margin of 69.5 to 70.5% and a net profit margin of 50.5 to 51.5%.
It also plans cash dividends of 100% of net profit, subject to board recommendation and approval at the annual general meeting. Earlier figures are in Dubai Week’s nine-month report on Salik.
