Salik reports Q1 revenue of AED 728.9 million

This decrease was partially offset by growth in Salik card activation fees and other revenue streams.Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached AED 507.2 million, with a margin of 69.6, while net profit remained stable at AED 369.3 million, with a margin of 50.7.His Excellency Mattar Al Tayer, Chairman of the Board of Directors of Salik, said the results reflect the company’s ability to achieve consistent performance in a challenging operating environment, supported by recurring revenues and strong operational efficiency. He added that Salik continues to deliver sustainable value for shareholders while maintaining high profitability and stable cash flows.Al Tayer said Salik recorded net profits of AED 369.3 million, supported by efficient cost management and the flexibility of its business model. He added that the company continues to strengthen strategic partnerships, expand revenue streams, and enhance operational efficiency through advanced technologies.He also noted that Dubai continues to reinforce its position as a leading global destination for investment and growth, with Salik playing a key role in the emirate’s smart mobility ecosystem.Ibrahim Sultan Al Haddad, CEO of Salik, said the company delivered solid performance despite challenging conditions during the quarter, with total trips reaching 197.2 million and active registered accounts increasing by 7.5 to 2.8 million.He added that despite slower traffic since March, Salik maintained strong profitability, healthy cash flows, and financial discipline, supported by the strength of its core toll business and operating model.Salik reported free cash flow of AED 636.5 million in the first quarter, up 1.6 year-on-year, with a margin of 87.3.The total number of trips declined by 6.4 year-on-year to 197.2 million, while toll collections fell 6.0 to AED 625.5 million due to lower traffic volumes, partially offset by the flexibility of the toll system introduced in 2025.Revenue from traffic violations stood at AED 69.1 million, while revenue from toll tag activation rose 6.1 to AED 12.2 million. Additional revenue streams increased 147 year-on-year to AED 8.0 million, supported by partnerships in parking and mobility services.Salik continued to expand its partnerships, including agreements with Emaar Malls, Parkonic, Liva, Dubai Airports, and Valtrans, alongside initiatives in electric vehicle charging and digital payment solutions in collaboration with Schneider Electric, Vcharge, and ENOC.Net profit before tax reached AED 405.8 million, while net profit after tax stood at AED 369.3 million, both broadly stable year-on-year. Net debt declined to AED 4.23 billion, with leverage remaining well below the company’s maximum threshold.