Dubai Salik Reports 6.1% Profit Growth in 2024 with New Toll Gates
Salik’s 2024 net profit reaches Dh1.16bn, boosted by two additional toll gates and reduced concession fees. Learn about Dubai’s toll operator’s performance.
By Vadim Kouznetsov, published
Dubai’s toll gate operator Salik has reported a net profit of Dh1.16 billion for 2024, marking a 6.1% increase from Dh1 billion in 2023. This growth comes despite the introduction of a 9% corporate tax at the start of 2024.
Strategic Expansion and Revenue Growth
The company, which manages 10 toll locations across Dubai, saw its revenue climb to Dh2.229 billion, an 8.7% increase from Dh2.1 billion in 2023. This improvement stems from:
- The addition of two new toll gates in November 2024
- Implementation of variable timing-based rates
- Enhanced economic activity in Dubai
- Growth in overall traffic volume
Key Financial Highlights
Traffic through Salik’s gates reached approximately 498.1 million trips in 2024, representing an 8% increase in revenue-generating journeys. The company’s financial position strengthened further following a reduction in concession fees paid to the Roads and Transport Authority (RTA) from 25% to 22.5%, effective April 1, 2024.
Market Performance
As of February 14, 2025, Salik’s stock trades at Dh5.17 on the Dubai Financial Market (DFM), reflecting investor confidence in the company’s operational model and growth strategy.
Looking Forward
The positive results highlight Dubai’s expanding transportation infrastructure and Salik’s role in managing urban mobility. The combination of new toll gates, optimised pricing structures, and reduced operational costs positions the company for continued growth in Dubai’s developing transport sector.
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