Dubai: Salik Company PJSC (Salik), Dubai’s exclusive toll gate operator, announced its financial results for the first quarter of 2026, revealing a total revenue of AED 728.9 million. This marks a 3.0% year-on-year decline, attributed to reduced toll usage fees resulting from softer traffic trends during the period. The decline was partially mitigated by an increase in tag activation fees and other revenue streams. Salik’s EBITDA for the quarter was AED 507.2 million, with a margin of 69.6%.
According to Emirates News Agency, despite the revenue dip, Salik’s net profit remained stable at AED 369.3 million, with a net profit margin of 50.7%. This consistency highlights the resilience of Salik’s business model amid a challenging operating environment. Mattar Al Tayer, Chairman of the Board of Directors of Salik, praised the company’s capacity to maintain strong profitability and cash flow through operational efficiency and financial discipline.
During the quarter, Salik reported a total of 197.2 million trips through its toll gates, reflecting a 6.4% year-on-year decrease. Chargeable trips totaled 145.7 million, a 7.7% decline from the previous year. The company attributed the softer performance to evolving regional market dynamics. Toll usage fees amounted to AED 625.5 million, showing a 6.0% decrease year-on-year.
Salik’s strategic initiatives include expanding its digital payment solutions and enhancing its partnerships. In April 2026, Salik partnered with Valtrans to enable digital valet parking payments across UAE locations. Additionally, Salik’s E-Wallet parking payment system was integrated at Dubai International Airport in January 2026.
The company continues to strengthen its ancillary revenue streams and strategic partnerships, such as collaborations with Schneider Electric and Vcharge for EV charging network integration, and a pilot program with ENOC for seamless fuel payments. Salik’s ongoing partnership with LIVA for digital motor insurance solutions also saw significant growth.
Salik’s credit ratings were upgraded by Fitch Ratings and reaffirmed by Moody’s, reflecting the company’s robust financial performance and stable outlook. The company remains committed to social responsibility, partnering with Dubai Charity Association to support orphans, and investing in human capital with a focus on Emiratization and diversity within its workforce.