Salik Reports AED 2.3 billion of Revenue in 2024 with a Growth of 8.7%

# Salik Company Financial Results for FY 2024 Salik Company PJSC (“Salik” or the “Company”), Dubai’s exclusive toll gate operator, today announced its financial results for the three-month and year-ended December 31, 2024 (“Q4 2024” and “FY 2024”). **Financial Highlights:** – **Total Revenue**: Grew by **8.7% YoY** to reach **AED 2.3 billion** in FY 2024. – **Q4 Revenue**: Increased by **15.6% YoY**, amounting to **AED 651 million**. – **EBITDA**: Reached **AED 1.6 billion**, reflecting a **13.6% YoY growth**. – **Total Trips**: Recorded **498.1 million**, rising by **8.0% YoY**. His Excellency Mattar Al Tayer, Chairman of the Board of Directors of Salik, expressed his delight over the company’s financial results: > “Salik has reported a very strong year, with healthy revenue growth and record profitability performance… We look forward to achieving more operational, financial and strategic milestones in 2025.” **Operational Performance:** – Revenue-generating trips in Q4 reached **142.6 million**, up **15.8% YoY**. – Key toll gates such as Al Garhoud Bridge and Jebel Ali saw significant growth. ### **Profitability Metrics** – **EBITDA Margin**: Achieved **68.9%** in FY24, up from **65.9%** in FY23. – **Net Profit Before Tax**: Totaled **AED 1,279.7 million**, marking a **16.6% YoY increase**. In light of the strong performance, the Board of Directors proposes a dividend of **AED 619.8 million** to be paid during H1 2025, bringing total dividends for FY24 to **AED 1,164.5 million**. ### **Ancillary Revenue Streams** Salik has made significant strides in expanding its ancillary revenue streams: – **Parking Partnership**: Revenue from the partnership with Emaar Malls reached **AED 5.8 million** in FY24. – **Tag Activation Fees**: Increased by **7.0% YoY** to **AED 40.9 million**. ### **Strategic Initiatives and Future Outlook** – Implementation of **variable pricing** set for January 31, 2025, with expected additional revenue of **AED 60-110 million** yearly. – The introduction of two new toll gates—the **Business Bay Gate** and **Al Safa South Gate**—is projected to enhance traffic efficiency and revenue. **FY25 Guidance**: Total revenue growth for FY25 is expected to be **28-29% YoY**, including contributions from the new toll gates and variable pricing implementation. — **For more information, visit Salik’s official website or contact our investor relations department.** “` This version eliminates unnecessary code, focuses on key financial metrics, and utilizes appropriate headings and block quotes in the Gutenberg format for WordPress.