Salik Reports AED1.41 Billion Revenue in First Half of 2026 Despite Traffic Dip

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Salik Reports AED 1.41 Billion H1 Revenue | AI-Generated Image

Salik Company said in its financial results statement that total revenue for the first six months of 2026 reached AED 1.412 billion while EBITDA stood at AED 975.6 million for a 69.1 percent margin and net profit totaled AED 704 million at a 49.9 percent margin. The operator recorded 2.9 million active accounts by the end of June as it continued to expand non-toll services through new partnerships. These figures come after the company delivered stronger growth in prior periods supported by Dubai’s economic expansion and the addition of new toll gates.

According to the same statement traffic across the network amounted to 383.8 million trips in the first half a 9.5 percent decline from 424.2 million in the year-earlier period which the company linked to regional events. Recovery began in the second quarter with gradual improvement through April and May before June returned close to normal levels. Chargeable trips fell 12.5 percent to 278.5 million including 102.9 million during peak hours and 146.2 million off-peak.

The announcement showed toll revenue decreased 11.4 percent year on year to AED 1.2625 billion with the second-quarter figure down 16.5 percent at AED 577 million. Revenue from fines rose 7.5 percent to AED 144.4 million while tag activation fees increased 8.1 percent to AED 24.8 million and ancillary income from partnerships added AED 17.2 million. Such diversification helped offset some pressure on the core tolling business.

In the statement chairman Mattar Al Tayer noted that the results reflect the resilience of the business supported by Dubai’s economy and Salik’s execution. He affirmed the company’s commitment to its long-term strategy focused on growth efficiency and value creation for shareholders. Al Tayer’s assessment highlighted underlying operational strength even amid short-term volatility.

Chief executive Ibrahim Sultan Al Haddad described the business as durable after the successful execution of strategic priorities during the period. He pointed to the traffic trends alongside growth in fines tag fees and ancillary revenue streams from new collaborations. Al Haddad voiced optimism about long-term prospects tied to Dubai’s continued urban and economic development.

Salik’s announcement outlined a series of expansion moves including a 10-year e-wallet agreement with Dubai Airports launched in January a memorandum with Valtrans covering more than 100 locations and another with Shamal that commenced operations at Dubai Harbour in July. An additional memorandum with Dubai Integrated Economic Zones targets more than 21,000 parking spaces while partnerships with Schneider Electric Vcharge and ENOC advance electric vehicle charging and fuel payment capabilities. These initiatives form part of the company’s push to broaden its service offerings beyond traditional toll collection.

Salik’s earlier full-year 2025 results had shown revenue climbing 35.1 percent to AED 3.097 billion with chargeable trips reaching 639.1 million according to the company’s prior disclosures. The operator has run Dubai’s exclusive road toll system since 2007 and earlier periods saw consistent volume growth tied to the emirate’s rising population and vehicle registrations. The first-half 2026 performance therefore arrives against a backdrop of substantial historical expansion even as near-term dynamics remain fluid.

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Industry Gulf NewsDesk is the desk responsible for Industry Gulf's daily news coverage, monitoring and reporting developments across the Gulf from official sources, including national news agencies and government communications. Its focus is accurate, timely and factual coverage of the region.