The company “Salk,” the exclusive operator of toll gates in Dubai, has announced its financial results for the three and six-month periods ending June 30, 2025 (“Q2 2025” and “H1 2025”). The company recorded a notable increase in total revenues during H1, rising by 39.5% year-over-year to reach 1.53 billion AED, supported by a substantial 45.6% increase in Q2 2025.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 44.2% in H1 2025, totaling 1.06 billion AED, with a margin of 69.7%. The net profit for Salk after taxes stood at 770.9 million AED in H1, marking a 41.5% increase year-over-year.
In Q2, the net profit after tax was 400.2 million AED, reflecting a year-over-year growth of 49.6%. Compared to Q1 2025, net profit increased by 8.0%. The net profit margin improved by 70 basis points to 50.5% in H1 2025, and in Q2 2025, the margin grew by 140 basis points to 51.6% compared to Q2 2024.
The company attributes this performance to the operation of two new toll gates launched in November 2024, along with a favorable economic environment and the implementation of a flexible toll system at the end of January 2025. Regarding Salk’s core business of toll collection, the total journeys subject to tolls amounted to 318.4 million in H1 2025, and 160.4 million in Q2, marking a 1.6% increase compared to 158.0 million journeys in Q1 2025, despite Q1 generally being more active for Salk, as well as the redistribution of traffic during the Ramadan month, which fell in Q1.
Given the robust results for the first half of the year, Salk’s Board of Directors has approved a dividend distribution of 770.9 million AED, equating to 10.27 fils per share, representing 100% of the profits from H1 2025 for that period.
Financial Strength
His Excellency Mattar Al Tayer, Chairman of Salk, stated: “The company’s exceptional financial performance in H1 2025 reflects the strength of its business model and high operational efficiency, with total revenue growth of 39.5% year-on-year. This reinforces the company’s strong financial position, ensuring Salk continues to provide long-term value to shareholders while supporting Dubai’s vision of becoming a global leader in smart and sustainable mobility solutions. Furthermore, it benefits from the emirate’s economic momentum, bolstered by sustainable growth rates in tourism, real estate, and infrastructure spending.”
He added: “Based on the accomplished results and our firm commitment to shareholders, the Board has approved a cash dividend of 770.9 million AED, which amounts to 100% of H1 2025 profits.” He also noted that the company’s exceptional performance in revenue and profits from toll collection and the growth of additional revenue sources strengthens the forecasts for 2025, projecting revenue growth of 34% to 36% compared to 2024, exceeding previous estimates of 28% to 29%. Additionally, profit margins before interest, taxes, depreciation, and amortization are now projected to be between 68.5% and 69.5%, reflecting confidence in Salk’s prospects and areas for future growth, particularly in enhancing non-core services and exploring new opportunities in additional revenue channels.
Ibrahim Al Haddad, CEO of Salk, remarked: “We have achieved strong results for another quarter, with nearly 40% year-over-year growth across all key financial metrics, including revenue and EBITDA, alongside net profit growth. These results reflect the ongoing strength of our toll collection business and the increasing growth in additional revenue streams, including our partnerships for providing mobile payment solutions, which continue to draw significant user interest.”
He further added: “The total number of journeys remained robust during this period, increasing by 39.6% compared to H1 2024, driven by the launch of two new toll gates, continuous population growth, and record-high tourist arrivals that increased by 7% from January to May compared to last year, with hotel occupancy rates rising to 83%, up from 81% the previous year. Considering these positive indicators and our clear vision for the second half of the year, we are highly confident in Salk’s future growth, as indicated by the latest updates to our financial performance forecasts for 2025. We reaffirm our readiness to deliver sustainable value while continuing to expand, diversify, and innovate within the comprehensive mobility framework.”