{
  "id": 19787298,
  "title": "Salik nine-month profit tops Dh1 billion, Q3 trips rebound 4%",
  "url": "https://urgent.news/2026/11/13/salik-nine-month-profit-tops-dh1-billion-q3-trips-rebound-4",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T09:17:42.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/salik-nine-month-profit-tops-dh1-billion-q3-trips-rebound-4-1.500746121"
  },
  "original_language": "en",
  "account": "Salik, Dubai's premium toll operator, reported a net profit of Dh1.04 billion for the nine months ending September 30, marking a slight 8.6 percent decline from the previous year. Despite a 6.9 percent revenue drop to Dh2,117.3 million, the company saw improvements in revenue, EBITDA, and net profit on a quarter-over-quarter basis. Q3 revenue increased by 3.2 percent to Dh705.3 million, while EBITDA rose to Dh474.0 million, up 1.2 percent from the prior quarter. Net profit in Q3 amounted to Dh341.1 million, a 1.9 percent gain.\n\nTraffic volumes on Dubai's roads rebounded, and margins faced pressure due to higher concession fees, operating costs, and provider commissions. Toll usage fees fell by 10.1 percent to Dh1.809 billion, while fines and tag activation fees rose by 6.5 percent and 8.5 percent, respectively. Ancillary revenue grew by 82.5 percent to Dh26.5 million, with the Parkonic parking partnership playing a significant role.\n\nCEO Ibrahim Sultan Al Haddad emphasized that cash generation strengthened significantly, and net debt to EBITDA fell to 2.29 times, well within the 5 times covenant. Chairman Mattar Al Tayer credited the company's business model, operational efficiency, and ability to capitalize on Dubai's rapid growth. Al Haddad highlighted Dubai's projected population of 5.8 million by 2040 and the Dubai 2040 Urban Master Plan, which includes five urban centers near Salik's gates.\n\nLooking ahead, Salik anticipates revenue growth of 6 to 8 percent in 2027 and an EBITDA margin between 69.5 and 70.5 percent. The company expects a lower concession fee under the inflation protection mechanism, partially offset by rising costs due to inflation. Salik plans to distribute 100 percent of its net profit as cash dividends, subject to Board approval. The company also renewed its technology partnership with TransCore for five years and launched seamless parking payments at Dubai Harbour's Harbour West Car Park. Salik currently employs 63 full-time staff, a 21.2 percent increase from a year earlier, with 31.8 percent of employees being Emiratis.",
  "summary": "Salik, Dubai’s exclusive toll gate operator, earned a net profit of Dh1.04 billion in the nine months ending September 30. This is a slight drop of 8.6 per cent from the previous year. The company announced its financial earnings on November 13. Revenue fell 6.9 per cent to Dh2,117.3 million. However on a quarter-on-quarter basis, revenue, EBITDA and net profit all improved. Q3 revenue rose 3.2…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}