Salik Company revenue reaches Dhs1.41 billion in first half of 2026
- Last updated: August 6, 2026 | 10:14
Salik Company, the exclusive operator of toll gates in Dubai, on Wednesday announced its financial results for the three-month and six-month periods ended 30 June 2026 (“Q2 2026” and “H1 2026”). Total revenue for H1 2026 reached Dhs1,412.0 million, while EBITDA amounted to Dhs975.6 million, with an EBITDA margin of 69.1%. Consequently, net profit reached Dhs 704.0 million during H1 2026, with a net profit margin of 49.9%.
Mattar Al Tayer, Chairman of the Board of Directors of Salik, affirmed that the first-half results reflect the resilience of Salik’s business model and its ability to deliver sustainable results, supported by Dubai’s robust economic fundamentals, world-class infrastructure, the Company’s strong operational execution, and disciplined financial management.
He said, “Salik delivered sustainable financial performance, reporting a net profit of Dhs704.0 million with a margin of 49.9%, alongside EBITDA of Dhs975.6 million and an EBITDA margin of 69.1%. These results reflect the efficiency of our operations and our ability to achieve balanced financial outcomes that combine strong revenue levels with industry-leading profitability. In addition, the number of active accounts increased to 2.9 million, highlighting the growing confidence in our services and the continued expansion of our customer base.”
He further emphasised that Salik remains committed to executing its long-term strategy aimed at delivering sustainable value to shareholders through expanding investment opportunities across available growth areas, enhancing operational efficiency, and capitalising on Dubai’s strong economic momentum. As Dubai continues to strengthen its position as a leading global hub for business and investment, Salik is well positioned to reinforce its market standing and deliver positive long-term results.
Ibrahim Sultan Al Haddad, Chief Executive Officer of Salik, commented, “The first half of 2026 demonstrated the durability of Salik’s business and our ability to execute against our strategic priorities in a more measured operating environment. Salik generated revenue of Dhs1,412.0 million in H1 2026, with total trips reaching 383.8 million, and active registered accounts increasing to 2.9 million, noting that the second quarter marked the start of a recovery in traffic flows, with a gradual rebound during April and May, culminating in June traffic volumes returning to almost near-normal levels. Our disciplined operating model enabled the company to maintain strong profitability and continue delivering healthy cash generation.
He said, “The UAE continues its development journey supported by a diversified economy, advanced infrastructure and a proactive government policy environment. We are building the next phase of Salik’s growth through the expansion of our digital mobility ecosystem. During the period, we further strengthened our offering through the 10-year agreement with Dubai Airports, enabling seamless parking payments through Salik’s innovative e-wallet system across Terminals 1, 2 and 3, as well as the cargo terminal.
The service was launched on 22 January 2026. In addition, through our collaboration with Valtrans across more than 100 locations in the UAE. We have since signed a memorandum of understanding with Shamal to enable seamless parking payments at Dubai Harbour, with implementation having commenced in July 2026, and a memorandum of understanding with Dubai Integrated Economic Zones Authority to deliver seamless mobility solutions covering more than 21,000 parking spaces across its free zones, marking the launch of a new business vertical for Salik. Our near-term focus is on progressing next-generation EV charging through our partnerships with Schneider Electric and Vcharge, alongside seamless fuel and services payments through ENOC.
While the near-term operating environment remains dynamic, we are confident that Dubai’s continued population growth, economic expansion and long-term urban development will continue to contribute to sustained traffic growth in the future and provide a strong platform for sustainable long-term growth.” The total number of trips, including discounted trips, made through Salik’s toll gates reached 383.8 million in H1 2026, representing a 9.5% YoY decline compared to 424.2 million in H1 2025. The softer performance during the period reflects a temporary slowdown following the exceptional regional events that began in late February 2026.
Total chargeable trips reached 278.5 million in H1 2026, a 12.5% YoY decline compared to H1 2025. Chargeable trips during the peak period (Dhs6) totaled 102.9 million, with trips in the off-peak period (Dhs4) reaching 146.2 million.
Toll usage fees: revenue from toll usage fees decreased 11.4% YoY to Dhs 1,202.5 million in H1 2026, including a 16.5% YoY decline in Q2 2026 to Dhs 577.0 million, primarily reflecting lower traffic volumes following the exceptional regional events that began in late February 2026.
Fines: revenue from fines increased 7.5% YoY to Dhs 144.4 million in H1 2026, with Q2 2026 fines revenue rising 14.2% YoY to Dhs 75.2 million and contributing 11.0% of total revenue for the quarter.
Tag activation fees: increased 8.1% YoY in H1 2026 reaching Dhs24.8 million, supported by a 10.2% YoY increase in Q2 2026 to Dhs 12.6 million. Tag activation fees contributed 1.9% of total revenue in Q2 2026.
Total ancillary revenue: reached Dhs17.2 million during H1 2026 driven by revenues from Parking Payment Solutions partnerships with Parkonic, Dubai Mall and Dubai Airports. Furthermore, the company’s partnership with Liva Group has continued to gain momentum during H1 2026.
WAM