Dubai's Salik posts nine-month net profit of AED 1.045 billion as third-quarter traffic recovers

Dubai toll operator Salik reported on Friday (November 13) a net profit of AED 1,045.1 million (about US$285 million) for the first nine months of 2026, a net profit margin of 49.4%. Total revenue was AED 2,117.3 million and earnings before interest, taxes, depreciation and amortization (EBITDA) reached AED 1,449.6 million, a margin of 68.5%.

Third-quarter traffic improved

Total trips for the nine months reached 577.8 million, down 8.1% from 628.4 million in the same period last year, and toll revenue fell 10.1% year on year. The third quarter showed signs of recovery: toll revenue rose 5.2% on the second quarter and trips increased 4% sequentially. Chief Executive Officer Ibrahim Sultan Al Haddad said September was the busiest month for traffic since February. Free cash flow was AED 494.6 million in the third quarter, bringing the nine-month total to AED 1,045.6 million.

Revenue growth of 6% to 8% expected in 2027

Salik expects revenue to grow by 6% to 8% in the 2027 financial year, with an EBITDA margin of 69.5% to 70.5%. Net debt has fallen 4% since the start of the year to AED 4.606 billion, with leverage at 2.29 times. Salik is Dubai's sole toll-road operator.

Sources: Salik company statement; Dubai Week; Emirates247.