United Arab Emirates · Delayed Price · Currency is AED Salik Company P.J.S.C. Earnings Call Transcripts
Fiscal Year 2025
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2025 saw record revenue and profit growth, driven by robust tolling operations, variable pricing, and rapid expansion in ancillary services. Outlook for 2026 remains positive, with continued organic growth and strong dividend commitments.
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Record H1 2025 results with revenue up 39.5% and net profit up 41.5% year-on-year, driven by new gates, variable pricing, and strong ancillary growth. Upgraded full-year guidance reflects confidence in continued momentum and robust cash generation.
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Q1 2025 saw revenue rise 33.7% year-on-year to AED 751.6 million, with EBITDA margin expanding to 69.1% and net profit up 33.7%. Variable pricing and new gates drove growth, while ancillary streams and partnerships broadened revenue sources.
Fiscal Year 2024
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Revenue and profitability reached record highs in 2024, with net profit after tax up 6.1% and EBITDA margin expanding to 68.9%. Guidance for 2025 projects 28%-29% revenue growth, supported by new gates, variable pricing, and ancillary streams.
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Delivered strong nine-month 2024 results with 6.2% revenue growth and record Q3 trips, supported by Dubai's economic momentum. Two new tollgates and ancillary revenue streams, including parking and insurance, are set to drive further growth, with robust margins and positive 2025 guidance.