Salik Company (SALIK) investor relations material

Executive summary

• Achieved record H1 2025 results with revenue up 39.5% and net profit up 41.5% year-over-year, driven by new toll gates, variable pricing, and ancillary revenue growth.

• Total chargeable trips reached 318.4 million in H1 2025, reflecting robust mobility demand and successful implementation of variable pricing.

• Ancillary revenues expanded through partnerships in parking and insurance, with medium- and long-term growth expectations.

• Benefited from Dubai's strong macroeconomic environment, including record airport traffic, tourism growth, and increased public transport ridership.

• Continued progress on innovation and value creation, including MSCI UAE index inclusion and new partnerships.

Financial highlights

• H1 2025 revenue reached AED 1,527.3 million, up 39.5% year-over-year; Q2 revenue was AED 775.7 million, up 45.6% year-over-year.

• EBITDA rose 44.2% to AED 1,065.0 million, with margin expanding to 69.7% in H1 2025.

• Net profit after tax increased 41.5% to AED 770.9 million, with net margin at 50.5%.

• Free cash flow for H1 2025 was AED 1.1 billion, up 62.4% year-over-year, with a margin of 72.8%.

• Net debt stood at AED 4.9 billion; net leverage improved to 2.5x trailing 12-month EBITDA.

Outlook and guidance

• Upgraded FY 2025 revenue growth guidance to 34–36% (from 28–29%) and EBITDA margin to 68.5–69.5%.

• Net profit margin after tax expected at 49.5%–50.5%.

• 100% of net profit to be distributed as dividends, subject to board and AGM approval.

• Medium/long-term ancillary revenue targets: parking AED 30–50m (2026), AED 120–150m (2030); insurance AED 10–20m (2026), AED 40–60m (2030).

• Guidance reflects confidence in business model and continued expansion of ancillary revenue streams.