Salik’s revenue falls 3% with lower Dubai traffic in March

Earnings at Dubai toll operator Salik during March fell due to less traffic, with total revenue falling 3 percent year on year to AED729 million ($199 million).

However the company added that the Iran war’s impact on March performance was partly offset by a growth in tag activation fees and other revenue streams.

Revenue from fines reached AED69 million in the first quarter, broadly stable year on year and contributing 9.5 percent of quarterly revenue.

Tag activation fees (paid-to-use auto-toll facilities) rose 6 percent to AED12 million, supported by an annual increase of more than 8 percent in registered active vehicles.

Net profit was stable at AED369 million year on year in the first quarter, thanks to effective cost management, the company said in a statement to the Dubai Financial Market.

Total trips reached 197.2 million, while active registered accounts rose 7.5 percent to 2.8 million. Total chargeable trips fell 8 percent year on year to 146 million.

The total number of trips, including discounted trips, made through the toll gates was 197.2 million in the first quarter, down more than 6 percent year on year.

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As of March 31 2026 net debt stood at AED4.2 billion, down from AED4.8 billion in December 31 2025.

Salik generated free cash flow of AED637 million by the end of the first quarter, up 2 percent year on year.

The stock was trading 0.3 percent lower at AED5.72 on Tuesday morning, down 9 percent year to date.

Dubai Investment Fund owns 75 percent of Salik.