Salik’s Q1 Traffic Dips Amid Regional Tensions
Dubai’s toll gate operator, Salik Company, reported a resilient performance for the first quarter of 2026 despite facing a challenging environment. During this period, the company saw a modest 3.0 percent year-on-year decline in total revenue, which settled at Dh728.9 million, while net profits remained relatively steady at Dh369.3 million. This performance was largely impacted by a softer traffic environment in March, as regional geopolitical tensions led to widespread shifts toward remote work and distance learning, causing total chargeable trips to fall by 7.7 percent to 145.7 million.
Despite the drop in overall traffic volumes, Salik maintained a strong financial foundation, supported by an uptick in tag activation fees and significant growth in ancillary revenue from new parking partnerships. While toll usage fees saw a 6 percent decrease, the company successfully offset some of these challenges through its disciplined operational approach, achieving a robust EBITDA margin of 69.6 percent. Leadership remains optimistic about the company’s long-term outlook, noting that its defensive business model and essential role in Dubai’s infrastructure position it well to return to normalized growth trends as regional conditions stabilize.