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Stay informed on Salik’s financial performance without spending hours reading reports. The Salik IR Podcast delivers concise, engaging audio summaries of key financial data and trends, straight from the source. Each episode breaks down earnings reports, revenue drivers, and essential metrics, offering clear analysis for investors, analysts, and anyone interested in Salik’s growth and operations.
We leverage AI-powered insights, using Quarterbite by Euroland IR, to transform raw numbers into compelling narratives—making complex financial information accessible and convenient. Please note that episodes are AI-generated and provided for informational purposes only—this is not investment advice.
Whether you're a seasoned investor or simply want to stay up-to-date, this podcast is your essential audio briefing on Salik’s financial health.
Intro: Welcome to the very first episode of the Salik Investor Relations Podcast, where today, we’re not just talking numbers—we’re celebrating incredible milestones and a future filled with opportunity. In this debut episode, we’re pulling back the curtain on a truly fantastic first half of 2025 for Salik, Dubai’s exclusive toll gate operator. Imagine this: revenue soaring by nearly 40%, driven by the dynamic growth of this amazing city. We’ll break down exactly how we achieved this, from the strategic launch of new toll gates to our innovative variable pricing system that’s optimizing traffic flow across Dubai. And here's the most exciting part for our investors: we’ll be discussing the Board's proposal for a full 100% payout of our net profit as a dividend. But we’re not stopping there. We’ll also give you a sneak peek into our future, exploring the new services we’re building beyond the toll booths—think seamless parking, smart payments, and a whole ecosystem of mobility solutions. This is the story of incredible momentum, shareholder value, and a vision for the future. You won’t want to miss it. Let’s get started.
Speaker 1: Hi everyone, and welcome. For those new to our story, Salik is Dubai’s exclusive toll gate operator—our name even means seamless mobility in Arabic. We were established as a public joint stock company in 2022, and today, we’re absolutely thrilled to share the incredible results from the first half of 2025.
Speaker 2: Absolutely! The energy here is palpable because these numbers tell a powerful story of strategic execution and the vibrant economic pulse of Dubai. Let’s dive right into the good news, starting with the headline figures from our H1 2025 performance. They are truly amazing.
Speaker 1: They certainly are. **We’re thrilled to share that our revenue soared this quarter! ** For the first half of 2025, our total revenue jumped by an incredible **39.5%** year-over-year, reaching 1.53 billion AED. This surge directly translated into fantastic profitability. Our EBITDA grew even faster, by **44.2%** to 1.07 billion AED, and our EBITDA margin expanded to a very healthy 69.7%.
Speaker 2: That margin expansion is a crucial point. It’s a clear sign of the incredible efficiency and scalability of our business model. And of course, this all flows down to the bottom line. Our net profit for the period saw a **41.5%** year-over-year increase, reaching 770.9 million AED. So, what were the key catalysts behind this fantastic performance?
Speaker 1: It was all driven by our strategic vision coming to life. Two major initiatives were the primary drivers: the introduction of two new toll gates in late 2024, and just as importantly, the successful implementation of our new variable pricing system. The results clearly show the positive impact on both revenue and traffic management.
Speaker 2: It’s amazing to see strategy translate so directly into results. Speaking of traffic, the numbers there were just as impressive, right?
Speaker 1: Exactly! The total number of trips across our network increased by **39.6%** to 424.2 million, which is a direct reflection of Dubai's incredible dynamism. We're seeing a strong inflow of tourism and continued population growth, and our network is expanding to support that. This Hajj season, for example? **Absolutely record-breaking—we’ve never seen so many passengers** and vehicles moving through the city.
Speaker 2: And when a company delivers such a strong performance, the conversation naturally turns to shareholder returns. **And guess what…** the Board of Directors has some very exciting news on that front.
Speaker 1: Of course! This is a key part of our commitment to our investors. In light of our strong financial health, the Board has proposed a cash dividend of 770.9 million AED. **Here’s the exciting part…** this represents a **100% payout** of the net profit for the period. This is a powerful statement of our confidence in our cash flow and our future prospects.
Speaker 2: Wow, a 100% payout is a fantastic signal of confidence! This must mean you’re feeling pretty optimistic about the rest of the year as well.
Speaker 1: We absolutely are. The momentum from the first half has given us the confidence to revise our full-year guidance upwards. We now expect total revenue growth for 2025 to be in the range of **34-36%**, a significant jump from our previous forecast. We’re well-positioned to continue this strong performance.
Speaker 2: That’s incredible news. Now, while the core tolling business is clearly the engine of our growth, we're also looking ahead and building for the future. Let’s talk about the expansion into new revenue streams.
Speaker 1: This is an incredibly exciting area for us. While our core business is thriving, we are actively diversifying. We've launched several key initiatives, like our partnership with Emaar Malls for seamless parking payments at Dubai Mall. We've also partnered with Parkonic, which marks our very first geographic expansion outside of Dubai!
Speaker 2: That’s a huge milestone! It shows the potential to leverage our technology in new markets.
Speaker 1: That’s right. We’re building a whole ecosystem of services. We've partnered with Liva for motor insurance and signed an agreement with Enoc to explore smart payment solutions at petrol stations. **And the best part? We’re just getting started—next quarter looks even brighter!** These ventures are planting the seeds for major future growth.
Speaker 2: It’s a clear strategy of building an ecosystem around the driver. And none of this would be possible without a solid financial foundation. How are we looking on that front?
Speaker 1: Our financial health is rock-solid. Our balance sheet is strong, and our leverage ratio is comfortably below our debt covenants, giving us significant flexibility. But the real story is our cash generation. In the first half of 2025, we generated a free cash flow of **1.11 billion AED**. That’s a remarkable **62.4% increase** from last year. This powerful cash flow is what allows us to invest in growth and deliver those fantastic dividends.
Speaker 2: It truly has been a landmark first half. To summarize, we've seen record-breaking revenue and profit, driven by smart strategic initiatives. We're rewarding our shareholders with a significant dividend, all while investing in an exciting future.
Speaker 1: Exactly. **Together, we’re flying higher than ever.** It’s a story of delivering on our promises and building a resilient, future-focused company. We encourage everyone to visit our investor relations website for more details. Thanks for tuning in!
Outro: So, as we wrap up today’s deep dive into our record-breaking first half of 2025, the key takeaway for our investors is crystal clear. Salik is operating on two powerful engines, driving both immediate value and long-term growth. First, you have our core tolling business, which is firing on all cylinders. It’s a cash-generating powerhouse, delivering fantastic results and, as we discussed, returning that value directly to you, our shareholders, with the proposed 100% profit payout. This is the bedrock of our success. And second, we’re building our engine for the future. We are strategically planting the seeds for long-term growth by expanding into exciting new ventures. From our partnership for seamless parking at Dubai Mall to our first expansion outside the emirate with Parkonic, we are evolving from a toll operator into a comprehensive mobility solutions provider. It’s this powerful combination of incredible present performance and a clear vision for future potential that defines our journey. This podcast is copyrighted by Quarterbite™ and produced by the Euroland IR team. Refer the show notes for disclaimer. For more insights, visit Salik's Investor Relations website and download the Salik IR App from the Play Store or App Store to stay updated with the latest developments. Thank you for listening.