1. United Arab Emirates Stocks

  2. •

    Industrials

  3. •

    Industrial - Infrastructure Operations
Salik Company P.J.S.C.

Salik Company P.J.S.C.

SALIK.AE
Salik Company P.J.S.C.AE flagDubai Financial Market
5.88
AED
-0.06
- -
44.10BMarket Cap
Salik Company P.J.S.C.
SALIK.AE
(Dubai Financial Market)

Recent

price

5.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.26
0.19
0.23
0.25
0.28
0.31
0.41
0.41
Revenue per Share
- -
0.22
0.15
0.18
0.18
0.15
0.16
0.21
0.21
Basic EPS, GAAP
- -
0.23
0.16
0.16
0.2
0.19
0.19
0.28
0.28
Free Cash Flow per Basic Share
- -
- -
- -
0.16
0.11
0.14
0.15
0.19
0.1
Dividend per Share
- -
- -
- -
- -
0.08
0.08
0.14
0.16
0.21
Book Value per Share
- -
-0.01
-0.02
- -
-0.45
-0.43
-0.73
-0.69
-0.64
Tangible Book Value per Share
- -
7,500
7,500
7,500
7,500
7,500
7,500
7,500
7,500
Basic Weighted Avg Shares
- -
1,975
1,389
1,693
1,892
2,109
2,292
3,097
3,074
Sales/Revenue/Turnover
- -
83.72
80.28
81.93
73.82
62.54
65.54
65.21
65.28
Operating Margin (%)
- -
7
6
6
44
83
91
145
145
Depreciation Expense
- -
1,647
1,105
1,381
1,326
1,098
1,165
1,553
1,552
Net Income, GAAP
- -
- -
- -
- -
- -
- -
9
9
9
Effective Tax Rate (%)
- -
83.36
79.56
81.54
70.06
52.07
50.81
50.16
50.48
Profit Margin (%)
-96
-165
-235
-78
675
824
427
342
766
Working Capital
- -
- -
- -
- -
3,986
3,995
3,998
3,998
3,999
LT Debt
-9
-84
-158
-10
604
663
1,088
1,219
1,588
Total Equity
- -
- -
- -
- -
66.25
29.67
28.7
35.83
32.97
Return on Invested Capital (%)
- -
- -
- -
15,541.77
61.22
29.15
28.91
35.93
33.31
Return on Capital (%)
- -
- -
- -
- -
468.09
184.31
139
139.21
104.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
2
3
LT Borrowings
3,994
3,995
3,996
LT Finance Leases
4
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,500
7,500
7,500
Market Capitalization
45,075
47,625
38,175

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,138
1,473
2,068
Cash, Cash Equivalents & STI
680
1,015
1,612
Accounts Receivable, Net
163
169
169
Inventories
32
30
29
Total Current Liabilities
1,037
1,130
1,303
Payables & Accruals
- -
- -
- -
ST Debt
2
2
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1,219.78%
12.01%
Free Cash Flow
- -
13.27%
42.71%
Net Income, GAAP
- -
8.65%
33.39%
Sales/Revenue/Turnover
- -
17.79%
35.12%
Total Cash Common Dividend
- -
- -
27.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
562
533
546
651
2,292
2025
752
776
748
822
3,097
2026
729
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.04
- -
0.16
2025
0.05
0.05
0.05
- -
0.21
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.07
- -
0.15
2025
- -
- -
0.1
- -
0.19
2026
- -
- -
- -
- -
- -
Similar Companies
Jiangsu Expressway Company Limited (JEXYF)
Shoucheng Holdings Limited (0697.HK)
AJR Infra and Tolling Limited (GAMMNINFRA.NS)
AJR Infra & Tolling Ltd. (AJRINFRA.NS)
Shenzhen Investment Holdings Bay Area Development Company Limited (80737.HK)
Sichuan Expressway Company Limited (601107.SS)
Business
Salik Company P.J.S.C. (SALIK.AE) operates as Dubai's exclusive toll gate operator under a 49-year concession agreement with the Roads and Transport Authority (RTA), designing, constructing, operating, and maintaining free-flow electronic toll gates utilizing radio frequency identification (RFID) technology and automatic number plate recognition (ANPR); offering civil engineering, electrical works, gantry design and manufacturing, system integration, testing, and commissioning services; and providing ancillary digital services including e-wallet payments for parking, fuel, vehicle insurance renewals, and emerging electric vehicle (EV) charging solutions. The company manages 10 toll gates strategically located along key routes such as Sheikh Zayed Road, Al Khail Road, and major bridges including Business Bay Crossing, Al Safa South, Al Barsha, Al Garhoud, and Airport Tunnel, serving commuters and vehicles across Dubai's road network with variable peak (AED 6) and off-peak (AED 4) pricing introduced in January 2025. Incorporated in 2022 and headquartered at Festival Tower, Suite 400, Dubai Festival City, Dubai, United Arab Emirates, Salik focuses on the tolling business segment within the industrials and infrastructure sector, targeting drivers and mobility users primarily in Dubai while expanding ancillary offerings across the UAE. Recent developments include the activation of two new solar-powered toll gates at Business Bay Crossing and Al Safa South in November 2024, increasing the total from eight to 10 and boosting traffic management efficiency; strategic partnerships such as with Emaar Malls for barrier-free parking at Dubai Mall (launched July 2024, generating AED 5.6 million in H1 2025 revenues), Parkonic for e-wallet integration across 73+ UAE parking locations under a five-year agreement, Liva Group for streamlined motor insurance renewals with renewal reminders, ENOC for smart fuel payments via ANPR, and a November 2025 collaboration with Schneider Electric and Vcharge to deploy over 1,800 EV charging points integrated with Salik's e-wallet platform; alongside the rollout of variable toll pricing, enhanced digital channels including an upgraded mobile app and WhatsApp service, and robust financial performance with 9M 2025 revenues of AED 2.28 billion (up 38.6% YoY). These initiatives reflect Salik's strategic shift toward revenue diversification beyond core tolling, sustainable mobility, and digital ecosystem expansion while maintaining operations exclusively within the Emirate of Dubai under government-linked ownership.