Dubai’s toll-gate operator Salik reported a strong third quarter, with net profit rising 9% to 277.3 million dirhams ($76 million) due to high business activity in the city. This figure exceeded analysts' expectations, which averaged 273.2 million dirhams according to LSEG data. Revenue for the quarter reached AED 546 million, up from AED 505.8 million during the same period last year.

Looking ahead, Salik projects revenue growth of 25-26% for FY 2025, factoring in the launch of two new gates scheduled for November 24, 2024. The company has maintained its FY 2024 guidance, anticipating a 7-8% increase in total revenue and revenue-generating trips.