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Salik AED

At a glance: strengths & risks
✓Revenue growing (+35%)✓Profit growing (+33%)

Sector: Toll infrastructure

AE_SALIK

Price chart

5.4 AEDDay -0.00%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
5.4 AED · -0.00%
Market cap
40.5 bn AED

Growth

Δ revenue y/y
-12.0%
Δ EBITDA y/y
-14.1%

Multiples

P/E (LTM)
27.2x
3y avg: 29.6x
P/B (FY)
33.2x
P/E (ann.)
30.2x
EV/EBITDA (LTM)
21.6x
3y avg: 24.2x
EV/EBITDA (ann.)
23.7x

Cash return

Dividend yield
2.2%
FCF yield (LTM)
-0.6%

Value creation

fundamental value/yr, % of market cap
Value created / year
-13.7%
↓ details

Liquidity

Daily turnover (listing)
44.5 mln AED

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M AED, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM AEDOperating profitM AEDD&AM AEDEBITDAM AEDNet profitM AEDOperating CFM AEDCapex + M&AM AEDAssetsM AEDEquityM AEDROE (annualized)Net debtM AEDSource
2026-06-30Q2 2026 (3M)OK683.0
y/y -12.0%
432.1
y/y -15.1%
36.1
y/y 0.2%
468.2
y/y -14.1%
334.8
y/y -16.4%
-721.9—7393.0
y/y -8.5%
1587.9
y/y 28.2%
84.3%3862.2Link
2026-03-31Q1 2026 (3M)OK728.9
y/y -3.0%
470.9
y/y -2.6%
36.0
y/y 0.1%
506.9
y/y -2.4%
369.3
y/y -0.4%
636.5—8430.3
y/y -0.8%
1587.9
y/y 8.9%
105.3%2384.5Link
2025-12-31Q4 2025 (3M)OK821.9
y/y 26.3%
523.9
y/y 20.0%
36.0
y/y 31.6%
560.0
y/y 20.7%
409.6
y/y 19.6%
610.9-1.17871.5
y/y -1.4%
1218.7
y/y 12.0%
153.2%3482.2Link
2025-09-30Q3 2025 (3M)OK747.7
y/y 36.9%
482.5
y/y 35.9%
36.0
y/y 68.7%
518.6
y/y 37.7%
372.9
y/y 34.5%
359.9247.07570.3
y/y 49.6%
809.1
y/y 107.5%
48.6%3568.5Link
2025-06-30Q2 2025 (3M)OK775.7
y/y 45.6%
509.2
y/y 49.6%
36.0
y/y 71.2%
545.2
y/y 50.8%
400.2
y/y 49.6%
485.0250.58077.3
y/y 53.7%
1239.0
y/y 88.5%
118.7%3613.3Link
2025-03-31Q1 2025 (3M)OK751.6
y/y 33.7%
483.5
y/y 35.8%
36.0
y/y 71.4%
519.5
y/y 37.8%
370.6
y/y 33.7%
626.7-497.58494.4
y/y 53.5%
1458.6
y/y 55.2%
116.4%2951.5Link
2024-12-31Q4 2024 (3M)OK651.0
y/y 15.6%
436.5
y/y 26.5%
27.4
y/y 30.3%
463.9
y/y 26.7%
342.5
y/y 16.0%
402.60.07985.9
y/y 52.9%
1088.0
y/y 64.2%
157.6%3028.3Link
2024-09-30Q3 2024 (3M)OK546.1
y/y 7.3%
355.2
y/y 14.7%
21.4
y/y 2.3%
376.5
y/y 13.9%
277.3
y/y 8.8%
370.32.85059.2
y/y 3.3%
389.8
y/y 6.1%
70.6%3154.6Link
2024-06-30Q2 2024 (3M)OK532.7
y/y 3.1%
340.4
y/y 4.7%
21.0
y/y 1.8%
361.5
y/y 4.5%
267.5
y/y -1.9%
336.6-2.85253.6
y/y 1.5%
657.3
y/y -0.5%
134.0%3538.1Link
2024-03-31Q1 2024 (3M)OK562.1
y/y 8.1%
355.9
y/y 8.8%
21.0
y/y 3.0%
376.9
y/y 8.4%
277.3
y/y 0.7%
353.60.05532.8
y/y 2.9%
939.8
y/y 6.9%
138.4%3264.8Link
2023-12-31Q4 2023 (3M)OK563.0
y/y —
345.1
y/y —
21.0
y/y —
366.1
y/y —
295.3
y/y —
408.7-249.15223.8
y/y —
662.5
y/y —
213.2%3722.6Link
2023-09-30Q3 2023 (3M)OK508.8
y/y —
309.6
y/y —
20.9
y/y —
330.4
y/y —
254.8
y/y —
363.2-4.44895.4
y/y —
367.3
y/y —
66.1%3820.9Link
2023-06-30Q2 2023 (3M)OK516.7
y/y —
325.2
y/y —
20.7
y/y —
345.9
y/y —
272.7
y/y —
357.30.05177.9
y/y —
660.4
y/y —
141.7%3076.9Link
2023-03-31Q1 2023 (3M)OK520.1
y/y —
327.2
y/y —
20.4
y/y —
347.6
y/y —
275.3
y/y —
325.1-0.15379.3
y/y —
879.2
y/y —
—2889.8Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AED mln)

02004006008002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-20%0%20%40%60%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (AED mln)

-1 000-50005001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (AED mln)

01 0002 0003 0004 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2022–2025 operating cash flow came to 1.29x of reported net profit; after capex, 1.29x.
year2022202320242025
cash flow / profit1.14x1.32x1.26x1.34x
accruals, % of assets-3.6%-6.8%-3.7%-6.7%
Last twelve months (to 2026-06-30): 1.41x of profit came back as operating cash flow.
net debt / EBITDA 1.6x · capex 0.0x of depreciation
● Capex is 3% of depreciation - the asset base is being consumed faster than replaced.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -13.8%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (468 − 545) × 4.39
-338
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (40 500 + 3 862) ÷ 2 054
21.6x
3. Target multiple
(Current EV/EBITDA + 10) ÷ 2
= (21.6 + 10) ÷ 2
15.8x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -249 + 0 + 0 − 0
-249
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-338 × 15.8 + -249) ÷ 40 500
-13.8%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • FCF (LTM) approximated by latest FY (ended 2025-12-31, before the latest reported period 2026-06-30)
  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +35% vs +9% the year before — a +26.4 pp move. 3-year CAGR +18%.
revenue growth by year: 2023 +11% · 2024 +9% · 2025 +35%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-04-170.1187 AEDEx-dividend: 0.1187 AED per sharePaidYahoo Finance (ex-div)
2025-08-220.1028 AEDEx-dividend: 0.1028 AED per sharePaidYahoo Finance (ex-div)
2025-04-180.0826 AEDEx-dividend: 0.0826 AED per sharePaidYahoo Finance (ex-div)
2024-08-220.0726 AEDEx-dividend: 0.0726 AED per sharePaidYahoo Finance (ex-div)
2024-04-050.0733 AEDEx-dividend: 0.0733 AED per sharePaidYahoo Finance (ex-div)
2023-08-180.0731 AEDEx-dividend: 0.0731 AED per sharePaidYahoo Finance (ex-div)
2023-04-140.0655 AEDEx-dividend: 0.0655 AED per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.dfm.ae/issuers/listed-securities/securities/company-profile-page?securitysymbol=SALIK

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Salik — from primary filings.

Frequently asked questions

What is Salik's P/E ratio?
Salik trades at a P/E of 27.2x (price to trailing 12-month earnings).
What is Salik's EV/EBITDA?
Salik trades at 21.6x EV/EBITDA.
What is Salik's P/B ratio?
Salik trades at a P/B of 33.2x.
What is Salik's dividend yield?
Salik's trailing 12-month dividend yield is 2.2%.
What is Salik's return on equity (ROE)?
Salik's ROE is 84.3%.
What is Salik's market capitalization?
Salik's market cap is 40.5 bn AED.

See also: UAE Stocks (2026): Tax-Free Dividends in Dubai and Abu Dhabi · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map