Salik reported a net profit of AED 369.3 million for the first quarter ended 31 March 2026, representing a marginal 0.4% year-on-year decrease from the AED 370.6 million recorded in the same period of 2025.
Revenue for the three-month period reached AED 728.9 million, down 3.0% from AED 751.6 million in the prior-year quarter, while basic and diluted earnings per share remained stable at AED 0.05.
Profitability was supported by a reduction in total expenses, including a decrease in finance costs to AED 69.5 million from AED 79.8 million and lower concession fee expenses of AED 144.6 million compared to AED 149.8 million YoY.
The company saw improved credit performance as impairment losses on trade receivables fell to AED 9.4 million from AED 12.5 million, helping to offset the slight top-line decline and the impact of the newly applied AED 36.5 million income tax expense.
Qatar Index10,479.80-0.4%
DFM Index5,750.20-0.6%
TASI11,039.540.0%
Emirates NBD28.14-0.4%
Dubai Electricity & Water Authority2.76-0.7%
EMAAR11.90+0.2%
EMAARDEV14.06-0.6%
ADNOC GAS3.30+0.6%
First Abu Dhabi Bank17.10+2.0%
Emirates Telecom18.84-0.7%
Abu Dhabi Commercial Bank13.84+0.1%
ALRAJHI66.05+0.2%
MAADEN64.80-1.7%
SNB38.86+0.9%
SABIC61.45+0.3%
Boubyan Bank0.67+0.6%
Burgan Bank0.19+0.5%
GULF BANK0.34-0.3%
Commercial Bank Of Kuwait0.49-1.0%
QNB17.37-0.7%
Industries Qatar12.16-0.1%
Qatar Islamic Bank21.98-0.5%
Ooredoo13.36+0.4%