Salik Estimates Updated as United Securities Notes Q2 Results; Hold Retained

04:58 AM EDT, 08/13/2026 (MT Newswires) -- United Securities LLC updated its earnings forecasts for Salik (DFM:SALIK) as analysts took note of the company's second-quarter results and full-year guidance. "For 2026e, Management retains its earlier guidance of revenue growth of -3 to 0%, EBITDA margins of 67.5-68.5%, and net margins of 49.5-50.5%. Revenue, profitability and overall margins outperformed our projections due to better-than-expected traffic momentum. Accordingly, we raise our 2026e revenue forecast to AED 3bn (from AED 2.8bn) and increase our net profit to AED 1.5bn (from AED 1.4bn). However, given the persistent geopolitical tensions, we retain our target price of AED 5.80, implying an upside of 9.4% and maintain our HOLD rating," analysts said in a Wednesday note. For the second quarter, the tollgate operator logged a 16.4% annual decline in net profit to 335 million Emirati dirhams, above United Securities' estimate. Revenue decreased 12% year over year to 683 million dirhams, 10% higher than the research firm's projection.