Finance & Capital Market

Presight 9M profit after tax 23.5%, revenue up 23.6% to $590m

Abu Dhabi
Presight 9M profit after tax 23.5%, revenue up 23.6% to $590m
A Presight result infographic

Presight AI Holding nine-month (9M) revenue rose 23.6% to AED2.15 billion ($590 million), EBITDA increased 24.8% to AED471.0 million and profit after tax grew 23.5% to AED395.2 million.

In Q3-2026, Presight reported revenue growth of 14.7% year-on-year to AED749.2 million, while EBITDA rose 27.7% to AED168.3 million and profit after tax increased 31.0% to AED144.5 million. 

Third-quarter revenue growth was supported by the deployment of national-scale public safety programmes renewed in Q2-2026, the continued rollout by AIQ of the ENERGYai platform across Adnoc’s upstream operations, and ongoing multi-year engagements in Kazakhstan, Albania, Jordan, and Africa. AIQ contributed revenue of AED184.9 million, representing 24.7% of group revenue in Q3-2026. 

Favourable revenue mix

A favourable revenue mix across Presight and AIQ, together with continued cost discipline, supported an EBITDA margin expansion to 22.5% in Q3-2026, up from 20.2% in Q3-2025.

Thomas Pramotedham, Chief Executive Officer of Presight, said: “Our disciplined operational and financial execution positions us well to deliver a strong full-year performance. In the UAE, the trust we have built through delivering national-scale AI programmes is creating opportunities to bring our technologies into new areas of government and critical infrastructure. Internationally, our strategy is focused on deepening our presence in established markets while expanding into new geographies where our applied AI capabilities can address complex national and industry challenges. Looking ahead, we remain confident in our growth trajectory, underpinned by disciplined execution, responsible innovation and a clear commitment to long-term shareholder value.”

The company’s revenue base continued to benefit from long-duration customer engagements, with multi-year contracts accounting for 98.7% of Q3-2026 revenue, compared with 76.3% a year earlier. 

Order backlog

Order backlog stood at AED4.41 billion at 30 September 2026 (up 19.4% year-on-year) and Presight maintained a debt-free balance sheet with AED2.0 billion in cash and cash equivalents.

Presight continued to strengthen its position as a trusted sovereign AI partner to UAE government and state-owned entities, advancing the deployment of AI across mission-critical public services and operations. 

Building on its established relationships and experience delivering national-scale programmes, the company is expanding its sovereign and agentic AI capabilities to address increasingly complex government and enterprise requirements, reinforcing its role in Abu Dhabi's transition towards AI-native government.

In the UAE, Presight secured two new government agreements to deploy advanced technologies and intelligent solutions in support of public safety and security initiatives. The company also entered a strategic co-operation agreement with the Abu Dhabi Hazardous Materials Management Centre to deploy agentic AI capabilities designed to strengthen risk detection, operational monitoring and decision-making in hazardous materials management.

Global reach

Internationally, Presight deepened government relationships in Kazakhstan through a memorandum of understanding with the Ministry of AI and Kazakhtelecom to explore national digital infrastructure, and a letter of intent with the Ministry of Transport to evaluate a sovereign AI-powered national intelligence platform. It also secured a long-term contract with Nursultan Nazarbayev International Airport to develop and operate the Digital Smart Airport Astana platform, supporting the modernisation of airport operations, security and passenger services. 

In South Korea, one of the world's most advanced technology markets, Presight signed memoranda of understanding with Gyeonggido Business & Science Accelerator and Dtonic Corporation to explore cross-border AI collaboration, smart-city initiatives and AI-enabled data infrastructure.  

Additionally, Presight signed a memorandum of understanding with Greece’s Ministry of Digital Governance in October 2026 to explore AI-powered urban analytics and real-time intelligence capabilities for municipal waste management and water network monitoring, alongside broader smart-city and public transport safety applications. 

The initiative supports Presight’s land-and-expand approach in the Balkans and provides an opportunity to demonstrate the growing maturity and applicability of its solutions in developed, EU-regulated markets. Moreover, AIQ commenced its first international commercial deployment in India and progressed pilot programmes in eight additional markets outside of the UAE.

 AI innovation ecosystem

The company also continued to strengthen its AI innovation ecosystem through the inaugural Future Forum in Abu Dhabi, bringing together 12 international AI companies from the second cohort of its FutureSight accelerator to explore opportunities for commercialising emerging technologies. Meanwhile, AIQ advanced Genesis, its AI-native operating system designed to orchestrate AI agents, data and workflows across the energy value chain, with pilot deployments progressing in Kuwait, India, Malaysia and Vietnam.

For FY2026, Presight anticipates revenue, EBITDA and profit after tax to be within the mid-to-upper end of analyst expectations. The company also reiterates its medium-term 2025-2029 targets for organic growth of 20%-25% revenue CAGR, 23%-28% EBITDA CAGR, and 21%-26% profit after tax CAGR.—TradeArabia News Service