Presight Nine-Month Profit Rises 23.5% as Order Backlog Reaches Dh4.41 Billion

EBITDA for the nine months increased 24.8 per cent to Dh471.0 million, the company said in its results statement on November 11.

The third quarter showed a shift in the shape of Presight's growth. Revenue rose 14.7 per cent from a year earlier to Dh749.2 million, a slower pace than the 36.1 per cent increase the company reported for the second quarter. Profit grew faster than sales: EBITDA climbed 27.7 per cent to Dh168.3 million, lifting the EBITDA margin to 22.5 per cent from 20.2 per cent, and profit after tax rose 31.0 per cent to Dh144.5 million.

AIQ, the energy-focused AI business that sits inside the group, contributed Dh184.9 million, or 24.7 per cent of third-quarter revenue.

Presight's order backlog stood at Dh4.41 billion at September 30, up 19.4 per cent from a year earlier. The company said it has no debt and held Dh2.0 billion in cash and cash equivalents.

The nine-month revenue growth rate sits inside the medium-term range the company set for 2025 to 2029, which it reiterated with the results: compound annual growth of 20 to 25 per cent in revenue, 23 to 28 per cent in EBITDA and 21 to 26 per cent in profit after tax. For the full 2026 financial year, Presight said it expects revenue, EBITDA and profit after tax to come in within the mid-to-upper end of analyst expectations.

The company listed new business at home and abroad during the period. In the UAE it signed two government agreements covering public safety and security, and a cooperation agreement with the Abu Dhabi Hazardous Materials Management Centre on agentic AI.

Kazakhstan was its most active international market. Presight signed a memorandum of understanding with the country's Ministry of AI and Kazakhtelecom, a letter of intent with the Ministry of Transport, and a long-term contract for a Digital Smart Airport Astana platform at Nursultan Nazarbayev International Airport. It also signed memorandums with South Korea's Gyeonggido Business and Science Accelerator and Dtonic Corporation, and in October with Greece's Ministry of Digital Governance on urban analytics and smart-city applications.

AIQ completed its first international commercial deployment, in India, and is running pilots in eight other markets outside the UAE. Its Genesis product is being piloted in Kuwait, India, Malaysia and Vietnam.

Chief executive Thomas Pramotedham said the company would "remain confident in our growth trajectory", pointing to disciplined execution and long-term value for shareholders.

Most of the international agreements announced so far are memorandums, letters of intent and pilots rather than signed contracts, so the next test for investors is how many of them reach the order backlog in the fourth quarter.