Presight's Third-Quarter Profit Rises 31% as Order Backlog Reaches Dh4.41 Billion

Revenue for the three months to September 30 rose 14.7 per cent to Dh749.2 million, the Abu Dhabi-listed company reported on November 11. Earnings before interest, tax, depreciation and amortisation climbed 27.7 per cent to Dh168.3 million, and the EBITDA margin widened to 22.5 per cent from 20.2 per cent a year earlier.

Presight is one of the few listed companies in the Gulf whose business is mainly AI and big-data analytics. Most of that work is for governments and state-linked energy groups. Its order book shows how much of the region's public AI spending has already been signed: the backlog stood at Dh4.41 billion at the end of September, up 19.4 per cent from a year earlier. Multi-year contracts made up 98.7 per cent of third-quarter revenue, up from 76.3 per cent, according to figures reported by Khaleej Times.

In its earnings-call coverage, Investing.com said revenue came in ahead of analysts' forecasts and that the shares rose.

The year-on-year comparison is flattered by a weak base. In the third quarter of 2025, profit was Dh110.3 million, and a higher corporate tax charge held growth to 1.1 per cent.

For the first nine months of 2026, revenue rose 23.6 per cent to Dh2.15 billion, EBITDA grew 24.8 per cent to Dh471.0 million and profit after tax rose 23.5 per cent to Dh395.2 million. The company has no debt and held Dh2 billion in cash and cash equivalents.

AIQ, Presight's energy AI venture with ADNOC, contributed Dh184.9 million, or 24.7 per cent of group revenue in the quarter. The company said growth came from renewed national public safety programmes, the roll-out of AIQ's Energyai platform across ADNOC's upstream operations, and multi-year work in Kazakhstan, Albania, Jordan and Africa.

During the quarter, Presight signed two new agreements with UAE government entities covering public safety and security. It also agreed to work with the Abu Dhabi Hazardous Materials Management Centre on using agentic AI to detect and monitor risks. Khaleej Times also cited new agreements in South Korea and Greece but gave no details.

Chief executive Thomas Pramotedham credited the UAE business to "the trust we have built through delivering national-scale AI programmes". He said the company remains "confident in our growth trajectory, underpinned by disciplined execution".

For the 2026 financial year, Presight expects revenue, EBITDA and profit after tax to land in the "mid-to-upper end of analyst expectations". To reach the top of that range, the fourth quarter will need to beat the Dh749.2 million booked in the third.