Presight Q2 profit jumps 30% to Dh116.8 million as AI contracts build
Dubai: Presight reported a 30.2% year-on-year increase in second-quarter profit after tax to Dh116.8 million, helped by higher revenue and a record Dh2.5 billion in domestic renewals and new agreements. Revenue for the three months ended June 30 rose 36.1% to Dh713.2 million, while EBITDA increased 37.4% to Dh143.7 million. Get…
Dubai-based Presight, an AI and big data analytics firm, reported a 30.2% increase in Q2 profit after tax to Dh116.8 million. Revenue rose 36.1% to Dh713.2 million, with EBITDA increasing 37.4% to Dh143.7 million. The company's strong performance this quarter is attributed to its growing backlog of Dh4.9 billion, up 44.3% year-to-date.
Domestic contracts, driven by renewals of major national-level programs and new agreements, accounted for Dh2.5 billion in the quarter. Thomas Pramotedham, CEO of Presight, stated that the company's Q2 and H1 2026 performance demonstrates the durability of its growth model. International revenue increased by 19.1% and 39.9% year-on-year and H1 2026, respectively, contributing 26.7% of group revenue in H1 2026.
Overseas markets generated 26.7% of group revenue, up from 24.6% a year earlier. Presight also added new engagements in Kazakhstan and Montenegro, while AIQ advanced pilots in three new international markets. The company closed June with Dh2 billion in cash and cash equivalents and remained debt-free, with positive operating cash flow of Dh14.3 million.
Presight plans to deepen its leadership in the UAE, expand internationally, and advance next-generation AI solutions, with medium-term guidance of 20% to 25% revenue compound annual growth, 23% to 28% EBITDA growth, and 21% to 26% profit after tax growth between 2025 and 2029.
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