Presight Q3 profit rises 31% to Dh144.5m as backlog hits Dh4.4bn
Revenue grew 14.7% to Dh749.2m in the three months to September with multi-year contracts accounting for 98.7% of the quarter.
Presight AI Holding reported profit after tax of Dh144.5 million for the three months ended 30 September 2026, a 31 per cent increase from the same quarter a year earlier. Revenue for the period reached Dh749.2 million, up 14.7 per cent. Ebitda rose 27.7 per cent to Dh168.3 million, lifting the margin to 22.5 per cent from 20.2 per cent in the prior-year quarter.
Nine-month results and backlog#
Revenue for the nine months to September totalled Dh2.15 billion, a 23.6 per cent increase. Ebitda for the period came in at Dh471.0 million, up 24.8 per cent, while profit after tax reached Dh395.2 million, a 23.5 per cent gain. The company's order backlog at 30 September stood at Dh4.41 billion, 19.4 per cent higher than a year earlier. Multi-year contracts generated 98.7 per cent of Q3 revenue, up from 76.3 per cent in the corresponding quarter of 2025. The company holds no debt and reported Dh2 billion in cash and equivalents.
Revenue drivers and AIQ contribution#
The quarter's revenue was driven by national-scale public safety programmes that were renewed during Q2 and subsequently rolled out. AIQ's Energyai platform deployment across Adnoc's upstream operations continued to contribute, alongside multi-year contracts in Kazakhstan, Albania, Jordan and Africa. AIQ generated Dh184.9 million, or 24.7 per cent of the group's quarterly revenue. Presight signed two new UAE government agreements for public safety and security work. The company also entered a strategic co-operation agreement with Abu Dhabi Hazardous Materials Management Centre, under which it will deploy agentic AI for risk detection, operational monitoring and decision support.
Full-year outlook#
Presight expects its 2026 financial year revenue, Ebitda and profit after tax to fall within the mid-to-upper range of analyst forecasts. Thomas Pramotedham, CEO of Presight, said the company is focused on deepening its presence in established markets while expanding into new geographies. The company reported that multi-year contracts now form a larger share of revenue than in the prior year, with the backlog rising by nearly one-fifth year-on-year.
Sources1 source across 1 domain
- khaleejtimes.comKhaleej TimesQ3 profit after tax of Dh144.5 million, up 31% year-on-year, revenue of Dh749.2 million, Ebitda of Dh168.3 million, nine-month figures, order backlog of Dh4.41 billion, AIQ contribution of Dh184.9 million, and full-year outlook
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