Presight growth boosted by international deals as profits and backlog soar.”
Dubai: Presight posted its strongest annual performance since listing, with revenue rising 36.9% to Dh3.03 billion. Growth was fueled by overseas contracts, multi-year government deployments, and strong demand for sovereign AI systems in emerging markets. The results surpassed analyst expectations and reinforced the company’s position in large-scale intelligence infrastructure, as international markets contributed an increasing share of revenue.
Organic growth and strong earnings
Organic revenue rose 25% during the year, reflecting growth from core business activities rather than acquisitions or one-off factors. EBITDA increased 23.5% to Dh785 million, while profit after tax reached Dh665.5 million, despite the full-year impact of the UAE’s 15% corporate tax. Had the previous 9% rate applied, profit would have grown 16.7%.
International markets drive momentum
Revenue outside the UAE surged 130% to Dh1.17 billion, accounting for 38.5% of total income, up from 23% a year earlier. Fourth-quarter figures highlighted the rapid pace of expansion, with international revenue up 55% year on year and making up 46.5% of quarterly turnover. Growth has been strongest in high-growth economies adopting national AI infrastructure platforms.
Strong fourth-quarter performance
Fourth-quarter revenue reached Dh1.29 billion, up 23.6%, while quarterly EBITDA grew 11.3% to Dh407.6 million. Management attributed the results to disciplined execution across major programs and a favourable mix of organic deployments.
Backlog and balance sheet boost outlook
New orders totalled Dh3.4 billion for the year, including Dh979 million in the final quarter. Closing backlog rose 13% to Dh3.4 billion, more than double the level recorded three years ago. A debt-free balance sheet provides the company with flexibility to invest in innovation, talent, and targeted expansion.
Subsidiary contributions and sector expansion
Subsidiary AIQ made a significant contribution following a full year of consolidation, strengthening Presight’s presence in the energy sector—a key driver of future contracts. Multi-year deployments in Jordan, Kazakhstan, and Albania also supported growth while validating the company’s export model.
Guidance points to sustained expansion
Medium-term targets through 2029 aim for annual revenue growth of 20–25%, EBITDA growth of 23–28%, and profit growth of 21–26%. Management expects strong contract visibility, increasing overseas adoption, and sector diversification to maintain momentum.
Since its 2023 listing, Presight has delivered compound annual revenue growth of 25% while sustaining an average EBITDA margin of 27.7%.
