UAE-based Presight AI Holding reported a 31% year-on-year increase in third-quarter profit after tax to AED 144.5 million ($39.35 million), while revenue grew 14.7% to AED 749.2 million ($204 million).
EBITDA rose 27.7% to AED 168.3 million, lifting the margin to 22.5% from 20.2% a year earlier. The company said growth was supported by UAE public safety programmes and AIQ’s rollout of its ENERGYai platform across ADNOC’s upstream operations.
For the first nine months of 2026, revenue increased 23.6% to AED 2.15 billion ($590 million), EBITDA climbed 24.8% to AED 471 million, and profit after tax rose 23.5% to AED 395.2 million.
Presight’s order backlog stood at AED 4.41 billion ($1.2 billion) at the end of September, up 19.4% year-on-year. The G42 group company said it had AED 2 billion in cash and no debt.
AIQ generated AED 184.9 million in third-quarter revenue, or 24.7% of group income. Presight also reported new agreements and expansion activity in South Korea, Greece, Kazakhstan and India, where AIQ began its first international commercial deployment.
The company expects full-year revenue, EBITDA and profit after tax to land in the mid-to-upper end of analyst expectations and reiterated its 2025-2029 growth targets.
Source: Middle East AI News
