Presight AI Holding

1. Company Overview & Earnings Context

Presight AI Holding (ADX: PRESIGHT) is an Abu Dhabi Securities Exchange-listed AI and big data analytics company focused on applied and sovereign AI solutions across public services, energy, finance, smart cities and other sectors.

Presight delivered strong growth in H1 2026, supported by continued demand for sovereign AI solutions in the UAE, effective conversion of its order backlog and growing international operations. The company also maintained a high proportion of recurring, multi-year business, providing strong revenue visibility.

2. Financial Performance Snapshot

• Revenue: AED 1.40 Billion (+28.9% YoY)

• EBITDA: AED 302.7 Million (+23.2% YoY)

• Profit Before Tax: AED 293.6 Million (+19.5% YoY)

• Profit After Tax: AED 250.7 Million (+19.5% YoY)

• Earnings Per Share (EPS): AED 0.039, versus AED 0.033

• EBITDA Margin: 21.6%

• Profit After Tax Margin: 17.9%

Compared with H1 2025:

• Revenue increased from AED 1.09 billion to AED 1.40 billion.

• EBITDA increased from AED 245.6 million to AED 302.7 million.

• Profit before tax increased from AED 245.6 million to AED 293.6 million.

• Profit after tax increased from AED 209.8 million to AED 250.7 million.

• EPS increased from AED 0.033 to AED 0.039.

3. Operational Highlights & Key Metrics

• Domestic Revenue: AED 1.03 Billion

• International Revenue: AED 374.3 Million

• International Revenue Growth: +39.9% YoY

• International Share of Revenue: 26.7%

• Multi-Year Revenue: 94.6% of H1 revenue

• New Orders: AED 2.90 Billion

• Order Backlog: AED 4.88 Billion

• Cash & Cash Equivalents: AED 2.0 Billion

• Outstanding Debt: Zero

The company's order backlog reached AED 4.88 billion at the end of June 2026, representing growth of 33.5% YoY and 44.3% since December 2025, despite converting AED 1.4 billion of backlog into revenue during H1.

4. Key Performance Drivers

Growth was supported by strong execution across both Presight's domestic and international businesses. In the UAE, the company benefited from the conversion of existing backlog, renewal of major national platforms and new contract wins across public safety, non-kinetic defence, mobility, customs, audit and SME enablement. Presight recorded a 100% renewal rate across key national-level programmes.

International operations continued to expand rapidly, with H1 international revenue increasing 39.9% YoY to AED 374.3 million. Growth was supported by multi-year deployments across markets including Kazakhstan, Albania, Jordan and Africa.

AIQ also made a significant contribution to Presight's results, accounting for AED 419.5 million, or 29.9%, of H1 Group revenue, and AED 95.8 million, or 31.7%, of Group EBITDA.

5. Outlook & Forward Guidance

Presight maintained its medium-term growth guidance for the 2025–2029 period:

• Revenue CAGR: 20%–25%

• EBITDA CAGR: 23%–28%

• Profit After Tax CAGR: 21%–26%

Management stated that current trading remains in line with its full-year expectations, supported by the company's robust backlog, high proportion of multi-year contracts and continued momentum across international markets.

Presight is also continuing to expand internationally while strengthening its position as a sovereign AI partner in the UAE. During Q2, the company renewed and secured agreements with UAE federal and state-owned entities with a total contract value of AED 2.48 billion.

6. Investor Takeaway

Presight delivered a strong H1 2026, with revenue growing 28.9%, EBITDA 23.2% and profit after tax 19.5% YoY. The company's growth is supported by a combination of its established UAE sovereign AI business and rapidly expanding international operations.

A particularly notable strength is revenue visibility: 94.6% of H1 revenue came from multi-year contracts, while the order backlog reached AED 4.88 billion. Presight also ended the period with AED 2.0 billion in cash and no outstanding debt, providing significant financial flexibility for future growth.

International revenue growth of 39.9% YoY provides another growth avenue and increases geographic diversification. However, investors may also monitor profitability margins, with H1 EBITDA margin declining from 22.6% to 21.6% and profit-after-tax margin declining from 19.3% to 17.9%, despite strong absolute earnings growth.