# Presight AI Reports 31% Profit Surge Amid Strong Order Backlog The firm achieved Dh144.5 million in quarterly profit driven by AI contract growth. - **Source:** [Khaleej Times](https://www.khaleejtimes.com) - **Published:** 2026-11-11 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/e88e7f15-db7c-4431-ae26-679b6f452a54 ## Quarterly Profit Growth Presight AI Holding reported a 31 percent year-on-year increase in third-quarter profit after tax, reaching Dh144.5 million. This financial performance was supported by a 14.7 percent rise in revenue to Dh749.2 million. The company successfully improved its Ebitda margin to 22.5 percent, up from 20.2 percent during the same period last year. ## Strong Order Backlog The company's order backlog reached Dh4.41 billion by the end of September, marking a 19.4 percent increase compared to the previous year. Multi-year contracts now represent 98.7 percent of total quarterly revenue. This shift indicates a significant transition from 76.3 percent reliance on such long-term agreements recorded just one year earlier. ## Nine-Month Financial Performance For the first nine months of 2026, Presight recorded a revenue of Dh2.15 billion, reflecting a 23.6 percent growth. Profit after tax for this period grew by 23.5 percent to reach Dh395.2 million. Meanwhile, Ebitda increased by 24.8 percent to Dh471.0 million, demonstrating consistent operational efficiency across the three quarters reported. ## Debt-Free Balance Sheet Presight maintains a robust financial position as a debt-free organization. The company currently holds Dh2 billion in cash and cash equivalents, providing significant liquidity for future operations. This capital strength supports their ongoing strategy of disciplined execution and responsible innovation while maintaining a clear commitment to long-term shareholder value creation. ## Strategic AI Deployments Growth was driven by the rollout of national-scale public safety programs and the continued deployment of the Energyai platform across Adnoc’s upstream operations. AIQ contributed Dh184.9 million to the group revenue, accounting for 24.7 percent of the total. These projects highlight the company's ability to integrate complex AI solutions into industrial operations. ## International Market Expansion Beyond the UAE, Presight is deepening its presence in established markets while expanding into new geographies. The company is currently executing multi-year work in Kazakhstan, Albania, Jordan, and various regions across Africa. This international strategy aims to address complex national and industry challenges by applying their specialized AI capabilities in diverse environments. ## New Government Agreements In the UAE, Presight secured two new government agreements focused on public safety and security. Additionally, the firm signed a strategic cooperation agreement with the Abu Dhabi Hazardous Materials Management Centre. This partnership involves deploying agentic AI for risk detection, operational monitoring, and decision-making, further embedding their technology into critical national infrastructure. ## Future Financial Outlook Looking ahead to the full 2026 financial year, Presight management expects revenue, Ebitda, and profit after tax to land in the mid-to-upper end of analyst expectations. The company continues to leverage trust built through national-scale programs to identify new opportunities in government sectors, ensuring a sustained growth trajectory for the coming periods. ## Sources covering this story - https://www.khaleejtimes.com/business/presights-quarterly-profit-jumps-31-as-order-backlog-climbs-to-dh44-billion — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._