Abu Dhabi:Presight AI Holding PLC, a global leader in applied intelligence for smart systems and listed on the Abu Dhabi Securities Exchange, has reported a significant increase in its financial performance for the third quarter of 2026. The company saw a 31 percent rise in net profit after tax, reaching AED144.5 million.
According to Emirates News Agency, the company's net profit for the first nine months of 2026 rose by 23.5 percent to AED395.2 million. This growth was attributed to a favorable revenue mix and disciplined cost management. The third-quarter revenue increased by 14.7 percent year-on-year to AED749.2 million, supported by national-scale public safety programs and the ENERGYai platform's deployment across ADNOC's upstream operations.
The company's EBITDA also showed robust growth, increasing by 27.7 percent to AED168.3 million, with the EBITDA margin expanding from 20.2 percent to 22.5 percent compared to the third quarter of 2025. For the first nine months, revenue grew by 23.6 percent to AED2.15 billion, and EBITDA increased by 24.8 percent to AED471 million.
AIQ, a division of Presight, generated AED184.9 million in revenue, accounting for 24.7 percent of the group's third-quarter revenue. The company's growth was further bolstered by multi-year projects in various regions, including Kazakhstan, Albania, Jordan, and Africa. Multi-year contracts comprised 98.7 percent of the third-quarter revenue.
Presight's order backlog rose by 19.4 percent year-on-year to AED4.41 billion as of September 30, 2026. The company maintained a debt-free balance sheet, holding AED2 billion in cash and cash equivalents. It strengthened its government partnerships in the UAE, supporting Abu Dhabi's transition towards an AI-native government model.
The company signed new agreements to enhance public safety and security, along with a strategic cooperation agreement with the Abu Dhabi Hazardous Materials Management Centre. Presight also hosted the inaugural Future Forum in Abu Dhabi, featuring 12 international AI companies.
Internationally, Presight expanded its footprint with agreements in Kazakhstan, South Korea, and Greece, aligning with its strategy to address complex national and industry challenges. CEO Thomas Pramotedham emphasized disciplined operational and financial execution as key to delivering strong results and expanding technologies locally and internationally. The company anticipates its 2026 financial results to align with the mid-to-upper range of analysts' expectations and reaffirmed its medium-term organic growth targets through 2029.