Presight AI charts ambitious expansion as third-quarter profits surge 31 percent

The Abu Dhabi-listed applied intelligence company strengthens its position as a sovereign AI leader, posting robust nine-month results and accelerating international expansion across government and critical infrastructure sectors.

Presight AI Holding PLC, the applied intelligence enterprise listed on the Abu Dhabi Securities Exchange, has delivered a compelling demonstration of disciplined execution and strategic clarity. For the third quarter of 2026, net profit after tax reached AED144.5 million, representing a 31 percent increase year-on-year. Over the first nine months of the year, profit rose 23.5 percent to AED395.2 million, underscored by a favourable revenue mix and rigorous cost management.

The company’s third-quarter revenue climbed 14.7 percent to AED749.2 million, propelled by national-scale public safety programmes renewed in the second quarter and the continuing deployment of AIQ’s ENERGYai platform across ADNOC’s upstream operations. EBITDA expanded 27.7 percent to AED168.3 million, with the margin widening to 22.5 percent from 20.2 percent in the corresponding quarter of 2025. For the nine-month period, revenue grew 23.6 percent to AED2.15 billion, whilst EBITDA increased 24.8 percent to AED471 million.

Notably, multi-year contracts now account for 98.7 percent of third-quarter revenue, a striking shift from 76.3 percent in the same quarter last year, reflecting the company’s deepening client relationships and revenue visibility. AIQ, the energy sector specialist within the group, generated AED184.9 million in revenue during the quarter, representing 24.7 percent of group revenue. Growth was further supported by ongoing multi-year projects spanning Kazakhstan, Albania, Jordan and Africa.

The order backlog expanded 19.4 percent year-on-year to AED4.41 billion as of 30th September, 2026, whilst the company maintained a fortress balance sheet: debt-free with AED2 billion in cash and cash equivalents. This financial resilience positions Presight to pursue its strategic ambitions without constraint.

Within the UAE, Presight has deepened its partnership ecosystem in support of the Abu Dhabi Government’s transition towards an AI-native model by strengthening its sovereign and agentic AI capabilities, including a strategic cooperation agreement with the Abu Dhabi Hazardous Materials Management Centre. The company also signed two new government agreements supporting public safety and security initiatives, and convened the inaugural Future Forum in Abu Dhabi, gathering 12 international AI companies from the second cohort of its FutureSight accelerator.

Internationally, the expansion has been vigorous. In Kazakhstan, Presight signed a memorandum of understanding with the Ministry of Artificial Intelligence and Kazakhtelecom, a letter of intent with the Ministry of Transport, and a long-term contract with Nursultan Nazarbayev International Airport to develop and operate the Digital Smart Airport Astana platform. In the Republic of Korea, it signed memoranda of understanding with the Gyeonggido Business & Science Accelerator and Dtonic Corporation. In October, Presight signed a memorandum of understanding with Greece’s Ministry of Digital Governance, advancing its strategy across the Balkans and European Union-regulated markets.

AIQ is advancing Genesis, its AI-native operating system for the energy sector, with pilot deployments progressing in Kuwait, India, Malaysia and Vietnam, and has commenced its first international commercial deployment in India whilst progressing pilot programmes across eight additional markets beyond the UAE.

What it means for Abu Dhabi

Presight’s robust performance reflects the capital’s emergence as a pole of attraction for advanced technology enterprises. The company’s deepening partnership with Abu Dhabi’s government institutions, particularly through expanded AI capabilities supporting public safety and hazardous materials management, demonstrates how sovereign technology development is being woven into the fabric of critical infrastructure and governance. The acceleration of multi-year contract revenue signals institutional confidence in Presight’s capabilities and solutions.

The international expansion, particularly across strategic markets in Central Asia, Europe and the Far East, carries significance beyond the company’s own fortunes. Presight is positioning Abu Dhabi as an exporter of sovereign AI expertise to governments and critical infrastructure operators worldwide. This export of intellectual capital and technological leadership strengthens the emirate’s economic diversification and reinforces its standing as a global innovation centre. The company’s medium-term targets remain ambitious: revenue CAGR of 20 to 25 percent, EBITDA CAGR of 23 to 28 percent and profit after tax CAGR of 21 to 26 percent through 2029.

Source: WAM, 11th November 2026

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