Abu Dhabi-based Presight AI Holding (ADX: PRESIGHT) reported record first-half revenue of AED 1.09 billion ($300 million), up 80.2% year on year, alongside AED 245.5 million ($66.84 million) of EBITDA, up 59.6%. International revenue accelerated to 26.8% of Q2 totals, compared with 4.9% a year earlier, supported by new partnerships in Kazakhstan, Malaysia and Uganda and an order backlog of AED 3.7 billion ($1.01 billion) that has more than tripled from prior-year levels.
Organic revenue, which excludes contributions from energy-focused subsidiary AIQ, grew 33.5% in H1. Second-quarter revenue reached AED 523.9 million ($142.64 million), up 53.5% year on year. New orders of AED 304 million ($82.77 million) helped reinforce liquidity, with AED 2.0 billion ($540 million) in cash and an unlevered balance sheet to fund expansion.
Domestic momentum included new contracts with the UAE National Media Office and UAE Media Council, plus a cooperation agreement with Abu Dhabi Department of Energy to develop AD.WE, an AI-powered energy and water management platform. International growth featured agreements tied to Malaysia’s MMAI Technologies program, Uganda’s national digital government initiative with the National Information Technology Authority, and a new office in Astana to support Central Asia.
Management raised medium-term guidance through 2027, targeting compound annual revenue growth of 21% to 27% (previously 19% to 25%) and EBITDA growth of 17% to 22% (previously 16% to 21%), citing multi-year contract momentum. Recent initiatives include deployment of an AI-Policing Suite with Abu Dhabi Police, a joint venture with the UAE Central Bank for sovereign financial technology solutions, and a partnership with Dow Jones for AI-driven risk and compliance offerings for global financial institutions.
Majority-owned by G42, Presight combines big data analytics and AI for public and private sector clients, with a focus on insight-driven decision making across domestic and international markets.
