Presight posts 22.2% revenue growth in first quarter
International revenue surges 62.9% as sovereign AI deployments drive global expansion
#UAE #ADX – Presight AI Holding PLC, listed on Abu Dhabi Securities Exchange as ADX: PRESIGHT, today reported revenue of AED 689 million ($188m) for Q1 2026, up 22.2 percent year-on-year. The AI and big data analytics company also saw international revenue rise 62.9 percent to represent a total of 30 percent of group revenue, shooting up from 22.5 percent in Q1 2025. Meanwhile, EBITDA rose 12.7 percent to AED 159 million ($43m), and profit after tax increased 11.5 percent to AED 133.8 million ($36m). The company’s proforma contract backlog reached AED 4.9 billion ($1.33b), a 45.3 percent increase since 31 December 2025, providing strong forward revenue coverage. The results were delivered against Presight’s strongest-ever prior-year comparable, with the company having more than doubled its revenue over the past two years at a compound annual growth rate of 62.1 percent since Q1 2024.
SO WHAT? – Presight’s Q1 highlights show the continued success of the its global expansion strategy and solution portfolio. The G42 company’s strong growth confirms that its international expansion is mapping very well to the accelerating demand for sovereign, mission-critical AI infrastructure and services. With international revenue growing at nearly three times the rate of overall revenue, Presight has already built the geographic diversification that distinguishes a scaling global business from a national or regional one. However, with nearly 96 percent of revenue derived from multi-year contracts, a near-AED 5 billion proforma backlog, Presight also offers a kind of revenue visibility that few other fast growing AI companies can match.
KEY POINTS:
ADX-listed Presight AI Holding PLC (ADX: PRESIGHT) today reported Q1 2026 revenue of AED 689 million ($188m), up 22.2% year-on-year, with EBITDA of AED 159 million ($43m) — up 12.7% — and profit after tax of AED 133.8 million ($36m), up 11.5% year-on-year. The results were delivered against the company’s strongest-ever prior-year comparable period.
International revenue rose 62.9% year-on-year to AED 206.9 million ($56m), now representing 30% of group revenue compared with 22.5% in Q1 2025. International orders accounted for 39.1% of total order intake during the quarter, supporting continued diversification of the revenue base.
The company’s proforma backlog reached AED 4.9 billion ($1.33b), a 45.3% increase since 31 December 2025. With 95.7% of revenue derived from multi-year contracts, Presight has strong forward revenue visibility across both domestic and international markets.
Active international deployments in Jordan, Kazakhstan and Albania drove international momentum during the quarter. Presight’s Kazakhstan presence builds on its $190 million six-year smart city contract with the City of Astana and, most recently, a new MOU with the City of Almaty to develop a unified AI-enabled urban operating system.
AIQ, Presight’s joint venture for AI-enabled national security and critical infrastructure, contributed AED 205.3 million ($56m) to group revenue, representing 29.8% of the total. AIQ’s long-duration contract base remains a core pillar of Presight’s revenue stability.
Presight signed nine new contracts and agreements with UAE federal and state-owned entities during the first quarter, reinforcing its position as a trusted partner in AI-enabled government capabilities. The company also expanded its presence across Africa, building on existing partnerships across the continent.
The company’s AI Startup Accelerator received 376 applications from 62 countries for its second cohort: more than three times the applicant pool for the first cohort. The inaugural cohort resulted in equity investments through the Presight Shorooq Fund I in eight companies spanning sovereign AI infrastructure, vertical intelligence platforms and secure edge-native agentic systems.
Presight’s medium-term guidance remains unchanged, targeting organic revenue CAGR of 20-25%, EBITDA CAGR of 23-28% and profit after tax CAGR of 21-26% for the 2025-2029 period. The company’s balance sheet remains debt-free, with cash and cash equivalents of AED 2 billion as at 31 March 2026.
ZOOM OUT – Today’s Q1 results build on a full-year 2025 performance that recorded a significant step forward in both performance and scale for Presight. In February 2026, the company reported FY25 revenue of AED 3.03 billion ($830m), which was up 36.9 percent year-on-year, marking its 12th consecutive quarter of growth since its 2023 IPO. International revenue more than doubled in 2025, rising 130 percent year-on-year to AED 1.17 billion ($320m) and accounting for 38.5 percent of total annual revenue. Since its IPO, Presight has achieved compound annual revenue growth of 25 percent with an average EBITDA margin of 27.7 percent. The track record gives the AI company a very credible medium-term guidance of 20-25 percent revenue CAGR through to 2029. Q1 2026’s proforma backlog of AED 4.9 billion ($1.33b), up 45.3% in a single quarter, suggests the pace of growth continues to accelerate.
[Written and edited with the assistance of AI]
Read about Presight’s previously announced financial results:
Presight reports 36.9% revenue growth for 2025 (Middle East AI News)
Presight reports 48.8% year-on-year growth in first 9 months (Middle East AI News)
Presight record H1 revenue exceeds AED 1 billion (Middle East AI News)
Presight posts 115% revenue surge in blockbuster quarter (Middle East AI News)
Presight FY 2024 revenue grows 24% (Middle East AI News)