EL7.AI
StocksMedium•11 November 2026•
4 min read

Presight lifts third-quarter profit 31% to AED 144.5 million as margins widen

Key Facts

1Third-quarter revenue rose 14.7% to AED 749.2 million, and profit after tax increased 31.0% to AED 144.5 million.
2Revenue for the first nine months was AED 2.15 billion, and profit after tax was AED 395.2 million.
3Backlog stood at AED 4.41 billion on September 30, up 19.4% year on year.
4The margin on earnings before interest, taxes, depreciation and amortization widened to 22.5% from 20.2% a year earlier.

Presight reported on November 11, 2026, that revenue for the third quarter ended September 30 rose 14.7% year on year to AED 749.2 million, while profit after tax increased 31.0% to AED 144.5 million. Earnings before interest, taxes, depreciation and amortization rose 27.7% to AED 168.3 million, outpacing revenue growth. The margin on those earnings widened to 22.5%, from 20.2% in the third quarter of 2025. The company said a favorable revenue mix and cost discipline supported the margin improvement. The results highlight an expansion in operating profit alongside higher sales during the quarter.

For the first nine months of 2026, revenue rose 23.6% to AED 2.15 billion, and earnings before interest, taxes, depreciation and amortization increased 24.8% to AED 471.0 million. Profit after tax also climbed 23.5% to AED 395.2 million. The figures show revenue and profit growth continued in the third quarter, after the company recorded year-on-year revenue growth of 36.1% to AED 713.2 million in the second quarter. Profit after tax rose 30.2% to AED 116.8 million in that quarter. Revenue growth therefore slowed in the third quarter compared with the second, while profit-after-tax growth remained similar across the two periods.

Presight attributed third-quarter revenue growth to the deployment of national security and public-safety programs renewed in the second quarter, and to AIQ’s continued rollout of the ENERGYai platform across ADNOC’s exploration and production operations. Multi-year projects in Kazakhstan, Albania, Jordan and Africa were also drivers. AIQ revenue was about AED 184.9 million, equivalent to 24.7% of group revenue for the quarter. Multi-year contracts accounted for 98.7% of quarterly revenue, compared with 76.3% in the same period a year earlier. The company said backlog stood at AED 4.41 billion on September 30, up 19.4% year on year.

New contracts and initiatives included two UAE government agreements to provide advanced technologies and solutions supporting public-safety and security initiatives. The company also signed a strategic cooperation agreement with the Abu Dhabi Centre for Hazardous Materials Management to use agentic AI capabilities for risk monitoring, operational surveillance and decision support. In Kazakhstan, Presight signed a memorandum of understanding with the Ministry of Artificial Intelligence and Kazakhtelecom to explore national digital infrastructure, and a letter of intent with the Ministry of Transport to assess a sovereign AI-powered national intelligence platform. It also signed a long-term contract with Nursultan Nazarbayev International Airport to develop and operate the Digital Smart Airport Astana platform. The agreements reflect the widening scope of projects the company is undertaking in security, government services and digital infrastructure.

Expansion into new markets continued in October 2026, when the company signed a memorandum of understanding with Greece’s Ministry of Digital Governance to explore the use of urban analytics and real-time intelligence in waste management and water networks. It also signed two memorandums of understanding in South Korea to explore cooperation in AI, smart cities and data infrastructure. On its financial position, Presight said its balance sheet was debt-free and cash and cash equivalents stood at AED 2.0 billion. Its cash balance and the increase in backlog represent two aspects of the company’s financial and contractual position at the end of September. International contracts are part of the multi-year project portfolio that the company said supported quarterly revenue.

Chief Executive Thomas Pramotedham said, "Disciplined operational and financial execution positions us to deliver a strong full-year performance." He added that the company’s UAE relationships are opening opportunities to introduce its technologies into new areas of government and critical infrastructure. Presight said trading is in line with management expectations and that it expects 2026 revenue, earnings before interest, taxes, depreciation and amortization, and profit after tax to be in the mid-to-upper range of analyst expectations. The company did not provide annual financial figures in its guidance, instead linking its outlook to the range of analyst estimates. The outlook puts full-year performance at the forefront of what markets will watch after the third-quarter results.