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Presight AI Posts Strong Growth as Quarterly Profits Surge 31%

Wed, Nov 11, 2026(5h ago)Business

Presight AI Holding has delivered a robust financial performance for the third quarter of 2026, reporting a 31% increase in net profit to Dh144.5 million. This growth was driven by a combination of strict cost management and a favorable shift in revenue streams, with total revenue for the period climbing nearly 15% to reach Dh749.2 million. The company’s EBITDA also saw a notable boost of 27.7%, reflecting improved operational efficiency as margins widened to 22.5%. With a strong order backlog now totaling Dh4.41 billion—up 19.4% year-on-year—and a debt-free balance sheet holding Dh2 billion in cash, the firm is well-positioned for continued stability.

CEO Thomas Pramotedham attributed this success to the company's ability to deliver large-scale AI solutions for both national and international partners. The current growth is anchored by renewed public safety programs in the UAE and the expansion of the Energyai platform within Adnoc’s operations, alongside ongoing multi-year projects in regions like Kazakhstan and Africa. As Presight expands its footprint in both established and new markets, the leadership remains optimistic that annual financial results will finish at the high end of market expectations, supported by a clear focus on responsible innovation and long-term value for shareholders.

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