Presight Posts 30% Profit Surge Amid Record Domestic Growth
Presight has delivered a strong performance for the second quarter of 2026, reporting a 30.2% jump in net profit to Dh116.8 million. This growth was fueled by a significant 36.1% revenue increase, reaching Dh713.2 million, alongside a robust expansion in both domestic and international operations. A key highlight for the quarter was the record-breaking Dh2.5 billion in new domestic contracts and renewals, which helped push the company’s total order backlog to Dh4.9 billion. With a debt-free balance sheet and Dh2 billion in cash, the company remains well-positioned to capitalize on its high renewal rates, which hit 100% across major national programs.
Beyond its domestic success, Presight continues to make meaningful strides in global markets, with international revenue climbing 19.1% during the quarter. The company’s footprint is expanding through strategic deployments in regions like Kazakhstan, Jordan, and Africa, while simultaneously pushing the boundaries of AI innovation. CEO Thomas Pramotedham highlighted that the firm is successfully balancing this global reach with advancements in sovereign AI and agentic solutions. As Presight advances its AI Accelerator Programme and maintains its long-term growth guidance, it remains focused on scaling its technology and solidifying its role as a key player in the evolving AI landscape.