2026-08-12
Presight, the Abu Dhabi-listed AI and big data analytics company, grew its second-quarter net profit by 30.2% year on year to AED 116.8 million on revenue of AED 713.2 million, up 36.1%. In the same quarter the company signed AED 2.5 billion in new domestic contracts and lifted its order backlog to AED 4.9 billion, 44.3% higher than a year earlier. The results, announced on August 11, 2026, are one of the clearest data points yet that the UAE's national bet on artificial intelligence is converting into real revenue, real profit and a growing pipeline of signed work.
Presight's Q2 2026 results in numbers
The headline figures from the company's release:
| Metric | Q2 2026 | Change YoY |
|---|---|---|
| Revenue | AED 713.2 million | +36.1% |
| EBITDA | AED 143.7 million | +37.4% |
| Net profit after tax | AED 116.8 million | +30.2% |
| New domestic contracts signed | AED 2.5 billion | record quarterly intake |
| Order backlog (end of June) | AED 4.9 billion | +44.3% |
The first half of 2026 tells the same story at a larger scale. Half-year revenue crossed AED 1.4 billion, up 28.9% year on year, EBITDA reached AED 302.7 million (+23.2%) and profit after tax came in at AED 250.7 million (+19.5%). The company remains debt free with a cash position of around AED 2.0 billion, giving it room to fund expansion without leverage.
CEO Thomas Pramotedham said the results demonstrate "the strength and durability of Presight's growth model amidst a dynamic operating environment", and the company reaffirmed its medium-term guidance for 2025-2029: revenue growing at a compound annual rate of 20% to 25%, EBITDA at 23% to 28% and profit after tax at 21% to 26%.
AED 2.5 billion in new contracts and a record backlog
The number that matters most for the quarters ahead is not profit but contracted future work. Presight signed AED 2.5 billion in new domestic orders during Q2 alone and reported a 100% renewal rate across its major national-level programmes. That pushed the order backlog to AED 4.9 billion at the end of June, up 44.3%.
Just as important is the quality of that revenue. Multi-year contracts accounted for 93.5% of Q2 revenue, which means the company's income is largely recurring and locked in rather than dependent on one-off project wins. For an analytics business selling to governments and large enterprises, that contract structure is what turns a good quarter into a durable growth model.
International business: more than a quarter of revenue
Presight built its base on UAE national programmes, but the international side is scaling fast. International revenue grew 19.1% year on year in Q2 and 39.9% across the first half, reaching 26.7% of total H1 revenue, up from 24.6% a year earlier. Recent months brought a term sheet with Kazakhstan's Ministry of Transport on national transport intelligence and a memorandum of understanding with Banco Santander on AI cooperation, alongside an ongoing partnership with the Abu Dhabi Chamber to bring agentic AI tools to more than 100,000 SMEs.
The direction is clear: Abu Dhabi is not just importing AI capability, it is exporting it, with a listed local champion signing deals across Central Asia, Europe and beyond.
Why this quarter matters for the UAE's AI economy
Presight is a subsidiary of G42, the Abu Dhabi technology group at the centre of the UAE's AI strategy, and has been listed on the Abu Dhabi Securities Exchange (ADX) under the ticker PRESIGHT since 2023. The UAE was the first country in the world to appoint a dedicated Minister of State for Artificial Intelligence back in 2017, and it has spent the years since building an ecosystem of AI companies, data centres and government programmes around that ambition.
Sceptics have long asked when the AI push would show up in financial statements rather than press releases. This quarter is a direct answer: a home-grown AI company posting 36.1% revenue growth, double-digit profit growth, a AED 4.9 billion contracted pipeline and a growing export business. It lands in the same season as record foreign direct investment figures for the country, which we covered in our review of the UAE's record AED 167 billion FDI inflows in 2025. Capital is flowing in, and the technology sector is one of the places where it is visibly compounding.
For the wider market, Presight's numbers also validate the procurement environment: UAE government entities are not running pilots for show, they are signing multi-year, billion-dirham contracts for data platforms, safety systems and sector analytics, and renewing them at a 100% rate.
What Presight's results mean for businesses working with the UAE
You do not need to be a listed AI champion to benefit from this cycle. A results release like this signals several practical things for founders, tech firms and service providers looking at the UAE:
- Government and enterprise demand for AI, data and analytics services in the UAE is funded, contracted and growing at over 30% a year;
- large primes like Presight rely on ecosystems of subcontractors, integrators, data specialists and niche software vendors, and that supply chain is where smaller companies enter;
- the Abu Dhabi Chamber programme to deploy agentic AI across 102,000 SMEs means even non-tech businesses in the UAE will be adopting these tools, creating a services market around implementation and training;
- a UAE legal entity is usually the entry ticket: public sector and enterprise buyers contract with locally licensed companies, so setting up a company in the UAE is the first formal step;
- a corporate bank account remains the slowest link in the chain, and compliance reviews for tech companies are detailed, so it pays to approach bank account opening in the UAE with documents prepared in advance;
- free zones such as those in Abu Dhabi and Dubai offer licence categories tailored to software, data and AI activities, often with 0% corporate tax on qualifying income.
How Atlant Capital can help
Atlant Capital works with founders and companies entering the UAE market, including technology and consulting businesses positioning themselves for the AI-driven procurement wave. We advise on the right jurisdiction and licence for your activity, register the company, obtain residence visas for founders and key staff, and manage the practical steps that follow: corporate bank account, accounting, VAT and corporate tax registration. If your plan is to sell into the UAE's fast-growing digital economy, we can help you set up the structure correctly the first time.
The bottom line
Presight's Q2 2026 results show the UAE's AI strategy generating measurable commercial outcomes: AED 713.2 million in quarterly revenue, AED 116.8 million in profit, AED 2.5 billion in fresh contracts and a record AED 4.9 billion backlog, all from a debt-free balance sheet with AED 2.0 billion in cash. For anyone weighing an entry into the UAE technology market, the message is that the demand is real, the budgets are committed and the ecosystem around companies like Presight is where the opportunities sit.
FAQ
What were Presight's Q2 2026 results?
Presight reported Q2 2026 revenue of AED 713.2 million, up 36.1% year on year, EBITDA of AED 143.7 million (+37.4%) and net profit after tax of AED 116.8 million (+30.2%). For the first half of 2026, revenue reached AED 1.4 billion (+28.9%) and profit after tax AED 250.7 million (+19.5%).
How large is Presight's order backlog?
Presight's order backlog stood at AED 4.9 billion at the end of June 2026, up 44.3% year on year. The company signed AED 2.5 billion in new domestic contracts during Q2 alone, renewed 100% of its major national-level programmes, and multi-year contracts made up 93.5% of quarterly revenue.
What is Presight and who owns it?
Presight is an AI and big data analytics company headquartered in Abu Dhabi. It is a subsidiary of G42, the Abu Dhabi technology group, and has been listed on the Abu Dhabi Securities Exchange (ADX) under the ticker PRESIGHT since 2023. The company builds data platforms and analytics for governments and enterprises in the UAE and internationally.
What do Presight's results mean for businesses entering the UAE?
They confirm that UAE demand for AI and data services is contracted and growing fast, with government buyers signing multi-year, billion-dirham deals. Smaller companies typically enter this market as subcontractors, integrators or niche vendors, which normally requires a locally licensed UAE company and a corporate bank account as the formal foundation.
