The Abu Dhabi-listed AI and big data analytics company ended the first half with an order backlog of Dh4.9 billion, up 44.3% since the start of the year, giving it visibility over future revenue from contracts already secured.

Domestic contracts drive growth

Presight secured Dh2.5 billion in domestic order intake during the quarter, including renewals of major national-level programmes and new contracts covering public safety, non-kinetic defence, mobility, customs, audit and SME enablement.

The company recorded a 100% renewal rate across its major national-level programmes, while multi-year contracts accounted for 93.5% of second-quarter revenue.

For the first six months of 2026, revenue increased 28.9% year-on-year to Dh1.4 billion, while EBITDA rose 23.2% to Dh302.7 million. Profit after tax increased 19.5% to Dh250.7 million.

International business expands

International revenue increased 19.1% year-on-year during the second quarter and 39.9% during the first half. Overseas markets generated 26.7% of group revenue in H1 2026, compared with 24.6% a year earlier.

Growth came from continued multi-year deployments in Kazakhstan, Albania, Jordan and Africa. Presight also added engagements in Kazakhstan and Montenegro, while AIQ advanced pilots in three new international target markets.

Nivetha Dayanand is Assistant Business Editor at Gulf News, where she spends her days unpacking money, markets, aviation, and the big shifts shaping life in the Gulf. Before returning to Gulf News, she launched Finance Middle East, complete with a podcast and video series. Her reporting has taken her from breaking spot news to long-form features and high-profile interviews. Nivetha has interviewed Prince Khaled bin Alwaleed Al Saud, Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu, IMF’s Jihad Azour, and a long list of CEOs, regulators, and founders who are reshaping the region’s economy. An Erasmus Mundus journalism alum, Nivetha has shared classrooms and newsrooms with journalists from more than 40 countries, which probably explains her weakness for data, context, and a good follow-up question. When she is away from her keyboard (AFK), you are most likely to find her at the gym with an Eminem playlist, bingeing One Piece, or exploring games on her PS5.