Presight Q1 revenues surge to Dh563m, up 115% YoY
ABU DHABI (ALETIHAD) Presight AI Holding delivered its strongest-ever quarterly performance in Q1 2025, marking a major step forward in its ambition to become a global leader in AI-powered digital transformation.Revenue for the quarter surged 115.1% year-on-year (YoY) to Dh563.9 million, with international revenue increasing fivefold to Dh127 million, according to press releases posted on the Abu Dhabi Securities Exchange's (ADX) website.EBITDA rose by 71.9% to Dh141 million, while profit after tax grew 33.6% on a like-for-like 9% tax basis and 25.1% under the UAE's new 15% corporate tax guidance.Presight secured Dh1.44 billion in new orders during the quarter, lifting its total backlog to Dh3.87 billion — a 29% increase compared to December 2024. Notably, 98.8% of total revenue came from multi-year contracts, underscoring the company's strong recurring revenue model.
Operating cash flow stood at Dh60.4 million, and Presight ended the quarter with a robust cash position of Dh1.97 billion and no debt, reinforcing its financial strength.
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