Artificial Intelligence: Presight AI Holding Sets New Financial Records, Paving the Way for Future Growth
ABU DHABI (ALETIHAD) — In a significant announcement heralding its ascendance in the artificial intelligence arena, Presight AI Holding has reported its strongest quarterly performance to date for the first quarter of 2025. This remarkable growth signals the firm’s strategic commitment to becoming a global leader in the realm of AI-driven digital transformation.
The figures released through the Abu Dhabi Securities Exchange (ADX) detail a stunning 115.1% increase in quarterly revenue, amounting to Dh563.9 million, compared to the same period last year. This growth is noteworthy not only for its magnitude but also for the fact that it positions Presight as a formidable player in the international market, with international revenue soaring fivefold to reach Dh127 million.
Earnings before interest, tax, depreciation, and amortization (EBITDA) experienced a significant rise of 71.9%, totaling Dh141 million, while profit after tax saw an increase of 33.6% on a like-for-like 9% tax basis. When reflecting on the implications of the UAE’s recent introduction of a 15% corporate tax, profits still demonstrated a robust growth of 25.1%. These metrics reinforce Presight’s successful navigation through both local and international business landscapes amidst shifting fiscal policies.
The impressive financial results underscore Presight’s strategic direction and operational efficiency. In the most recent quarter, the company secured new orders amounting to a remarkable Dh1.44 billion, reinforcing a solid growth trajectory that has elevated its total order backlog to Dh3.87 billion—a substantial 29% rise since December 2024. This backlog primarily reflects a decisive shift towards multi-year contracts, with an astonishing 98.8% of total revenue derived from these agreements, demonstrating the company’s strong emphasis on sustainable and recurring revenue streams.
Operating cash flow was recorded at Dh60.4 million, an indicator of healthy operational efficiency and cash generation capabilities. As the quarter concluded, Presight maintained an impressive cash position of Dh1.97 billion, alongside a total absence of debt, further solidifying its financial resilience and capacity for future investments.
This latest performance not only illustrates Presight AI’s robust capabilities in harnessing artificial intelligence to innovate and transform businesses but also highlights the accelerating demand for AI solutions across various sectors. As companies worldwide increasingly seek efficiency and profitability through digital transformation, Presight stands poised at the forefront of this pivotal evolution.
The significance of Presight’s achievements can also be understood within the broader context of the thriving AI industry, particularly in the Middle East and North Africa (MENA) region. Countries within this area are rapidly embracing artificial intelligence as a catalyst for economic diversification and sustainable development, aligning with global technological trends. The adoption of AI by both public and private sectors is aimed at improving operational efficiencies, enhancing customer experiences, and ultimately fostering national competitiveness.
Moreover, Presight AI’s advancements resonate with the UAE’s Vision 2021 and its long-term objective to establish the nation as a leader in innovation and technology. The UAE government has initiated various strategies to elevate the technology landscape, investing heavily in research and development, while also cultivating partnerships with local and international businesses. As Presight continues to expand its footprint internationally, it is not only contributing to its own corporate growth but also to the UAE’s broader aspirations of thriving on the global stage.
In conclusion, Presight AI Holding’s outstanding quarterly performance signifies not just a milestone in its own corporate journey but also acts as a bellwether for the burgeoning AI sector’s potential. With increasing global demand for technology-driven solutions, Presight is well-positioned to harness this growth and facilitate transformative changes across industries, reinforcing its vision for a future steeped in digital innovation.
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