Presight AI (PRESIGHT) Q1 2025 earnings summary

Executive summary

• Achieved record growth in Q1 2025, with revenue up 115.1% year-over-year to AED 563.9 million, driven by strong domestic and international contracts, strategic partnerships, and new AI product launches.

• Secured AED 1.44 billion in new orders, increasing backlog by 29% to AED 3.87 billion since December, with major smart city projects in Kazakhstan and Albania and expanded presence in Central Asia and the Balkans.

• Launched new AI platforms, including Presight Synergy and LifeSaver, and initiated an AI accelerator program in partnership with Microsoft and MBZUAI.

• Net profit after tax for Q1 2025 was AED 120 million, a 25% increase from Q1 2024, with earnings per share rising to AED 0.019.

Financial highlights

• Group revenue rose 115.1% year-on-year to AED 563.9 million, with organic revenue growth at approximately 50%.

• EBITDA increased 71.9% to AED 141 million; EBITDA margin at 25%, with margin volatility due to growth investments and deployment mix.

• Profit before tax up 33.4% to AED 141 million; profit after tax up 33.6% at a 9% tax rate and 25.1% at a 15% tax rate.

• Operating cash flow improved by AED 165 million year-on-year, with cash and equivalents at AED 1.97 billion as of March 2025.

• Total assets stood at AED 5.16 billion and equity attributable to owners increased to AED 3.60 billion at March 2025.

Outlook and guidance

• Anticipates 3-year CAGR: group revenue 19%-25%, EBITDA 16%-21%, post-tax profit 6%-11% (with 15% tax rate).

• Expects international revenue share to rise to 35%-40% in 2025, supported by a robust backlog and multi-year contracts.

• The group is in scope for the UAE's new 15% Domestic Minimum Top-Up Tax for MNEs effective 2025.