Presight AI (PRESIGHT) Q2 2025 earnings summary

Executive summary

• Achieved strong operational and financial growth in Q2 2025, with significant new contract wins and international expansion, especially in Malaysia, Uganda, and Kazakhstan.

• Launched new AI-driven products, including the Presight AI-Policing Suite, and selected the first cohort for the Presight Accelerator, enhancing the AI solutions portfolio.

• Strengthened presence in Central Asia with a regional hub in Kazakhstan, supporting digital transformation and smart city initiatives.

• Reviewed interim financials for the six months ended 30 June 2025, prepared in accordance with IAS 34; no material misstatements identified by the auditor.

• The group operates primarily in artificial intelligence, machine learning, data analytics, and hosting, with all products and services under a single segment.

Financial highlights

• Q2 2025 revenue increased by 53.5% year-over-year; EBITDA up 45.5%, profit before tax up 18.6%, and profit after tax up 11.5% (at 15% tax rate).

• H1 2025 revenue was AED 1,087.8 million, up from AED 603.5 million year-over-year, with EBITDA growth more than double the prior year rate.

• Net profit after tax for H1 2025 was AED 209.7 million, compared to AED 176.4 million in the prior year.

• International revenue in Q2 2025 grew nearly 8x year-over-year, now representing 27% of total revenue.

• Order book increased by AED 304 million in Q2 2025; H1 2025 backlog reached AED 3.66 billion, over 3x H1 2024.

Outlook and guidance

• Upgraded medium-term guidance: 2024 revenue growth expected at 19–25%, EBITDA growth at 16–21%, and profit after tax growth at 6–11% (15% tax rate).

• 2023–2027 guidance targets 21–27% net profit CAGR and 17–22% EBITDA CAGR, with over 90% of forecast revenue growth from multi-year contracts.

• The group expects to be impacted by the UAE's new 9% corporate tax and the 15% Pillar Two top-up tax for MNEs starting 2025.