Presight AI (PRESIGHT) Q2 2026 earnings summary

Executive summary

• Q2 revenue grew 36%, EBITDA 37% and profit after tax 30%; organic EBITDA margin expanded 265 bps.

• Sovereign AI demand, renewals and new awards drove record domestic Q2 order intake of AED 2.5 billion.

• International revenue rose 19.1% in Q2 and 39.9% in H1; current trading remained in line with full-year expectations and medium-term guidance was unchanged.

• International markets, AIQ deployments and accelerator investments broadened geographic reach and the AI ecosystem.

Financial highlights

• Q2 revenue was AED 524 million, EBITDA AED 104 million and profit after tax AED 117 million; each exceeded Q2 2024 levels.

• H1 revenue was AED 1,402.2 million and net profit after tax AED 250.7 million; EBITDA was AED 246 million.

• Q2 profit after tax attributable to shareholders rose 33.9% to AED 103.2 million; H1 attributable profit increased 17.9% to AED 219 million.

• Q2 orders reached AED 2.5 billion and H1 orders AED 2.9 billion; closing backlog was AED 4.9 billion.

• H1 operating cash flow was an AED 94 million outflow amid higher contract assets and working-capital needs; collections exceeded AED 1 billion.

Outlook and guidance

• Medium-term 2025–2029 guidance remains unchanged, targeting 20–25% revenue CAGR and 23–28% EBITDA CAGR on an organic basis.

• Over 90% of forecast revenue growth is expected from multi-year contracts; international revenue is expected to reach domestic parity over the medium term.

• H2 cash generation is expected to improve through faster conversion of contract assets and receivables; full-year operating cash flow is expected to grow versus AED 218 million in 2025.

• AIQ EBITDA margin is expected to return to 25%–30% in H2; software deployments traditionally step up in Q4.

• Guidance could be revisited after substantial repeatable non-kinetic defense wins or M&A; current trading remains in line with full-year expectations.