This impressive growth reflects Presight's global expansion efforts, with international revenue skyrocketing five-fold to AED 127 million (about US $34.6 million). The company secured new orders worth AED 1.44 billion (around US $390 million), which has contributed to an expanded backlog totaling AED 3.87 billion (roughly US $1.05 billion), up 29 percent since December 31, 2024.

Furthermore, Presight reported a year-on-year increase in EBITDA of 71.9 percent, reaching AED 141 million (approximately US $38.4 million). Profit after tax rose by 33.6 percent based on a like-for-like 9 percent tax basis. This increase totals to a 15 percent corporate tax rate when including the UAE’s Pillar 2 guidance for global minimum tax.

In a recent filing with the Abu Dhabi Securities Exchange (ADX), Presight noted that 98.8 percent of its total revenue originated from multi-year contracts, highlighting the company's commitment to long-term customer engagement and revenue predictability.

During the quarter, Presight generated positive operating cash flow of AED 60.4 million (around US $16.45 million) while maintaining a cash and equivalents position of AED 1.97 billion (approximately US $540 million). Notably, the company remains completely debt-free.

Thomas Pramotedham, CEO of Presight, expressed his enthusiasm: “The strong momentum we observed in the last quarter of 2024 has continued into Q1 of 2025. We have reinforced our role as a strategic partner to governments and large enterprises in high-growth markets, aiding digital transformation, optimizing public services, and enhancing national resilience through the application of AI.”

He further noted, “Our presence in Kazakhstan has scaled rapidly, and our letter of engagement in Albania serves as a foundation for further growth throughout Europe. Our ongoing expansion, the launch of new AI products, and our increasing international footprint affirm Presight’s position as a global leader in AI and digital transformation solutions.”

In addition, during the quarter, Presight’s majority-owned subsidiary, AIQ, moved forward with the three-year, US $340 million ENERGYai platform deployment across ADNOC’s upstream operations, marking a significant milestone as the world’s first large-scale rollout of agentic AI in the energy sector.

Internationally, Presight signed a six-year agreement valued at US $190 million with the City of Astana, aiming to implement an AI-powered smart city transformation in Kazakhstan. The company is also set to deploy AI-driven smart city solutions across 20 major cities in Albania, following a partnership with the country's Ministry of Interior.

Additionally, Presight launched the Presight LifeSaver, an AI-driven platform focused on emergency and crisis response. Already in deployment in the UAE alongside the National Emergency Crisis and Disasters Management Authority (NCEMA), this platform enhances the capability of government agencies and first responders in managing emergency situations more effectively.

Presight AI Achieves Record Revenue of $153.5 Million in Q1 2025

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