YTD Revenue Increases by 9.6% to AED 1.17 Billion
ABU DHABI, November 11, 2024: Presight AI Holding PLC (ADX: PRESIGHT) announced a 16.2% increase in pre-tax profit for the nine months ending September 30, 2024, reaching AED 313.8 million. Revenue grew 9.6% to AED 1.17 billion.
The company attributed strong performance to AIQ, which bolstered profitability and cash flow. Presight’s order book increased by AED 1.14 billion, with a backlog of AED 1.58 billion at the end of September 2024. EBITDA rose 16.5% to AED 269.1 million.
Presight launched new AI solutions and signed key contracts, including with ADNOC to deploy ENERGYai and a multi-year agreement with the Abu Dhabi Department of Economic Development. The company also expanded its AI partnerships with major UAE SOEs and signed contracts in Jordan and Colombia.
CEO Thomas Pramotedham commented, “We’re accelerating AI adoption across sectors, expanding our international footprint, and supporting long-term growth.”
