Brisait Posts Record Revenues Exceeding AED 1 Billion in H1 2025

UAE Tech Giant Presight Holdings Triples Revenue Pipeline as AI Demand Surges Across Emerging Markets

Presight Holdings Limited has delivered explosive growth in the first half of 2025, with revenues crossing the billion-dirham milestone for the first time—an 80.2% jump that signals the UAE's emergence as a major player in the global artificial intelligence and digital transformation market. The Abu Dhabi-based company's scheduled work backlog has tripled to 3.7 billion dirhams, positioning it to capitalize on surging demand for AI solutions across government and enterprise sectors.

Financial Performance Reflects AI Market Boom

Presight's financial results paint a picture of a company riding the wave of digital transformation investments. Net profits reached 209.7 million dirhams, growing 18.8% year-on-year, while EBITDA surged 59.6% to 245.5 million dirhams. The company maintained impressive organic growth of 33.5%, excluding contributions from its EIQ subsidiary acquisition.

The second quarter alone generated 523.9 million dirhams in revenue, up 53.5% from the same period in 2024. However, the implementation of the UAE's new 15% corporate tax rate has begun to impact bottom-line growth, with quarterly net profits rising a more modest 11.5% to 89.7 million dirhams.

Cash Position Enables Aggressive Expansion

Perhaps most significantly for investors, Presight concluded the period with 2.0 billion dirhams in cash and a debt-free balance sheet. This war chest provides substantial firepower for product innovation and market expansion at a time when competitors may be constrained by tighter capital markets.

International Markets Drive Growth Beyond UAE Borders

The company's international expansion strategy is paying dividends, with markets outside the UAE contributing 26.8% of second-quarter revenues—a dramatic increase from just 4.9% in the same period last year. This geographic diversification across Africa, the Middle East, and Central Asia reduces Presight's dependence on domestic demand and taps into regions where digital infrastructure investment is accelerating.

This expansion mirrors successful strategies employed by other Gulf technology champions like Dubai's Careem and Abu Dhabi's Group 42, which have leveraged their regional expertise to capture opportunities in emerging markets often overlooked by Western tech giants.

Government Partnerships Fuel Sovereign AI Push

CEO Thomas Pramotedham emphasized the company's deepening ties with UAE government entities and state-owned enterprises, positioning Presight as a key partner in the nation's artificial intelligence and digital transformation initiatives. This aligns with the UAE's broader strategy to become a global AI hub, competing with initiatives in Singapore, Israel, and other tech-forward nations.

The focus on "sovereign AI" capabilities—where governments maintain control over critical AI infrastructure and data—represents a growing trend as nations seek to balance technological advancement with national security concerns. Presight's success in this space could serve as a model for other regional players.

Outlook Suggests Sustained Momentum Despite Tax Headwinds

Management has updated its forward guidance, projecting compound annual growth between 2023 and 2027, with net profit growth of 7-12% annually after accounting for the new corporate tax regime. While this represents a slight reduction from previous guidance of 6-11%, it reflects the realistic impact of the UAE's evolving tax landscape.

The company's 304 million dirham new order intake during the quarter demonstrates continued market demand, while the shift toward multi-year contracts provides revenue visibility that should appeal to institutional investors seeking predictable growth stories in the volatile tech sector.

For investors and industry watchers, Presight's trajectory suggests the UAE's technology sector is maturing beyond oil-dependent growth models, creating genuine value in high-demand sectors like AI and digital government services. The company's ability to maintain organic growth while expanding internationally positions it as a potential regional champion in the global race for AI supremacy.