Abu Dhabi, August 12 (WAM) - Pressait AI Holdings Limited ("Pressait") today announced its financial results for the three and six months ended June 30, 2026, recording strong growth in revenues and profits despite changing regional operating conditions.

In Q2 2026, Pressait recorded revenue growth of 36.1% year-on-year to AED 713.2 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 37.4% to AED 143.7 million, and net profit after tax increased by 30.2% to AED 116.8 million.

In the first half of 2026, Pressait's revenues increased by 28.9% year-on-year to AED 1.4 billion, and EBITDA rose by 23.2% to AED 302.7 million, while net profit after tax increased by 19.5% to AED 250.7 million.

Revenue growth in this quarter was supported by the effective conversion of the accumulated business portfolio into revenue and new local renewals and agreements worth AED 2.5 billion, including critical national platforms and new deployments in public safety, non-traditional security and defense systems, mobility, customs, auditing, and enabling small and medium enterprises.

A 100% renewal rate across key national programs affirmed the pivotal role of Presaite’s solutions and its strong long-term relationships with clients, while the breadth of new use cases reflects continued ability to expand sovereign AI capabilities across government and enterprise environments.

International business momentum also remained strong, with international revenue up 19.1% year over year in Q2 2026, and 39.9% year over year in H1 2026.

International markets accounted for 26.7% of the Group’s revenue in H1 2026, compared to 24.6% in the same period last year.

International performance was driven by continued multi-year deployments in Kazakhstan, Albania, Jordan and Africa.

Presaite also continued to strengthen its “enter and expand” strategy through new partnerships in Kazakhstan and Montenegro, while AIQ expanded its international opportunity pipeline under development by moving forward with pilot projects in three new targeted international markets.

In parallel, during the second quarter, PressAI continued to strengthen its AI innovation and commercial marketing system by selecting 12 high-growth companies for the second cohort of the PressAI AI Accelerator program, and showcasing its AI workforce laboratory at the UAE Government AI Assistant Retreat organized by the Ministry of Cabinet Affairs. During this retreat, 94 representatives from 24 government entities used the PressAI sovereign AI platform to design, train, and deploy 118 AI agents across 21 work streams.

Thomas Bramotideham, CEO of PressAI, said that the company’s strong performance in the second quarter and first half of the year reflects the strength and flexibility of its growth model under a changing operating environment.

He added that looking ahead, the company sees significant opportunities to deepen its leadership in the UAE, accelerate its international entry and expansion strategy, and develop the next generation of AI assistant solutions and sector-specific solutions, achieving measurable results on a large scale.

PressAI’s revenue base maintained a high level of clarity and predictability, with multi-year contracts accounting for 93.5% of second-quarter revenues, and its scheduled business portfolio amounted to AED 4.9 billion as of June 30, 2026.

The company also maintained a debt-free balance sheet, with cash and cash equivalents of AED 2.0 billion, and positive operating cash flows of AED 14.3 million during the quarter.

The company’s medium-term guidance remains unchanged, supported by a strong pipeline of scheduled projects, a high proportion of multi-year contracts, and continued momentum in domestic and international markets.

For the period 2025-2029, Presight targets an annual compound growth rate for revenues between 20% and 25%, an annual compound growth rate for earnings before interest, taxes, depreciation, and amortization (EBITDA) of between 23% and 28%, and an annual compound growth rate for net profit after tax of between 21% and 26%.