Latest news with #Presight
Bloomberg
5 days ago
- Business
- Bloomberg
Presight CEO: AI Era is Here to Stay
Presight has reported record 1H growth as revenue surpassed AED 1 billion. The Abu Dhabi based AI company also said 2Q revenue and net profit rose, fueled by its acquisition of AIQ, a firm specializing in artificial intelligence solutions for the energy industry. Presight CEO, Thomas Pramotedham spoke to Bloomberg's Lizzy Burden on Horizons Middle East and Africa on their international acquisitions as well as use of AI in oilfields. (Source: Bloomberg)
Al Etihad
5 days ago
- Business
- Al Etihad
Presight reports record growth as revenue surpasses Dh1 billion in H1 of 2025
13 Aug 2025 10:11 ABU DHABI (ALETIHAD)Presight AI Holding Plc ('Presight' or 'the Company'; ADX: PRESIGHT), on Wednesday, announced its financial and operational results for the first half of 2025, highlighting strong performance fueled by continued domestic growth and international a press statement, Presight reported Dh1.09 billion in revenue for the first half of 2025, marking an 80.2% increase year-on-year. Organic revenue, excluding the contribution from AIQ, grew by 33.5%. EBITDA rose 59.6% to Dh 245.5 million, while net profit increased 18.8% to Dh 209.7 the second quarter alone, revenue reached Dh 523.9 million, a 53.5% increase compared to Q2 2024, with organic growth accounting for 19.7%. Quarterly EBITDA rose 45.5% year-on-year to Dh 104.5 million, and net profit grew 11.5% to Dh 89.7 million, reflecting the impact of the 15% corporate tax markets contributed 26.8% of Q2 revenue, up significantly from 4.9% in the same period last orders totalling Dh 304 million further strengthened performance, bringing the company's backlog to Dh 3.7 billion, more than triple the level from the previous year. Presight closed the period with Dh 2.0 billion in cash and maintained an unlevered balance sheet, providing ample flexibility to fund product innovation and targeted expansion. Upgraded Outlook and Guidance With the performance in the first half of 2025, together with a robust order backlog and a growing proportion of revenues from multi-year contracts, the company has upgraded its medium-term financial outlook. It now anticipates compound annual growth between 2023 and 2027 as follows:Group Revenue growth of 21% to 27% (previously 19% to 25%).Group EBITDA growth of 17% to 22% (previously 16% to 21%).Group Post-tax Profit growth of 7% to 12%, applying a 15% corporation tax rate (previously 6% to 11%). Strategic and Operational Progress During the second quarter, Presight continued to strengthen its position as the UAE's sovereign artificial intelligence partner of choice and accelerated its overseas expansion the domestic market, new contracts were signed with the UAE National Media Office and the UAE Media Council. The company also signed a Strategic Cooperation Agreement with the Abu Dhabi Department of Energy (DoE) to develop is a world-first, AI-powered energy and water management platform which will revolutionise the operation of the entire energy and utilities ecosystem across the Presight is continuing to drive forward its strategic agenda across key growth regions. In Malaysia, the company announced a landmark agreement set to accelerate Malaysia's digital transformation to support the government's Madani AI initiative. In Uganda, it is preparing for a rollout of a national digital government programme in collaboration with the National Information Technology Authority. The company has also deepened its footprint in Central Asia, launching a new office in Astana and expanding its energy sector partnerships in Kazakhstan through initiatives led by its majority-owned subsidiary, Pramotedham, CEO of Presight, stated: 'Our first-half performance demonstrates that Presight continues to grow both domestically and internationally. Our backlog is three times larger than it was a year ago, and our sovereign partnerships continue to deepen. Our journey as a key AI and digital transformation partner across the UAE federal government and state-owned enterprises continued at pace, with new contract wins and landmark agreements across key growth sectors.'Our international expansion across high-growth markets in the Middle East, Asia and Africa, where we support governments and large enterprises to deploy solutions which optimise public service delivery, drive economic diversification, and enhance national resilience, continues to be a material part of our growth trajectory.'With disciplined execution, new AI platforms coming to market and a deep pool of talent, we are on track to meet our commercial objectives and to compete on a global stage.'Innovation remained central to Presight's strategy during the reporting period. The inaugural cohort of the Presight AI-Startup Accelerator has been announced, enabling early engagement with emerging technologies and strategic growth the close of the reporting period, Presight announced a series of strategic initiatives designed to advance its regional and global Group unveiled its AI-Policing Suite ahead of the closing period and subsequently signed a cooperation agreement with Abu Dhabi Police to deploy these AI-powered law enforcement and smart city technologies as part of efforts to enhance public Group also agreed terms on a groundbreaking joint venture with the Central Bank of the UAE to deliver sovereign, AI-native technology solutions that support a resilient, secure, and future-ready financial market addition, Presight signed a strategic Memorandum of Understanding with Dow Jones to co-develop and commercialise next-generation, AI-driven risk and compliance solutions tailored for global financial institutions, regulators, and sovereign a strong balance sheet and a network of global strategic partners, Presight is in a strong position for continued growth through faster delivery of sovereign AI solutions, stronger client relationships, and lasting value across key markets. Presight's Applied Intelligence solutions stand to benefit from the growing technology collaboration between the UAE and the US, and the UAE's commitment to AI partnerships that accelerate progress for communities worldwide, leveraging Abu Dhabi's advanced digital and physical infrastructure.
Zawya
5 days ago
- Business
- Zawya
Presight reports record first-half growth as revenue surpasses AED 1bln
• Strong Q2 performance driven by 53.5% revenue growth Year-on-Year • International revenue accounted for 26.8% of the total in Q2 2025 Abu Dhabi, UAE: Presight AI Holding Plc ('Presight' or 'the Company'; ADX: PRESIGHT), today announced its financial and operational results for the first half of 2025, highlighting strong performance fueled by continued domestic growth and international expansion. Presight reported AED 1.09 billion in revenue for the first half of 2025, marking an 80.2% increase year-on-year. Organic revenue, excluding the contribution from AIQ, grew by 33.5%. EBITDA rose 59.6% to AED 245.5 million, while net profit increased 18.8% to AED 209.7 million. In the second quarter alone, revenue reached AED 523.9 million, a 53.5% increase compared to Q2 2024, with organic growth accounting for 19.7%. Quarterly EBITDA rose 45.5% year-on-year to AED 104.5 million, and net profit grew 11.5% to AED 89.7 million, reflecting the impact of the 15% corporate tax rate. International markets contributed 26.8% of Q2 revenue, up significantly from 4.9% in the same period last year. New orders totalling AED 304 million further strengthened performance, bringing the company's backlog to AED 3.7 billion, more than triple the level from the previous year. Presight closed the period with AED 2.0 billion in cash and maintained an unlevered balance sheet, providing ample flexibility to fund product innovation and targeted expansion. Upgraded outlook and guidance With the performance in the first half of 2025, together with a robust order backlog and a growing proportion of revenues from multi-year contracts, the company has upgraded its medium-term financial outlook. It now anticipates compound annual growth between 2023 and 2027 as follows: • Group Revenue growth of 21% to 27% (previously 19% to 25%). • Group EBITDA growth of 17% to 22% (previously 16% to 21%). • Group Post-tax Profit growth of 7% to 12%, applying a 15% corporation tax rate (previously 6% to 11%). Strategic and operational progress During the second quarter, Presight continued to strengthen its position as the UAE's sovereign artificial intelligence partner of choice and accelerated its overseas expansion strategy. In the domestic market, new contracts were signed with the UAE National Media Office and the UAE Media Council. The company also signed a Strategic Cooperation Agreement with the Abu Dhabi Department of Energy (DoE) to develop a world-first, AI-powered energy and water management platform which will revolutionise the operation of the entire energy and utilities ecosystem across the UAE. Internationally, Presight is continuing to drive forward its strategic agenda across key growth regions. In Malaysia, the company announced a landmark agreement set to accelerate Malaysia's digital transformation to support the government's Madani AI initiative. In Uganda, it is preparing for a rollout of a national digital government program in collaboration with the National Information Technology Authority. The company has also deepened its footprint in Central Asia, launching a new office in Astana and expanding its energy sector partnerships in Kazakhstan through initiatives led by its majority-owned subsidiary, AIQ. Thomas Pramotedham, CEO of Presight, stated: 'Our first-half performance demonstrates that Presight continues to grow both domestically and internationally. Our backlog is three times larger than it was a year ago, and our sovereign partnerships continue to deepen. Our journey as a key AI and digital transformation partner across the UAE federal government and state-owned enterprises continued at pace, with new contract wins and landmark agreements across key growth sectors. 'Our international expansion across high-growth markets in the Middle East, Asia and Africa, where we support governments and large enterprises to deploy solutions which optimise public service delivery, drive economic diversification, and enhance national resilience, continues to be a material part of our growth trajectory. 'With disciplined execution, new AI platforms coming to market and a deep pool of talent, we are on track to meet our commercial objectives and to compete on a global stage.' Innovation remained central to Presight's strategy during the reporting period. The inaugural cohort of the Presight AI-Startup Accelerator has been announced, enabling early engagement with emerging technologies and strategic growth opportunities. Following the close of the reporting period, Presight announced a series of strategic initiatives designed to advance its regional and global ambitions. The Group unveiled its AI-Policing Suite ahead of the closing period and subsequently signed a cooperation agreement with Abu Dhabi Police to deploy these AI-powered law enforcement and smart city technologies as part of efforts to enhance public safety. The Group also agreed terms on a groundbreaking joint venture with the Central Bank of the UAE to deliver sovereign, AI-native technology solutions that support a resilient, secure, and future-ready financial market infrastructure. In addition, Presight signed a strategic Memorandum of Understanding with Dow Jones to co-develop and commercialise next-generation, AI-driven risk and compliance solutions tailored for global financial institutions, regulators, and sovereign entities. With a strong balance sheet and a network of global strategic partners, Presight is in a strong position for continued growth through faster delivery of sovereign AI solutions, stronger client relationships, and lasting value across key markets. Presight's Applied Intelligence solutions stand to benefit from the growing technology collaboration between the UAE and US, and the UAE's commitment to AI partnerships that accelerate progress for communities around the world, leveraging Abu Dhabi's advanced digital and physical infrastructure. For more information about Presight please go to the investor relations section of the Presight website at About Presight Presight is an ADX-listed public company with Abu Dhabi based G42 as its majority shareholder and is a leading global big data analytics company powered by AI. It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. Presight excels at all-source data interpretation to support insight-driven decision-making that shapes policy and creates safer, healthier, happier, and more sustainable societies. Today, through its range of GenAI-driven products and solutions, Presight is bringing Applied AI to the private and public sector, enabling them to realise their AI strategy and ambitions faster. For further information, please contact Presight@ or media@
Zawya
6 days ago
- Business
- Zawya
Presight signs an MoU with Dow Jones Factiva to explore advanced, AI-powered risk-intelligence innovations
ABU DHABI, UAE/PRNewswire/ -- Presight, a leading global AI and big data analytics company, today announced that it has signed an MoU with Dow Jones Factiva, a trusted source of regulatory-grade risk intelligence. Together, the two industry leaders will explore the co-development of a new class of AI-native risk and compliance solutions designed for financial institutions, regulators, and sovereign entities navigating an era of unprecedented complexity. By fusing Dow Jones Factiva's unparalleled risk, regulatory, legal, and sustainability intelligence with Presight's sovereign AI infrastructure and cutting-edge agentic AI capabilities, the collaboration could unlock a new generation of intelligent systems purpose-built for the most sensitive corners of the global financial ecosystem. Transforming Compliance from Reactive to Predictive The joint offering would harness generative AI, explainable models, and real-time contextual reasoning to empower compliance, legal, and risk teams to preempt threats rather than react to them. These capabilities would be deployed within sovereign-grade environments that ensure full adherence to national data residency and security requirements – meeting the rising expectations of both regulators and regulated entities. Initial flagship solutions could include: KYC & UBO Agent: Mapping hidden ownership structures across borders by triangulating regulatory filings, leaked documents, and open-source intelligence. Sustainability Tracker: Real-time surveillance of sustainability controversies, compliance breaches, and evolving regulatory expectations. Legal & Policy Risk Agent: Detecting enforcement trends, cross-border risks, and subtle shifts in legal landscapes. Adverse Media Monitoring: Sentiment-aware media intelligence to surface reputational threats as they emerge. Sanctions Intelligence Engine: Uncovering indirect exposure to sanctioned actors via trade networks and ownership chains. Thomas Pramotedham, CEO of Presight, said: "This collaboration seeks to bring together the best of both worlds: Dow Jones Factiva's unparalleled depth in regulatory-grade data and Presight's sovereign-scale AI delivery. Together, we're working towards redefining how institutions approach risk – through real-time, predictive, and contextualized intelligence. It's Applied Intelligence in action, transforming risk into foresight." Joel Lange, executive vice president and general manager of Dow Jones Risk & Research from Dow Jones, said: "As business leaders navigate increasingly complex landscapes, we are committed to arming our customers with the tools needed to meet their needs and these discussions with Presight could mark a pivotal step in the development of next-generation risk solutions. Together, we're uniquely positioned to serve global financial institutions and regulators with tools that are as intelligent as they are actionable – elevating compliance and risk management to meet the demands of tomorrow". A Regional Launchpad for Global Influence Rooted in the GCC's regulatory innovation and national AI infrastructure, the collaboration would first serve sovereign wealth funds, central banks, Tier 1 banks, and supervisory authorities across the UAE and wider Gulf. Further expansion into strategic corridors including Southeast Asia, Central Asia, North Africa, the UK, and the United States – where the demand for secure, auditable, and intelligent compliance tooling continues to surge – is also in discussion. A New Standard for the Risk Function This collaboration could set a new benchmark for the modern risk function: auditable, autonomous, and future-proof. In a world defined by complexity, velocity, and interconnected threats, Presight and Dow Jones Factiva are not merely responding - they are redefining what it means to govern intelligently. About Presight Presight is an ADX-listed public company with Abu Dhabi-based G42 as its majority shareholder and is a leading global AI and big data analytics company. It combines big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. Presight excels at all-source data interpretation to support insight-driven decision-making that shapes policy and creates safer, healthier, happier, and more sustainable societies. Today, through its range of AI-driven products and solutions, Presight is bringing Applied Intelligence to the private and public sector, enabling them to realize their AI strategy and ambitions faster. About Dow Jones Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world's largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America's largest newspaper by paid circulation; Barron's, MarketWatch, Mansion Global, Financial News, Investor's Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV). Photo - SOURCE Presight
Gulf Business
7 days ago
- Business
- Gulf Business
Presight, Dow Jones Factiva to develop AI-powered risk intelligence tools
Image: Getty Images/ For illustrative purposes Abu Dhabi-based AI and big data analytics firm Presight has signed a memorandum of understanding with The collaboration will combine Dow Jones Factiva's regulatory-grade risk, legal and sustainability data with Presight's sovereign AI infrastructure and agentic AI capabilities. The companies aim to build predictive systems for sensitive areas of the global financial ecosystem. 'This collaboration seeks to bring together the best of both worlds: Dow Jones Factiva's unparalleled depth in regulatory-grade data and Presight's sovereign-scale AI delivery,' said Thomas Pramotedham, Presight's chief executive. 'Together, we're working towards redefining how institutions approach risk – through real-time, predictive, and contextualised intelligence,' he added. Potential products under discussion include AI tools for identifying hidden ownership structures across borders, tracking sustainability controversies, detecting legal and policy risks, monitoring adverse media coverage, and mapping exposure to sanctioned actors. Presight and Dow Jones Factiva tie-up a pivotal step Joel Lange, executive vice president and general manager of Dow Jones Risk & Research, said the discussions could 'mark a pivotal step in the development of next-generation risk solutions' for global financial institutions and regulators. The companies plan to launch in the Gulf, targeting sovereign wealth funds, central banks, tier one banks and supervisory authorities, before expanding into Southeast Asia, Central Asia, North Africa, the UK and the United States. Presight is listed on the Abu Dhabi Securities Exchange and majority-owned by G42. Dow Jones, a unit of News Corp, publishes the Wall Street Journal , Barron's, MarketWatch and other media and business information services. Read:
