Interim report
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presight A G42 company PRESIGHT AI HOLDING PLC Review Report and Condensed Consolidated Interim Financial Information for the six - month period ended Q2 2026
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PRESIGHT AI HOLDING PLC Review report and condensed consolidated interim financial information for the six-month period ended 30 June 2026
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PRESIGHT AI HOLDING PLC Review report and condensed consolidated interim financial information for the six-month period ended 30 June 2026 Contents Pages Report on review of condensed consolidated interim financial information 1 Condensed consolidated interim statement of financial position 2 Condensed consolidated interim statement of profit or loss and other comprehensive income 3 Condensed consolidated interim statement of changes in equity 4 Condensed consolidated interim statement of cash flows 5 Notes to the condensed consolidated interim financial information 6 – 25
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Deloitte & Touche (M.E.) LLP Level 11, Al Sila Tower Abu Dhabi Global Market Square Al Maryah Island P.O. Box 990 Abu Dhabi United Arab Emirates Tel: +971 (0) 2 408 2424 Fax:+971 (0) 2 408 2525 www.deloitte.com August 17th, 2016 REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION TO THE SHAREHOLDERS OF PRESIGHT AI HOLDING PLC Introduction We have reviewed the accompanying condensed consolidated interim statement of financial position of Presight AI Holding PLC (the “Company”) and its subsidiaries (together referred to as the “Group”) as of 30 June 2026, and the related condensed consolidated interim statements of profit or loss and other comprehensive income, changes in equity and cash flows for the six-month period then ended and, material accounting policy information and other explanatory notes. Management is responsible for the preparation and fair presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard 34 Interim Financial Reporting (‘IAS 34’). Our responsibility is to express a conclusion on this condensed consolidated interim financial information based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial information is not prepared, in all material respects, in accordance with IAS 34. Deloitte & Touche (M.E.) LLP Monah Adnan Abou-Zaki Partner 11 August 2026 Abu Dhabi United Arab Emirates
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PRESIGHT AI HOLDING PLC 2 The accompanying notes form an integral part of this condensed consolidated interim financial information. Condensed consolidated interim statement of financial position as at 30 June 2026 30 June 31 December 2026 2025 AED’000 AED’000 Notes (unaudited) (audited) ASSETS Non-current assets Property and equipment 26,506 26,214 Intangible assets 5 1,343,204 1,328,932 Right-of-use assets 6 11,033 17,062 Contract assets 8 377,684 377,078 ––––––––––– ––––––––––– Total non-current assets 1,758,427 1,749,286 ––––––––––– ––––––––––– Current assets Trade and other receivables 7 775,963 890,476 Contract assets 8 1,837,402 1,370,939 Investments at fair value through profit or loss 9 26,225 6,427 Due from related parties 10 157,563 201,926 Cash and cash equivalents 11 2,004,901 2,170,449 ––––––––––– ––––––––––– Total current assets 4,802,054 4,640,217 ––––––––––– ––––––––––– Total assets 6,560,481 6,389,503 EQUITY AND LIABILITIES Equity Share capital 13 560,868 560,868 Share premium 13 1,679,952 1,679,952 Foreign exchange translation reserve 5,406 2,029 Retained earnings 2,053,203 1,834,239 ––––––––––– ––––––––––– Equity attributable to shareholders of the Company 4,299,429 4,077,088 Non-controlling interest 20 428,701 397,009 ––––––––––– ––––––––––– Total equity 4,728,130 4,474,097 ––––––––––– ––––––––––– Non-current liabilities Provision for employees’ end of service benefits 38,927 34,438 Deferred tax liability 12 41,563 40,853 Lease liabilities 7,011 5,184 ––––––––––– ––––––––––– Total non-current liabilities 87,501 80,475 ––––––––––– ––––––––––– Current liabilities Trade and other payables 14 1,149,279 1,288,443 Lease liabilities 3,550 8,596 Contract liabilities 15 48,231 100,462 Income tax payable 12 144,582 102,398 Due to related parties 10 399,208 335,032 ––––––––––– ––––––––––– Total current liabilities 1,744,850 1,834,931 ––––––––––– ––––––––––– Total liabilities 1,832,351 1,915,406 ––––––––––– ––––––––––– Total equity and liabilities 6,560,481 6,389,503 Thana Pramotedham Chief Executive Officer Dr. Adel Al Sharji Chief Operating Officer Raghupathy Ramadorai Meyoor Chief Financial Officer
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PRESIGHT AI HOLDING PLC 3 The accompanying notes form an integral part of this condensed consolidated interim financial information. Condensed consolidated interim statement of profit or loss and other comprehensive income for the six-month period ended 30 June 2026 Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 Notes (unaudited) (unaudited) (unaudited) (unaudited) Revenue 16 713,195 523,919 1,402,229 1,087,805 Direct costs 17 (498,514) (356,007) (931,683) (702,187) Gross profit 214,681 167,912 470,546 385,618 General, administrative and marketing expenses 18 (92,439) (80,693) (205,543) (172,907) Finance income 13,825 17,517 28,547 32,839 Profit for the period before tax 136,067 104,736 293,550 245,550 Corporate tax expense 12 (19,255) (15,025) (42,894) (35,811) Profit after tax for the period 116,812 89,711 250,656 209,739 Other comprehensive income Item that may be reclassified to profit or loss Foreign exchange differences on translation of foreign operations (1,056) - 3,377 - Total comprehensive income for the period 115,756 89,711 254,033 209,739 Profit attributable to: Owners of the Company 103,203 77,075 218,964 185,682 Non-controlling interests 13,609 12,636 31,692 24,057 116,812 89,711 250,656 209,739 Total comprehensive income for the period attributable to: Owners of the Company 102,147 77,075 222,341 185,682 Non-controlling interests 13,609 12,636 31,692 24,057 115,756 89,711 254,033 209,739 Basic and diluted earnings per share 21 0.02 0.01 0.04 0.03
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PRESIGHT AI HOLDING PLC 4 The accompanying notes form an integral part of this condensed consolidated interim financial information. Condensed consolidated interim statement of changes in equity for the six-month period ended 30 June 2026 Attributable to the shareholders of the Company Share capital Share premium Foreign currency translation reserve Retained earnings Total Non- controlling interests Total equity AED’000 AED’000 AED’000 AED’000 AED’000 AED’000 AED’000 At 1 January 2025 (audited) 560,868 1,679,952 - 1,251,384 3,492,204 366,513 3,858,717 Total comprehensive income for the period: Profit for the period - - - 185,682 185,682 24,057 209,739 ––––––– ––––––– ––––––– ––––––– –––––––– ––––––– ––––––– Total comprehensive income for the period - - - 185,682 185,682 24,057 209,739 ––––––– ––––––– ––––––– ––––––– –––––––– ––––––– ––––––– Foreign currency translation - - 179 - 179 - 179 ––––––– ––––––– –––––––– ––––––– –––––––– ––––––– ––––––– At 30 June 2025 (unaudited) 560,868 1,679,952 179 1,437,067 3,678,066 390,570 4,068,636 At 1 January 2026 (audited) 560,868 1,679,952 2,029 1,834,239 4,077,088 397,009 4,474,097 Total comprehensive income for the period: Profit for the period - - - 218,964 218,964 31,692 250,656 Other comprehensive income Foreign currency translation - - 3,377 - 3,377 - 3,377 ––––––– ––––––– ––––––– ––––––– –––––––– ––––––– ––––––– Total comprehensive income for the period - - 3,377 218,964 222,341 31,692 254,033 ––––––– ––––––– ––––––– ––––––– –––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– ––––––– At 30 June 2026 (unaudited) 560,868 1,679,952 5,406 2,053,203 4,299,429 428,701 4,728,130
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PRESIGHT AI HOLDING PLC 5 The accompanying notes form an integral part of this condensed consolidated interim financial information. Condensed consolidated interim statement of cash flows for the six-month period ended 30 June 2026 Six-month period ended 30 June 2026 2025 AED’000 AED’000 Notes (unaudited) (unaudited) Cash flows from operating activities Profit for the period before tax 293,550 245,550 Adjustments for: Depreciation of property and equipment 5,751 2,656 Amortisation of intangible assets 5 25,488 23,171 Depreciation of right-of-use assets 6 6,029 6,607 Provision for employees’ end of service benefits 6,507 5,530 Allowance for expected credit loss on trade receivables - 32 Finance income (28,547) (32,839) Finance expense 415 488 ––––––––––– ––––––––––– Operating cash flows before movements in working capital 309,193 251,195 Decrease/increase) in trade and other receivables 109,884 (94,342) Decrease/(increase) in due from related parties 44,363 (12,169) Increase in contract assets (467,069) (25,622) Decrease in contract liabilities (52,231) (112,973) (Decrease)/increase in trade and other payables (100,057) 53,954 Increase/(decrease) in due to related parties 64,176 (12,503) ––––––––––– ––––––––––– Cash (used in) /generated from operating activities (91,741) 47,540 Employees’ end of service benefits paid (2,018) (722) ––––––––––– ––––––––––– Net cash (used in)/from operating activities (93,759) 46,818 ––––––––––– ––––––––––– Cash flows from investing activities Payment for acquisition of property and equipment (6,043) (3,431) Payment for acquisition of intangible assets 5 (39,760) (3,827) Movement in fixed deposit – under lien - 17,225 Finance income received 33,176 47,472 Payment for investment in FVTPL (19,798) - ––––––––––– ––––––––––– Net cash (used in)/from investing activities (32,425) 57,439 ––––––––––– ––––––––––– Cash flows from financing activities Payment of dividends 19 (39,107) (13,365) Payments of principal portion of lease liabilities (3,634) (13,001) ––––––––––– ––––––––––– Net cash used in financing activities (42,741) (26,366) ––––––––––– ––––––––––– Net (decrease)/increase in cash and cash equivalents (168,925) 77,891 Movement in foreign currency translation reserve 3,377 - Cash and cash equivalents at the beginning of the period 2,170,449 1,922,723 ––––––––––– ––––––––––– Cash and cash equivalents at 30 June 11 2,004,901 2,000,614
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PRESIGHT AI HOLDING PLC 6 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 1 Legal status and principal activities Presight AI Holding PLC (the “Company”) is incorporated as a public company limited by shares operating under license number 000008980 issued by Abu Dhabi Global Market Registration Authority pursuant to Abu Dhabi Global Market Companies Regulations 2020 on 12 December 2022. The Group’s parent company and controlling party is Group 42 Holding Ltd (the “Parent Company”), a private company registered in Abu Dhabi Global Market. The Company was listed on the Abu Dhabi Securities Exchange on 27 March 2023. The registered address of the Company is 17th floor, Al Maqam Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates. The principal activity of the Company is to act as a holding company for the entities within the Group. These condensed consolidated interim financial information include the financial performance , financial position and cash flows of the Company and its subsidiaries and joint ventures (collectively referred to as the “Group”), details of which are set out below: Name of subsidiaries Place of incorporation and operation Principal activities Proportion of ownership interest and voting power held 30 June 2026 31 December 2025 Presight International Services Ltd (Formerly known as Assetik Tech Ltd)* Abu Dhabi, United Arab Emirates Proprietary investment company; other information technology and computer service activities, computer consultancy and computer facilities management activities, computer programming activities, other information service activities, treasury financial systems and applications development and web portals. 100% 100% Presight AI Technologies RSC Ltd Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% Presight Smart Nation AI Holding RSC Ltd. (Formerly known as G42 Smart Nation AI Holding RSC Ltd.) Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% Presight AI Ltd Abu Dhabi, United Arab Emirates Business incubator, other information technology and computer service activities, other professional, scientific and technical activities n.e.c, computer consultancy and computer facilities management activities, computer programming activities, activities of holding companies, other information service activities n.e.c, data processing, hosting and related activities, activities of head offices. 100% 100%
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PRESIGHT AI HOLDING PLC 7 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 1 Legal status and principal activities (continued) Name of subsidiaries Place of incorporation and operation Principal activities Proportion of ownership interest and voting power held 30 June 2026 31 December 2025 Below are the subsidiaries of Presight AI Technologies RSC Ltd: Presight AI Technologies L.L.C ** Abu Dhabi, United Arab Emirates Information technology network services and technological projects management. 99.99% 99.99% Presight Fund Investments Holding SPV RSC Ltd (Formerly known as Smart Interaction2 Holding SPV RSC Ltd)* Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% Presight Ventures SPV RSCLtd Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% Presight Ventures Services Ltd Abu Dhabi, United Arab Emirates Information technology network services and technological projects management. 100% - Below are the subsidiaries of Presight Smart Nation AI Holding RSC Ltd (Previously known as G42 Smart Nation AI Holding RSC Ltd).: Presight Smart Nation Technology Projects LLC (Formerly known as G42 Smart Nation Technology Projects LLC)** Abu Dhabi, United Arab Emirates Information technology network services, technological projects management, innovation & artificial intelligence research & consultancies, security & surveillance systems installation & maintenance, telecommunication systems equipment installation and main tenance, services, management and operation of computer networks, computer infrastructure establishment, institution and maintenance, retail sale of computer outfit and data processing. 99.99% 99.99% Presight Smart City AI SPV RSC Ltd (Formerly known as Smart City AI SPV RSC Ltd)* Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% Presight AS SPV RSC Ltd (G42 AS SPV RSC Ltd)* Abu Dhabi, United Arab Emirates Special purpose vehicle 100% 100% JTO Holding SPV Ltd Abu Dhabi, United Arab Emirates Special purpose vehicle 60% 60%
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PRESIGHT AI HOLDING PLC 8 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 1 Legal status and principal activities (continued) Name of subsidiaries Place of incorporation and operation Principal activities Proportion of ownership interest and voting power held 30 June 2026 31 December 2025 Below are the subsidiaries of Presight Smart Nation AI Holding RSC Ltd (Previously known as G42 Smart Nation AI Holding RSC Ltd) (continued): Intellibrain Technological Projects LLC Abu Dhabi, United Arab Emirates Technological projects management, innovation and artificial intelligence research and consultancies, computer systems and software designing. 60% 60% Below are the subsidiaries of Presight AI Ltd: G42 Analytics Technology Projects LLC** Abu Dhabi, United Arab Emirates Information technology network services, technological projects management, innovation & artificial intelligence research & consultancies 99.99% 99.99% Presight AI Kazakhstan Ltd.* Kazakhstan Provision of AI-powered big data analytics platforms 100% 100% Analytics AI Limited Liability Partnership* Kazakhstan Implementing state of the art analytical and artificial intelligence software systems; installation works, general management, providing customer support, expand partnership networks, commercial activity, foreign economic and foreign trade activity including export and import 100% 100% SK-Presight AI LTD* Kazakhstan Software engineering and product development services. 70% 70% P Ventures Holdings RSC LTD Abu Dhabi, United Arab Emirates Special purpose vehicle. 100% 100% Matrix JVCO Ltd (“AIQ”) Abu Dhabi, United Arab Emirates Designing oil and natural gas fields production software, including designing and programming databases, electronic chips and computer systems, information technology consultancy and onshore and offshore oil and gas fields and facilities services 51% 51%
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PRESIGHT AI HOLDING PLC 9 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 1 Legal status and principal activities (continued) Name of subsidiaries Place of incorporation and operation Principal activities Proportion of ownership interest and voting power held 30 June 2026 31 December 2025 Below are the subsidiaries of Presight AI Ltd (continued): Presight TOTM AI Ltd* Abu Dhabi, United Arab Emirates Computer consultancy and computer facilities management activities, Data processing, hosting and related activities. 51% 51% Presight AI Jordan LLC Jordan Software engineering and product development services. 100% 100% Below is the joint venture of Presight AI Ltd : Takamul Digital Solutions Management LLC Abu Dhabi, United Arab Emirates Software engineering and product development services 40% 40% * These subsidiaries were dormant as at 30 June 2026 and 31 December 2025. ** An entity under common control has assigned beneficial ownership of its stake in these subsidiaries to the Company, thereby, the Group holds 100% of the shareholding. Below are the updates to the Group structure in the current and previous period: 1. During the current period, the Group through a resolution dated 27 February 2026 resolved to liquidate the subsidiary, Intellibrain Technological Projects LLC. As at 30 June 2026, the liquidation procedures of the subsidiary is in progress. The subsidiary had no operations during the current period and previous period. Accordingly, no results from discontinued operations have been presented in the condensed consolidated interim statement of profit or loss 2. The Group incorporated new subsidiary, namely Presight Venture Services Ltd during the current period. During the previous year, the Group incorporated new subsidiaries, namely Presight Ventures SPV RSC Ltd and Presight AI Jordan LLC. On 16 December 2025, the Group opened a branch in Albania. There were no operations in the new subsidiaries as at 30 June 2026 and 31 December 2025. 3. On 10 July 2025 the Group invested in Takamul Digital Solutions Management LLC classified as investment in joint venture. There were no material operations in the joint venture as at 30 June 2026 and 31 December 2025. 2 Application of new and revised IFRS Accounting Standards (IFRSs) 2.1 New and revised IFRSs applied with no material effect on the condensed consolidated interim financial information The following new and revised IFRSs, which became effective for annual periods beginning on or after 1 January 2026, have been adopted in the condensed consolidated interim financial information. The application of these revised IFRSs has not had any material impact on the amounts reported for the current and prior periods but may affect the accounting for future transactions or arrangements.
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PRESIGHT AI HOLDING PLC 10 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 2 Application of new and revised IFRS Accounting Standards (IFRSs) (continued) 2.1 New and revised IFRSs applied with no material effect on the condensed consolidated interim financial information (continued) Amendments IFRS 9 and IFRS 7 regarding the classification and measurement of financial instruments The amendments address matters identified during the post -implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments. Amendments IFRS 9 and IFRS 7 - Contracts Referencing Nature-dependent Electricity The amendments aim at enabling entities to include information in their financial statements that in the IASB’s view more faithfully represents contracts referencing nature-dependent electricity. Annual improvements to IFRS Accounting Standards — Volume 11 The pronouncement comprises the following amendments: • IFRS 1: Hedge accounting by a first-time adopter • IFRS 7: Gain or loss on derecognition • IFRS 7: Disclosure of deferred difference between fair value and transaction price • IFRS 7: Introduction and credit risk disclosures • IFRS 9: Lessee derecognition of lease liabilities • IFRS 9: Transaction price • IFRS 10: Determination of a ‘de facto agent’ • IAS 7: Cost method 2.2 New and revised IFRS in issue but not yet effective New and revised IFRSs Effective for annual periods beginning on or after IFRS 18 Presentation and Disclosures in Financial Statements 1 January 2027 IFRS 19 Subsidiaries without Public Accountability: Disclosures 1 January 2027 IFRS 20 Regulatory Assets and Regulatory Liabilities 1 January 2029 Translation to a Hyperinflationary Presentation Currency (Amendments to IAS 21) 1 January 2027 Amendments to the Fair Value Option for Investments in Associates and Joint Ventures (Amendments to IAS 28) 1 January 2027 IFRS Sustainability Disclosure Standards IFRS S1 General Requirements for Disclosure of Sustainability - related Financial Information Effective date not yet decided by the regulator in the United Arab Emirates IFRS S2 Climate-related Disclosures Effective date not yet decided by the regulator in the United Arab Emirates The above stated new standards and amendments are not expected to have any significant impact, other than IFRS 18. The Group is currently working to identify the impacts IFRS 18 will have on the condensed consolidated interim financial information. There are no other applicable new standards and amendments to published standards or IFRIC interpretations that have been issued that would be expected to have a material impact on the condensed consolidated interim financial information of the Group.
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PRESIGHT AI HOLDING PLC 11 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 3 Material accounting policy information Statement of compliance This condensed consolidated interim financial information for the six-month period ended 30 June 2026 has been prepared in accordance with International Accounting Standard 34, “Interim Financial Reporting” and applicable requirements of Abu Dhabi Global Market (“ADGM”) Companies Regulations 2020 and Companies Regulations (International Accounting Standards) Rules 2015. Basis of preparation The condensed consolidated interim financial information does not include all the information required for annual audited consolidated financial statements and should be read in conjunction with the annual audited consolidated financial statements of the Group as at and for the year ended 31 December 2025. In addition, results for six-month period ended 30 June 2026 are not necessarily indicative of the results that may be expected for the financial year ending 31 December 2026. The condensed consolidated interim financial information is presented in UAE Dirhams (“AED”), the currency of the primary economic environment in which the Group operates, and all values are rounded to the nearest thousand (AED’000) except where otherwise indicated. The condensed consolidated interim financial information has been prepared on the historical cost basis except investments in financial assets at fair value through profit or loss. The accounting policies applied by the Group in this condensed consolidated interim financial information are consistent with those in the annual audited consolidated financial statements for the year ended 31 December 2025, except for the adoption of new standards and interpretations effective 1 January 2026. 4 Critical judgements and key sources of estimation uncertainty The preparation of the condensed consolidated interim financial information requires management to make judgments, estimates and assumptions that affects the application of accounting policies and the reported amounts of assets, liabilities, income and exp enses. Actual results may differ from these estimates. The significant judgments made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those applied to the Group’s annual consolidated financial statements for the year ended 31 December 2025.
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PRESIGHT AI HOLDING PLC 12 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 5 Intangible assets Goodwill Customer contracts Computer software Developed software Capital work-in- progress Total AED’000 AED’000 AED’000 AED’000 AED’000 AED’000 Cost At 1 January 2025 (audited) 1,050,210 254,137 54,649 107,104 8,031 1,474,131 Additions during the year - - 5,939 - 6,046 11,985 –––––––––– –––––––––– –––––––––– –––––––– –––––––– –––––––– At 1 January 2026 (audited) 1,050,210 254,137 60,588 107,104 14,077 1,486,116 Additions during the period - - 33,420 2,464 3,876 39,760 Transfer during the period - - - 8,810 (8,810) - –––––––––– –––––––––– –––––––––– –––––––– –––––––– –––––––– At 30 June 2026 (unaudited) 1,050,210 254,137 94,008 118,378 9,143 1,525,876 Accumulated amortisation At 1 January 2025 (audited) - 5,930 34,170 71,792 - 111,892 Charge for the year - 10,165 7,197 27,930 - 45,292 –––––––––– –––––––––– –––––––––– –––––––– –––––––– –––––––– At 1 January 2026 (audited) - 16,095 41,367 99,722 - 157,184 Charge for the period - 5,083 8,367 12,038 - 25,488 –––––––––– –––––––––– –––––––––– –––––––– –––––––– –––––––– At 30 June 2026 (unaudited) - 21,178 49,734 111,760 - 182,672 Carrying amount At 30 June 2026 1,050,210 232,959 44,274 6,618 9,143 1,343,204 At 31 December 2025 1,050,210 238,042 19,221 7,382 14,077 1,328,932 Goodwill and customer contracts were recognized as a result of the acquisition of Matrix JVCO Ltd.
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PRESIGHT AI HOLDING PLC 13 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 5 Intangible assets (continued) Capital work-in-progress mainly relates to manpower costs incurred on artificial intelligence projects that are in development stage. Amortisation charge for the period has been allocated in the condensed consolidated interim statement of profit or loss as follows: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) AED’000 AED’000 Direct costs (note 17) 17,510 30,443 General, administrative, and marketing expenses (note 18) 7,978 14,849 –––––––––– –––––––––– 25,488 45,292 6 Right-of-use assets The Group’s right-of-use assets include leases for office premises. The lease term is 2-5 years. During the six-month period ended 30 June 202 6, the Group recognized right -of-use assets amounting to AED Nil (30 June 2026: AED Nil). Depreciation expense during the six-month period ended 30 June 2026 amounted to AED 6,029 thousand (30 June 2025: AED 6,607 thousand). 7 Trade and other receivables 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Trade receivables 730,942 810,055 Less: Allowance for expected credit loss (16,937) (16,937) –––––––––– –––––––––– 714,005 793,118 Advance to suppliers 17,752 36,194 Accrued interest income 12,003 16,633 Prepayments 12,251 4,512 Refundable deposits 696 696 VAT receivables 10,713 37,853 Other receivables 8,543 1,470 –––––––––– –––––––––– 775,963 890,476 No interest is charged on outstanding trade receivables.
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PRESIGHT AI HOLDING PLC 14 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 7 Trade and other receivables (continued) The Group measures the allowance for expected credit loss for trade receivables at an amount equal to lifetime ECL. The allowance for expected credit loss on trade receivables is estimated using a loss rate, with reference to past default experience of the debtor and an analysis of the debtor’s current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and an assessment of both the current as well as the forecast direction of conditions at the reporting date. The allowance for expected credit loss on trade receivables is AED 16,937 thousand as at 30 June 2026 (31 December 2025: AED 16,937 thousand). Trade and other receivables include AED 664,615 thousand (31 December 2025: AED 434,266 thousand) due from related parties (note 10). The Group has adopted a policy of dealing with only creditworthy counterparties. Adequate credit assessment is made before accepting an order for sale of services or goods from counterparty. 8 Contract assets Contract assets mainly represent balances due from customers for software development, installation and support service contracts that arise when the Group recognises revenue from customers in line with a series of performance related milestones. The group will previously have recognised a contract asset for any work performed. Any amount previously recognised as a contract asset is reclassified to trade receivables at the point at which it is invoiced to the customer . Payments are usually not due from the customers until either the services are complete or the respective milestones are achieved and therefore a contract asset is recognised over the period in which the services are performed to represent the Group’s right to consideration for the services transferred to date. All the contract assets that are expected to be realised within one year are classified under current assets. The allowance for expected credit loss on contract assets is AED 3,067 thousand as at 30 June 2026 (31 December 2025: AED 3,067 thousand). Carrying amount of contract assets is as follows: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Contract assets 2,218,153 1,751,084 Less: expected credit loss allowance (3,067) (3,067) –––––––––– –––––––––– 2,215,086 1,748,017 Contract assets of AED 608,128 thousand (2025: AED 574,312 thousand) is from related parties (note 10).
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PRESIGHT AI HOLDING PLC 15 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 8 Contract assets (continued) The contract assets are classified as follows in the condensed consolidated interim statement of financial position: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Non-current 377,684 377,078 Current 1,837,402 1,370,939 –––––––––– –––––––––– 2,215,086 1,748,017 9 Investments at fair value through profit or loss The movement in investments during the period/year is as below: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) At the beginning of the period/year 6,427 - Additions during the period/year 19,798 6,427 –––––––––– –––––––––– At end of the period/year 26,225 6,427 10 Related party transactions and balances Related parties, as defined in International Accounting Standard 24: Related Party Disclosures include associate companies, major shareholders, directors and other key management personnel of the Group, and entities controlled, jointly controlled or significantly influenced by such parties. Management approves prices and terms of payment for these transactions and these are carried out at mutually agreed rates. The Group, in the ordinary course of business, enters into transactions, with other business enterprises or individuals that fall within the definition of related parties contained in International Accounting Standard 24. The Group has a related party relationship with the Government of Abu Dhabi, directors and executive officers (including business entities over which they can exercise significant influence, or which can exercise significant influence over the Group). The Group maintains significant balances with these related parties, which arise from commercial transactions.
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PRESIGHT AI HOLDING PLC 16 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 10 Related party transactions and balances (continued) Balances with related parties at the end of the reporting period comprise: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Due from related parties: Entities under common control 157,563 201,926 Due to related parties: Entities under common control 399,208 335,032 Significant transactions with related parties in the condensed consolidated statement of profit or loss include the following: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Revenue (note 16) 344,697 334,987 657,741 944,881 Staff cost and allowances (i) (notes 17 and 18) 1,018 124,033 1,752 243,891 Support services and manpower fee(ii) (note 18) 5,562 1,455 23,714 1,594 Sub-contractor costs and project consumables (note 17) 272,374 159,755 390,841 315,062 Grant (note 23) 10,974 19,390 21,500 34,007 i. In accordance with an Inter -Group arrangement (the “Arrangement”), the Group’s employees are legally under the sponsorship of an entity under common control (a “related party”) and the related payroll costs (including end of service benefits) are recharged to the Group (notes 17 and 18). ii. Support services and manpower fee are paid by the Group for support and manpower services provided by an entity under common control (a “related party”) in accordance with an Intra Group Services Agreement (the “Agreement”) between the parties. iii. Refer notes 7, 8, 11, 14 and 15 for balances with related parties. iv. Guarantees amounting to AED 1,427 thousand (31 December 2025: AED 1,427 thousand) are in the name of related parties but assigned for the benefit of the Group (note 22).
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PRESIGHT AI HOLDING PLC 17 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 10 Related party transactions and balances (continued) Compensation of key management personnel is as follows: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 Number of key management personnel 9 10 9 10 Short-term benefits (AED’000) 5,974 6,594 11,528 11,975 Long-term benefits (AED’000) 225 354 647 502 11 Cash and cash equivalents 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Cash at bank - current accounts 863,324 777,161 Wakala deposits 1,141,577 1,393,288 –––––––––– –––––––––– 2,004,901 2,170,449 The wakala deposits carry profit rates at prevailing market rates. The Group’s bank balances are part of a cash pooling facility arrangement (the “Arrangement”) where all balances at the end of the day are transferred to the bank account of the Company at the end of the day. Cash at bank and short -term deposit of AED 371,415 thousand (31 December 2025: AED 260,000 thousand) pertain to banks which are related parties (note 10). Balances with banks are assessed to have low credit risk of default since these banks are regulated by the Central Bank of the UAE. Accordingly, management of the Group estimates the loss allowance on balances with banks at the end of the reporting period at an amount equal to 12-month ECL. None of the balances with banks at the end of the reporting period are past due and taking into account the historical default experience and the current credit ratings of the bank, the management of the Group have assessed that there is no impairment and hence have not recorded any loss allowances on these balances.
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PRESIGHT AI HOLDING PLC 18 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 12 Income tax On 9 December 2022, the United Arab Emirates (UAE) Ministry of Finance (“MoF”) released Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses, Corporate Tax Law (“CT Law”) to enact a new Corporate Tax (CT) regime in the UAE. The n ew CT regime became effective for accounting periods beginning on or after 1 June 2023. The taxable income of the entities that are in scope for UAE CT purposes are subject to the rate of 9% corporate tax. Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Current income tax Current income tax charge 20,297 15,025 42,184 35,811 Deferred tax (1,042) - 710 - –––––––––– ––––––––– –––––––––– –––––––––– Tax expense reported in the condensed consolidated statement of profit or loss 19,255 15,025 42,894 35,811 The deferred expense for the period mainly relates to income taxed on receipt basis in respect of international branch opened on 28 March 2025. In the prior period ended 30 June 2025, the branch did not have any operations. Movement of the income tax payable is as follows: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) At beginning of the period/year 102,398 60,791 Charge for the period/year 42,184 101,191 Paid during the period/year - (59,584) –––––––––– –––––––––– At the end of the period/year 144,582 102,398 On 11 February 2025, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) released Cabinet Decision No. 142 of 2024 on the Imposition of Top -Up Tax on Multinational Enterprises (Cabinet Decision), introducing a Domestic Minimum Top-Up Tax (DMTT) on multinational enterprises (MNEs), which is applicable from 1 January 2025. The Group falls within the scope of DMTT based on the applicable revenue threshold. The Pillar Two regime recently adopted by the United Arab Emirates (UAE), will significantly influence the tax landscape for multinational enterprises. This regime, introduced as part of the OECD's efforts to address base erosion and profit shifting (BEPS), imposes new global minimum tax standards. The Group calculates income tax expense using the tax rate that would be applicable to the expected total annual earnings. The Group has recognised an additional top -up tax expense to ensure compliance with 15% global minimum effective tax rate.
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PRESIGHT AI HOLDING PLC 19 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 12 Income tax (continued) The Group estimates the following current tax expense and top -up taxes related to Pillar Two for the six- month period ended 30 June 2026: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Group corporate taxes 15,570 9,645 30,604 22,505 Top-up taxes in the jurisdictions that have enacted Pillar Two legislation effective 1st January 2025 3,685 5,380 12,290 13,306 –––––––––– ––––––––– –––––––––– –––––––––– Total 19,255 15,025 42,894 35,811 Furthermore, for the six-month period ended 30 June 2026, the Group has applied the IASB amendment to IAS 12 - Income taxes, which provides a mandatory temporary exception from recognizing or disclosing deferred taxes related to Pillar Two. 13 Share capital 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Issued and fully paid: 5,608,680 thousand ordinary shares of AED 0.10 each (31 December 2025: 5,608,680 thousand ordinary shares of AED 0.10 each) 560,868 560,868 On 16 February 2023, the Company’s Board of Directors resolved to increase the share capital of the Company from AED 184 thousand divided into 1,836 thousand shares of AED 0.10 each to AED 560,868 thousand divided into 5,608,680 thousand shares of AED 0.10 each. The Board further resolved to allot 4,204,674 thousand shares of AED 0.10 each to the existing shareholder and 42,490 thousand shares of AED 0.10 each to other shareholder (an “entity under common control”). On 3 March 2023, pursuant to the public offering approved by the Securities and Commodities Authority, the Company offered the remaining 1,359,680 thousand shares of AED 0.10 each for public subscription on the Abu Dhabi Securities Exchange. The Company’s offer price was set at AED 1.34 per share and was fully subscribed on 27 March 2023, resulting in a share premium of AED 1,686,001 thousand. Share issue costs amounted to AED 6,049 thousand which have been off set against the share premium.
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PRESIGHT AI HOLDING PLC 20 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 14 Trade and other payables 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Trade payables 82,243 149,463 Project and other accruals 961,819 1,001,951 Provision for bonus 36,568 71,143 VAT payable (net) 38,614 36,045 Other payables 22,064 24,063 Provision for leave salary 7,971 5,778 1,149,279 1,288,443 The Group has financial risk management policies in place to ensure that all payables are paid within credit period. No interest is charged on payables. Trade and other payables amounting to AED Nil thousand (2025: AED 402 thousand) are due to related parties (note 10). 15 Contract liabilities 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Contract liabilities 48,231 100,462 ===================== ===================== The contract liabilities primarily relate to advance received from or billed to the customers for services to be rendered in 2026. Contract liabilities amounting to AED Nil thousand (2025: AED 51,517 thousand) pertain to related parties (note 10).
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PRESIGHT AI HOLDING PLC 21 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 16 Revenue The Group derives its revenue from contracts with customers for the transfer of goods and services as follows: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Revenue from contracts with customers Revenue recognised over time Revenue from project services 633,104 486,636 1,228,990 1,000,498 –––––––––– –––––––––– –––––––––– –––––––––– Revenue recognised at point in time Revenue from sale of hardwares and licenses 80,091 37,283 173,239 87,307 –––––––––– –––––––––– –––––––––– –––––––––– 713,195 523,919 1,402,229 1,087,805 Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Revenue by geographical markets: Within UAE 545,776 418,347 1,027,975 820,252 Outside UAE 167,419 105,572 374,254 267,553 –––––––––– –––––––––– ––––––––– ––––––––– 713,195 523,919 1,402,229 1,087,805 Revenue includes AED 657,741 thousand (30 June 2025: AED 944,881 thousand) pertaining to related parties (note 10). The transaction price allocated to (partially) unsatisfied performance obligations at 3 0 June are as set out below. 30 June 30 June 2026 2025 AED’000 AED’000 (unaudited) (unaudited) Within one year 1,935,814 1,916,344 More than one year 2,941,383 1,738,476 –––––––––– –––––––––– Revenue from project services 4,877,197 3,654,820
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PRESIGHT AI HOLDING PLC 22 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 17 Direct costs Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Sub-contractor costs and project consumables (i) 390,008 273,615 732,124 549,771 Staff costs and allowances (ii) 97,844 68,844 182,049 128,702 Amortization of intangible assets (note 5) 10,662 8,060 17,510 16,045 Other direct costs - 5,488 - 7,669 –––––––––– –––––––––– –––––––––– –––––––––– 498,514 356,007 931,683 702,187 (i) Sub-contractor costs and project consumables include an amount of AED 390,841 thousand (30 June 2025: AED 315,062 thousand) pertaining to related parties (note 10). (ii)Staff costs and allowances consist of an amount of AED 1,752 thousand (30 June 2025: AED 128,702 thousand) relating to payroll of employees who are legally under the sponsorship of an entity under common control (a “related party”) in accordance with an Inter -Group arrangement (the “Arrangement”) (note 10). 18 General, administrative and marketing expenses Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 AED’000 AED’000 AED’000 AED’000 (unaudited) (unaudited) (unaudited) (unaudited) Staff costs and allowances (i) 45,881 55,189 106,613 115,189 Professional fees 3,555 1,761 8,553 9,295 Directors’ remuneration 7,639 - 7,639 7,640 Amortisation of intangible assets (note 5) 4,073 3,598 7,978 7,126 Depreciation of right-of-use assets (note 6) 3,184 3,917 6,029 6,607 Marketing expense 5,721 4,216 11,528 5,864 IT expenses 3,522 2,944 7,084 5,140 Transport and travel 1,638 1,746 2,710 3,914 Office expenses - 697 - 3,742 Depreciation of property and equipment 3,177 1,441 5,751 2,656 Bank charges and other finance cost 2,538 2,303 2,538 2,303 Support services and manpower fee (ii) 8,378 1,455 33,870 1,594 Allowance for expected credit loss, net - - - 32 Other expenses 3,133 1,426 5,250 1,805 –––––––––– ––––––––– ––––––––– ––––––––– 92,439 80,693 205,543 172,907
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PRESIGHT AI HOLDING PLC 23 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 18 General, administrative and marketing expenses (continued) (i) Staff costs and allowances consist of an amount of AED Nil thousand (30 June 2025: AED 115,189 thousand) relating to payroll of employees who are legally under the sponsorship of an entity under common control (a “related party”) in accordance with an Inter -Group arrangement (the “Arrangement”) (note 10). (ii) Support services and manpower fee consists of an amount of AED 23,714 thousand (30 June 2025: AED 1,594) paid by the Group for support and manpower services provided by a related party in accordance with an Intra Group Services Agreement (the “Agreement”) between the parties (note 10). (iii) During the current period, the Group has recorded a grant amounting to AED 21,500 thousand against the related expenditure (30 June 2025: AED 34,007) (note 23). 19 Dividends The Group did not declare dividend during the six-month period ended 30 June 2026 (30 June 2025: AED Nill thousand). A dividend of AED 52,143 thousand was declared by the subsidiary to the minority shareholders in December 2025 out of which AED 39,107 thousand (30 June 2025: AED 13,365) is paid during the current period. 20 Non-controlling interests Non-controlling interest represents the minority shareholder’s proportionate share in the aggregate value of the net assets of the subsidiaries, JTO Holding SPV Ltd, Intellibrain Technological Projects LLC and Matrix JVCO Ltd, and the results of the subsidiaries’ operations. Movement during the period/year is as follows: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) At 1 January 397,009 366,513 Share of profit for the period/year 31,692 82,639 Dividends (note 19) - (52,143) 428,701 397,009
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PRESIGHT AI HOLDING PLC 24 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 21 Basic and diluted earnings per share Basic earnings per share amounts are calculated by dividing the profit attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the period. The following reflects the income and share data used in the basic earnings per share computations: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Profit attributable to owners of the Company (AED’000) 103,203 77,075 218,964 185,682 The following reflects the calculation of weighted average number of shares for the purpose of basic earnings per share computations: Three-month period ended 30 June Six-month period ended 30 June 2026 2025 2026 2025 (unaudited) (unaudited) (unaudited) (unaudited) Weighted average number of shares in issue (in ‘000) 5,608,680 5,608,680 5,608,680 5,608,680 Earnings per share (AED) 0.02 0.01 0.04 0.03 The Group does not have potentially dilutive shares and accordingly, diluted earnings per share is equal to basic earnings per share. 22 Contingent liabilities and commitments The Group has the following contingent liabilities and commitments outstanding at 30 June 2026 and 31 December 2025: 30 June 31 December 2026 2025 AED’000 AED’000 (unaudited) (audited) Letters of guarantee(i) 725,279 717,994 Investment commitment(ii) 72,790 91,812 The guarantees were issued in the normal course of business. (i) Guarantees amounting to AED 1,427 thousand (2025: AED 1,427 thousand) are in the name of related parties but assigned for the benefit of the Group (note 10) (ii) Investment commitment of AED 72,790 thousand (31 December: AED 91,812 thousand) is contingent upon contributions from other investors.
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PRESIGHT AI HOLDING PLC 25 Notes to the condensed consolidated interim financial information for the six-month period ended 30 June 2026 (continued) 23 Grant In the previous year, the Group entered into an agreement with Group 42 Holding Limited (a 'shareholder'). During the current period, an amount of AED 21,500 thousand under the grant representing reimbursement of expenditure for infrastructure upgrades (note 18 (iii)) (30 June 2025: AED 34,007). As of 30 June 2026, there are no unfulfilled conditions or contingencies associated with the grant. 24 Segment information IFRS 8 Operating Segments requires operating segments to be identified on the basis of internal reports about components of the Group that are regularly reviewed by the chief operating decision maker in order to allocate resources to the segment and to assess its performance. The operations of the Group are limited to one segment viz. artificial intelligence, machine learning, data analytics and hosting. The products and services being sold under this segment are of similar nature. The Group’s chief operating decision maker reviews the internal management reports prepared based on aggregation of financial information for all entities in the Group (adjusted for intercompany eliminations, adjustments etc.) on a periodic basis, for the purpose of allocation of resources and evaluation of performance. Accordingly, management has identified the above segment as the only operating segment for the Group. 25 Impact of recent geopolitical development During the current period, geopolitical tensions in the Middle East have escalated following a regional conflict. As at the date of the condensed consolidated interim financial information, management is actively monitoring the situation. The evolving geopolitical conditions present heightened risks related to regional security, logistics, energy supply, and insurance coverage, which may potentially affect operational continuity. However, a s of the reporting date, no disruptions to operations have been identified by management. 26 Financial instruments All financial assets and liabilities are measured at amortised cost except for investments at fair value through profit or loss. M anagement consider that the carrying amounts of financial assets and liabilities recognised in the condensed consolidated interim financial information approximate their fair values. 27 Seasonality of results No income of a seasonal nature was recorded in the condensed consolidated statement of profit or loss for the six-month period ended 30 June 2026 and 30 June 2025. 28 Approval of the condensed consolidated interim financial information The condensed consolidated interim financial information was approved by management and authorised for issue by the Board of Directors on 11 August 2026.