Recent Research

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  EARNINGS CALL INSIGHT

  14 Aug 2025

  Presight AI Holding PLC

  HOLD

  Last Closing Price

  3.61

  Target Price

  3.55

  Upside (%)

  -1.66%

  UAE Equity Research - Presight AI Holding 2Q25 - Earnings Call Insight

  Net revenue grew substantially 53.5% YOY to AED 524 Mn in 2Q24, driven by strong execution on existing contracts, accelerated international growth and continued deployment of AIQ’s Energyai. AIQ contributed AED 158 Mn in revenue during 2Q25, equivalent to 30.1% of group revenue.

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• 

  FIRST LOOK NOTES

  08 Aug 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  1.05

  Target Price

  1.45

  Upside (%)

  +38.10%

  UAE Equity Research- Alef Education Holding PLC 2Q25 - First Look Note

  The Company’s revenue remained flat at AED 178 Mn, while EBITDA grew 3.7% YOY to AED 135 Mn in 2Q25. Miqyas Al Dhad reached 87% completion as of 2Q25 and is set to be launched during 4Q25.

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• 

  FIRST LOOK NOTES

  09 May 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  2.29

  Target Price

  2.90

  Upside (%)

  +26.64%

  UAE Equity Research - Presight AI Holding PLC 1Q25 - First Look Note

  The Company maintains debt-free balance sheet with healthy cash balance of AED 1.97 Bn as of 1Q25, providing financial support for future organic and inorganic growth. Presight’s revenue backlog grew to AED 3.9 Bn in 1Q25 compared to AED 3.0 Bn in 4Q24, due to new orders worth AED 1.4 Bn.

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  FIRST LOOK NOTES

  09 May 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  2.33

  Target Price

  2.90

  Upside (%)

  +24.46%

  UAE Equity Research - Presight AI Holding 1Q25 - Earnings Call Insight

  Net revenue surged from AED 262 Mn in 1Q24 to AED 564 Mn in 1Q25, driven by strong execution on existing contracts, supporting positive organic growth from a robust base, accelerated software deployment internationally and acquisition of AIQ. Additionally, AIQ delivered an exceptional performance, further accelerating top-line expansion.

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• 

  FIRST LOOK NOTES

  06 May 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  0.95

  Target Price

  1.70

  Upside (%)

  +78.38%

  UAE Equity Research - Alef Education Holding PLC 1Q25 - First Look Note

  Miqyas Al Dhad has reached 86% completion as of 1Q25 and is set to be launched during 3Q25. The Company has remained debt-free since its establishment. Alef Education extended its contract with ADEK for three more years providing revenue visibility till 2033.

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  FIRST LOOK NOTES

  02 May 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  0.95

  Target Price

  1.70

  Upside (%)

  +78.95%

  UAE Equity Research - Alef Education Holding PLC 1Q25 - Earnings Flash

  Alef’s Education Holding’s net profit rose 2% YoY to AED 115.3 Mn in 1Q25 driven by consistent top line growth with the successful execution of new contracts, increase in Interest income and company’s continued focus on operational efficiency partially offset by increase in Income tax expense leading to a stable net profit margin of 64%. (EPS is 1.65 fils for 1Q25)

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