A. SREENIVASA REDDY (ABU DHABI)
Alpha Data, a home-grown IT services company, reported a net profit of Dh35.5 million in the first quarter of 2026, up 11.2% year-on-year, driven by its strategic focus on high-value services, according to a filing with the Abu Dhabi Securities Exchange (ADX).
The company’s revenue grew 9.3% year-on-year to Dh650 million during the quarter, supported by sustained demand for digital infrastructure and continued momentum across all business divisions. Gross profit increased 6.5% to Dh91 million, while profit before tax rose 11.3% to Dh39 million.
Group gross margin stood at 14.0%, compared with 14.4% in the corresponding period of 2025, reflecting faster growth in the lower-margin Talent segment. Earnings per share for the quarter stood at Dh0.04.
“Revenue growth in Q1-2026 was supported by sustained demand for digital transformation services, with particular strength in AI-driven infrastructure solutions, managed services, cybersecurity and cloud migration projects,” the company said in a statement.
The company’s balance sheet expanded during the quarter, with total assets rising 16.4% from year-end 2025 to Dh1.339 billion. Total equity increased 10.6% to Dh335 million, while cash and bank balances stood at Dh95 million at the end of March 2026.
Alpha Data said it continued to expand its regional footprint and is looking to seize opportunities by ramping up its In-Country-Value (ICV) in its core markets.
The company reiterated its full-year 2026 guidance, expecting revenue growth in the low-to-mid teens and a profit-before-tax margin above 6%, supported by a strong project backlog and continued operational discipline despite regional and international supply-chain and hardware availability challenges.
Alpha Data started trading on the ADX on March 11, 2025, after raising Dh600 million through an initial public offering. According to the latest ADX data, the company’s market capitalisation stands at Dh1.48 billion.