Rasan Information Technology Co. announces its Interim Financial results for the Period Ending on 2025-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 194.8 | 110 | 77.09 | 124.2 | 56.843 |
| Gross Profit (Loss) | 135.5 | 67.4 | 101.038 | 90.4 | 49.889 |
| Operational Profit (Loss) | 83.1 | 35.3 | 135.41 | 45.2 | 83.849 |
| Net profit (Loss) | 82.3 | 36.6 | 124.863 | 45 | 82.888 |
| Total Comprehensive Income | 81.6 | 36.4 | 124.175 | 45 | 81.333 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 439.6 | 240.5 | 82.785 |
| Gross Profit (Loss) | 311.7 | 144.8 | 115.262 |
| Operational Profit (Loss) | 158.1 | 57 | 177.368 |
| Net profit (Loss) | 157.3 | 54.9 | 186.52 |
| Total Comprehensive Income | 156.6 | 58.4 | 168.15 |
| Total Shareholders Equity (after Deducting Minority Equity) | 601.1 | 371.1 | 61.977 |
| Profit (Loss) per Share | 2.04 | 0.75 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Sales/revenue in Q3 2025 increased by 77% vs. Q3 2024, due to the continued growth in motor retail insurance, onboarding of new customers in the motor leasing business, strong growth in health insurance supported by continued product innovation and digital adoption, and the positive performance of the newly launched verticals and services. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit in Q3 2025 increased by 125% vs. Q3 2024, due to the following reasons:
• The strong top-line growth where revenue increased by 77% vs. Q3 2024. • An increase in the gross profit margin by 8.3p.p. (69.6% in Q3 2025 vs. 61.2% during Q3 2024), driven by scale, product mix, up and cross-selling. • Increase in operating profit by 135% vs. Q3 2024 driven by scale and enhancement of the operational efficiency. This resulted in an increase in operating profit margin to 42.6% vs. 32.1% in Q3 2024). |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Sales/revenue in Q3 2025 increased by 57% vs. Q2 2025, primarily due to the expected higher volumes in motor retail during Q3 each year, on-boarding of new customers in the leasing business and continued momentum in the Health business. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profits in Q3 2025 increased 83% vs. Q2 2025, due to the following reasons:
• The continued top-line growth where revenue increased by 57% vs. Q2 2025. • Increase in the scale of the efficiencies resulting in an increase in operating profit, which increased by 84% vs. Q2 2025. This resulted in an increase in operating profit margin to 42.6% vs. 36.2% in Q2 2025. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | Sales/revenue in 9M 2025 increased by 83% vs. 9M 2024, due to the continued growth in motor retail, upgrades in the leasing model, on-boarding of new customers in the leasing business, strong growth in health supported by continued product innovation and digital adoption, and the positive performance of the newly launched verticals and services. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Net profit in 9M 2025 increased by approximately 3x vs. 9M 2024, due to the following reasons:
• The strong top-line growth where revenue increased by 83% vs. 9M 2024. • An increase in the gross profit margin by 10.7p.p. (70.9% in 9M 2025 vs. 60.2% during 9M 2024). • Increase in operating profit by 177% vs. 9M 2024 driven by continued increase in scale, the shift in the leasing business model and the onboarding of new customers in the leasing business. This resulted in an increase in operating profit margin to 35.8% vs. 23.6% in 9M 2024. • Enhancing operational efficiency and improving procedures and processes related to contracts to help reduce certain expenses and costs, and improve profit margins. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | NA |
| Reclassification of Comparison Items | NA |
| Additional Information | The attached document includes an adjusted profit margin after excluding non-cash expenses of SAR 14.9 million related to the employee stock program (Long-Term Incentive Plan) for the first nine months of this year. Accordingly, the company’s adjusted net profit for the nine months of 2025 amounts to SAR 172.2 million, compared to SAR 54.9 million for the same period in 2024, representing a growth of more than 3x.
The company would like to invite its respective shareholders and financial analyst to attend a conference call for discussing the financial results for the period ending with 30/09/2025. The call is scheduled to be on Tuesday, the 4th of November 2025 at 16:30 Saudi Time. At the end of the call, there will be an interactive Q&A session.
For further details of the call including the registration link, kindly check the attachment or contact the investor relations through [email protected] |
| Attached Documents |  |
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