Rasan Information Technology Company has published its **Rasan financial results** for the first half of 2026, showing a revenue increase of 111% year-on-year to reach SAR 517 million. The company, which operates in the economy and fintech sectors, reported growth across all its business verticals during this period.
Analysis of Rasan financial results
The **Rasan financial results** indicate growth across all core business segments. The company reported a gross profit of SAR 358 million, representing a 103% increase compared to the first half of 2025, with a gross margin of 69.2%. Adjusted EBITDA reached SAR 236 million, up 156% year-on-year, while the adjusted EBITDA margin expanded to 45.6%.
Reported net profit for the period stood at SAR 174 million, which is a 168% increase compared to the previous year. Additionally, the adjusted net profit rose by 158% to reach SAR 216 million, representing an adjusted net profit margin of 41.7%. Gross Written Premiums (GWP) grew by 53% year-on-year to reach SAR 5.4 billion.
Segment Performance and Platform Expansion
The company’s growth was driven by performance across its primary verticals, including Motor Retail, Motor Leasing, and Health. During the second quarter, the company expanded its digital offerings by launching the Motor SME product to target small and medium enterprises. These **Rasan financial results** reflect the performance of its digital platforms, which continue to diversify their revenue streams.
Rasan operates several digital platforms, including Tameeni, an insurance aggregator in Saudi Arabia, and Treza, a digital motor leasing platform. These platforms provide technology-driven financial solutions by partnering with insurance companies and financial institutions across the region.
Operating Leverage and Financial Position
The adjusted EBITDA margin expansion of 8.0 percentage points to 45.6% indicates operating leverage, as revenue growth outpaced the growth of operating costs. The adjusted net profit margin also increased by 7.5 percentage points to reach 41.7%. This margin expansion was supported by the company’s capital-light operating model and its debt-free balance sheet.
“Our first-half results demonstrate the power of Rasan’s platform model, with revenue more than doubling year-on-year and adjusted EBITDA rising 156% at a 46% margin. Motor Retail, Motor Leasing, and Health all delivered strong growth and the newer verticals are scaling rapidly.”
Nicola Garelli, Acting Chief Executive Officer of Rasan
Future Outlook and Vision 2030 Alignment
The company stated that it enters the second half of 2026 with a focus on extending its market leadership. Rasan’s business strategy remains aligned with the objectives of Saudi Vision 2030, specifically contributing to digital transformation and financial inclusion within the Kingdom’s financial sector.
