Rasan (8313) Q2 2026 earnings summary

Executive summary

• Achieved 111% year-over-year revenue growth in H1 2026, reaching SAR 517 million, with broad-based momentum across all business lines.

• Adjusted EBITDA rose 156% year-over-year to SAR 236 million, with margin expanding to 46%, reflecting improved profitability and operational leverage.

• Adjusted net profit increased 158% to SAR 216 million, with margin rising to 42%.

• Expanded product and service portfolio to over 20 live offerings, including six new launches and new verticals such as SME Motor, Travel, Home, and Protection & Savings.

• Market capitalization increased by approximately 252% since IPO, reaching SAR 9.85Bn as of August 2026.

Financial highlights

• Gross written premium (GWP) totaled SAR 5.4Bn, up 53% year-over-year.

• Gross profit doubled to SAR 358 million, with a gross margin of 69% (down from 72% in H1 2025).

• Adjusted EBITDA margin reached 46% in H1 2026, up from 38% in H1 2025.

• Adjusted net profit margin was 42% in H1 2026, up from 34% in H1 2025.

• Reported net profit increased 168% year-over-year to SAR 174 million.

Outlook and guidance

• Continued focus on scaling new products and services, including groundwork for launching financial services and disciplined investment in technology, products, and partnerships.

• Ongoing expansion of the insurance ecosystem, particularly in motor leasing and health SME segments.

• Focus on maintaining profitability and strong cash generation to support long-term value creation.