Rasan (8313) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached SAR 517.5 million, more than doubling year-over-year, driven by strong growth across all business lines and verticals.

• Adjusted EBITDA rose 156% to SAR 236 million, with a margin of 46%, reflecting significant operating leverage and improved profitability.

• Net profit increased 168% year-over-year to SAR 174.1 million, while adjusted net profit grew 158% to SAR 216 million.

• Product and service portfolio expanded to over 20 live offerings, with six new launches in the past year.

• 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 for H1 2026 was SAR 358.2 million, with a gross margin of 69%.

• Operating profit for H1 2026 was SAR 179.8 million, compared to SAR 64.9 million in H1 2025.

• Basic EPS for H1 2026 was SAR 2.27, up from SAR 0.86 in H1 2025; diluted EPS was SAR 2.26.

• Shareholders’ equity increased to SAR 965.1 million from SAR 718.7 million at year-end 2025.

Outlook and guidance

• Continued disciplined investment in technology, products, and partnerships to extend market leadership.

• Focus on scaling new products and services, including groundwork for launching financial services.

• Management is closely monitoring geopolitical risks and preparing for IFRS 18 adoption.