Rasan (8313) Q3 2025 earnings summary

Executive summary

• Achieved robust revenue growth of 83% year-over-year for the first nine months of 2025, reaching SAR 440 million.

• Gross profit increased by 115% year-over-year to SAR 312 million, with margin improving to 71%.

• Adjusted net profit surged 213% year-over-year to SAR 172 million, reflecting strong operational leverage.

• Report covers unaudited interim condensed consolidated financials for the three- and nine-month periods ended 30 September 2025.

• The group operates mainly in Saudi Arabia, with subsidiaries in UAE and Egypt, focusing on insurance aggregation, online auto auctions, and leasing insurance services.

Financial highlights

• Revenue for the nine months ended 30 September 2025 was SAR 440 million, up 83% year-over-year.

• Gross profit reached SAR 312 million, up 115% year-over-year; margin improved to 71%.

• Adjusted EBITDA was SAR 187 million, up 176% year-over-year; margin rose from 28% to 42%.

• Adjusted net profit was SAR 172 million, up 213% year-over-year; margin improved to 39%.

• Cash and cash equivalents at period end were SAR 574.5 million, up from SAR 451.0 million at 31 December 2024.

Outlook and guidance

• Upgraded FY2025 revenue guidance to SAR 625–650 million, representing 75–82% year-over-year growth.

• Gross profit margin expected between 68.0–70.0%.

• Adjusted EBITDA margin guidance raised to 38.0–41.0%.

• Results for the interim period are not necessarily indicative of full-year performance.