Rasan (8313) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 64% YoY to SR 818.6m; Q3 revenue reached a record SR 301.1m, up 40%.

• 9M adjusted EBITDA increased 92% to SR 359m and adjusted net profit rose 91% to SR 330m; reported net income was SR 284.1m.

• Growth spanned business lines, led by Motor Leasing and Motor Retail, with newer products gaining traction.

Financial highlights

• 9M gross profit rose 77% to SR 550.3m and operating profit increased 96% to SR 289.4m; Q3 gross profit was SR 192m, up 42%.

• 9M reported net income was SR 284.1m versus restated SR 146.9m; Q3 reported net income was SR 109.9m versus SR 82.0m.

• 9M cost of revenue was SR 268.2m, up 43%, below revenue growth of 64%; higher transaction volumes and product mix contributed.

• 9M operating expenses rose 59% to SR 261m; marketing expense was SR 137m versus SR 65m and G&A was SR 124m versus SR 99m.

Outlook and guidance

• FY2026 revenue guidance raised to SR 1,025–1,100m from SR 900–975m, with the midpoint 13% above prior guidance.

• FY2026 gross profit guidance raised to SR 725–750m versus SR 630–702m implied by prior guidance; adjusted EBITDA margin guidance reaffirmed at 41–46%.

• Priorities include expanding product portfolios and post-sale services, growing financial-services distribution, and contributing to Saudi Vision 2030; financing integrations with banks and NBFIs are ongoing.