Rasan (8313) Q4 2025 earnings summary

Executive summary

• Achieved record FY 2025 results with revenue of 653M, up 82% year-over-year, and adjusted net profit of 269M, up 184% year-over-year, highlighting platform scalability and broad-based momentum.

• Growth driven by strong performance across all verticals, new product launches, and expanded strategic partnerships.

• Platform strengthening, product diversification, and operational excellence contributed to profitability and market leadership.

• Gross written premiums rose 30% year-over-year to 8.5 billion, with strong growth across core verticals and early contributions from new products.

• Launched multiple new products, including Health Individual, Home, Protection & Savings, and Domestic Helper Contract insurance, supporting platform expansion and diversification.

Financial highlights

• Revenue reached 653M, an 82% increase year-over-year; gross profit was 465M, up 95% year-over-year, with gross margin improving to 71.2%.

• Adjusted EBITDA rose to 293M (44.9% margin), up 158% year-over-year.

• Adjusted net profit was 269M (41.2% margin), up 184% year-over-year.

• Operating cash flow increased to 333M, up 102% year-over-year.

• Reported net profit reached 247M, up 161% year-over-year, with margin at 37.8%.

Outlook and guidance

• FY 2026 revenue guidance set at 900–975M, representing 38–49% year-over-year growth.

• Gross profit margin expected between 70–72%; adjusted EBITDA margin projected at 41–46%.

• Focus on expanding product lines, reinforcing leadership in core verticals, and entering adjacent financial services.