Company Announcement
Rasan Information Technology Co. announces its Interim Financial results for the Period Ending on 2025-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 124.2 | 63.5 | 95.59 | 120.5 | 3.07 |
| Gross Profit (Loss) | 90.4 | 37.4 | 141.711 | 85.8 | 5.361 |
| Operational Profit (Loss) | 45.15 | 11.7 | 285.897 | 29.8 | 51.51 |
| Net profit (Loss) | 45 | 8.82 | 410.204 | 30 | 50 |
| Total Comprehensive Income | 45 | 8.03 | 460.398 | 30 | 50 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 244.7 | 130.5 | 87.509 |
| Gross Profit (Loss) | 176.2 | 77.5 | 127.354 |
| Operational Profit (Loss) | 75 | 21.7 | 245.622 |
| Net profit (Loss) | 75 | 18.3 | 309.836 |
| Total Comprehensive Income | 75 | 22.1 | 239.366 |
| Total Shareholders Equity (after Deducting Minority Equity) | 507.3 | 334 | 51.886 |
| Profit (Loss) per Share | 0.97 | 0.26 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Sales/revenue in Q2 2025 increased by 96% vs. Q2 2024, due to the continued growth in motor retail insurance, upgrades in the motor leasing insurance model, strong growth in health insurance supported by continued product innovation and digital adoption, and early traction from recently launched verticals. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit in Q2 2025 increased more than 4x vs. Q2 2024, due to the following reasons: • The strong top-line growth where revenue increased by 96% vs. 2Q 2024. • An increase in the gross profit margin by 13.8p.p. (72.8% in Q2 2025 vs. 58.9% during Q2 2024), driven by scale |