Rasan posts profit of SAR 75M in H1 2025, SAR 45M in Q2

Rasan Information Technology Co.’s net profit jumped to SAR 75 million in the first half of 2025, from SAR 18.3 million a year earlier.

Revenue increased by 88% year-on-year (YoY) due to the continued growth in motor retail, upgrades in the leasing model, strong growth in health supported by continued product innovation and digital adoption, and early traction from recently launched verticals.

Gross profit margin increased by 12.6% to 72% in H1 2025 from 59.4% during H1 2024.

Operating profit surged by 246% YoY driven by continued increase in scale and the shift in the leasing business model. This resulted in an increase in operating profit margin to 30.7% from 16.6% in H1 2024.

The company also incurred non-recurring expenses in the same period of the previous year related to the company’s listing costs on the Main Market.

Meanwhile, results improved on enhanced operational efficiency and improved procedures and processes related to contracts to help reduce certain expenses and costs, and improve profit margins.

Rasan registered SAR 45 million profit in Q2 2025, compared to SAR 8.8 million in the year earlier period.

Quarter-on-quarter, Q2 net profit grew 50% from SAR 30 million.

At the end of the period, shareholders' equity, no minority interests, stood at SAR 507.3 million, up from SAR 334 million a year earlier.

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