Financial Results : Rasan profit jumps 187% to SAR 157.3M in 9M 2025; Q3 at SAR 82.3M

Rasan profit jumps 187% to SAR 157.3M in 9M 2025; Q3 at SAR 82.3M

27/10/2025 Argaam Exclusive

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Rasan Information Technology Co.’s net profit jumped 187% to SAR 157.3 million in the first nine months of 2025, from SAR 54.9 million a year earlier.



Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 240.50 439.60 82.8 %
Gross Income 144.80 311.70 115.3 %
Operating Income 57.00 158.10 177.4 %
Net Income 54.90 157.30 186.5 %
Average Shares 75.80 77.51 2.3 %
Earnings Per Share before unusual items (Riyals) 0.72 2.22 206.8 %
EPS (Riyal) 0.72 2.03 180.2 %

The company attributed the profit increase to an 83% rise in revenues during the first nine months of 2025, driven by growth in vehicle and health insurance, new clients in the vehicle leasing sector, and the positive performance of newly launched services.

 

 

Gross profit margin rose to 70.9%, and operating profit jumped 177% due to higher business volume and improved efficiency, which helped reduce costs and enhance margins.



Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 110.00 194.80 77.1 %
Gross Income 67.40 135.50 101.0 %
Operating Income 35.30 83.10 135.4 %
Net Income 36.60 82.30 124.9 %
Average Shares 75.80 77.51 2.3 %
Earnings Per Share before unusual items (Riyal) 0.48 1.16 140.2 %
EPS (Riyal) 0.48 1.06 119.9 %

Rasan net profit leapt 124.9% to SAR 82.3 million profit in Q3 2025, compared to SAR 36.6 million in the year earlier period.

 

Quarter-on-quarter, Q3 net profit leapt 82.9% from SAR 45 million.

 

At the end of the period, shareholders' equity, with no minority interests, stood at SAR 601.1 million as of Sept. 30, 2025, up from SAR 371.1 million a year earlier.

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