Rasan Extends Strong Momentum into 1H 2026 with Revenue of SAR 517 Million, Up More Than 111% Year-on-Year>

Rasan Information Technology Company (Tadawul: 8313), the leading Insurtech and Fintech platform in the Kingdom of Saudi Arabia, today announced its financial results for the first half of 2026, reporting sustained growth momentum, strong profitability, and broad-based growth across every vertical. Financial Highlights: Revenue: SAR 517 million, up 111% YoY – more than doubling versus 1H 2025 Gross Profit: SAR 358 million, up 103% YoY, with gross margin of 69.2% Adjusted EBITDA: SAR 236 million, up 156% YoY, with margin expanding to 45.6% Adjusted Net Profit: SAR 216 million, up 158% YoY, with margin reaching 41.7% Reported Net Profit: SAR 174 million, up 168% YoY Gross Written Premiums (GWP): SAR 5.4 billion, up 53% YoY Business Performance: Rasan's performance in the first half of 2026 reflected broad-based execution across its verticals, with Motor Retail, Motor Leasing, and Health all delivering strong growth. The Company continued to develop its platform, including the launch of Motor SME during the quarter, while more recently launched products further broadened the revenue base, underscoring the depth and diversity of Rasan's platfor...Rasan Information Technology Company (Tadawul: 8313), the leading Insurtech and Fintech platform in the Kingdom of Saudi Arabia, today announced its financial results for the first half of 2026, reporting sustained growth momentum, strong profitability, and broad-based growth across every vertical. Financial Highlights: Revenue: SAR 517 million, up 111% YoY – more than doubling versus 1H 2025 Gross Profit: SAR 358 million, up 103% YoY, with gross margin of 69.2% Adjusted EBITDA: SAR 236 million, up 156% YoY, with margin expanding to 45.6% Adjusted Net Profit: SAR 216 million, up 158% YoY, with margin reaching 41.7% Reported Net Profit: SAR 174 million, up 168% YoY Gross Written Premiums (GWP): SAR 5.4 billion, up 53% YoY Business Performance: Rasan's performance in the first half of 2026 reflected broad-based execution across its verticals, with Motor Retail, Motor Leasing, and Health all delivering strong growth. The Company continued to develop its platform, including the launch of Motor SME during the quarter, while more recently launched products further broadened the revenue base, underscoring the depth and diversity of Rasan's platfor...{}