First published: 17-Feb-2026 12:20:24

Riyadh, Saudi Arabia – Rasen Information Technology Company (Tadawul: 8313), a leading insurtech and fintech company in Saudi Arabia, announced record financial results for the fiscal year ending December 31, 2025.

Key financial results:

• Revenue: SAR 653 million, an increase of 82% year-on-year.

• Gross profit: SAR 465 million, up 95% year-on-year, with profit margin improved to 71.2% compared to 66.5%.

Adjusted earnings before interest, taxes and depreciation: SAR 293 million, up 158% year-on-year, with the margin reaching 44.9% compared to 31.7% in 2024.

Adjusted net profit: SAR 269 million, an increase of 184% year-on-year.

• Net profit reported: SAR 247 million, an increase of 161% year-on-year.

Total premiums written: SAR 8.5 billion, up 30% year-on-year.

Operational performance:

Rasen recorded growth across all its business segments, driven by the performance of its personal vehicle insurance, lease finance vehicle insurance, and health insurance activities. During the year, the company launched new products including personal health insurance, home insurance, protection and savings products, and domestic worker contract insurance, as part of its platform expansion and product diversification efforts.

Process efficiency:

The adjusted EBITDA margin widened by 13.2 percentage points, reflecting strong operational efficiency, with revenue growing by 82% against a limited increase in operating expenses. The adjusted net profit margin reached 41.2%, an increase of 14.8 percentage points, supported by the company’s low-capital-intensive business model and strong investment returns. Rasen also continues to maintain a debt-free financial position.

A word from the administration:

“2025 was a pivotal year for Rasen, as we achieved record results that cemented our position as a leading platform in insurance technology and financial technology in the Kingdom,” said Mr. Muayyad Al-Fallaj, Co-Founder and CEO. “These results confirm the strength of our business model and its ability to transform growth into profitability, as we move forward to accelerate our growth and deepen our integration into the financial system in line with the Kingdom’s Vision 2030.”

About Rasan:

Rasan operates digital platforms including "Ta'meeni," a platform that aggregates leading insurance offerings in the Kingdom, and "Triza," a digital platform for financing leased vehicles. The company provides financial technology solutions in partnership with insurance companies and financial institutions, supporting financial inclusion and digital transformation.

Investor relations:

Name and job title: Zuhair Hussein, Chief Investment Officer
Email: investors@rasan.co

-I finish-

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