Rasan Corrects 2025 Revenue to SAR 285 Million After Reclassification

RASAN

RASAN

8313.SA

0.00

On August 26, 2026, Rasan issued a corrective announcement to amend figures published in its financial results announcement dated August 10, 2026, relating to a reclassification of certain amounts between revenue and cost of sales for the six-month and three-month periods ended June 30, 2025. The correction revises the six-month period revenue from SAR 245 million to SAR 285 million, reducing the reported year-on-year revenue growth rate for the six-month period ended June 30, 2026 from 111% to 82%; similarly, the three-month period revenue is restated from SAR 124 million to SAR 146 million, reducing the corresponding quarterly growth rate from 106% to 75%. The reclassification, which shifts certain amounts from a net to a gross presentation basis, resulted in equal increases in reported revenue and cost of sales of approximately SAR 40 million for the six-month period and approximately SAR 22 million for the three-month period, with no impact on gross profit, operating profit, net profit, total comprehensive income, cash flows, equity, or financial position.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97795&anCat=1&cs=8313&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/21092_5906_2026-08-25_15-04-21_en.pdf

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.