Rasan FY 2025 financial results show record performance as Rasan Information Technology Company reported revenue reaching SAR 653 million, representing an 82% increase year-over-year. The company, which operates the Tameeni insurance aggregator and Treza motor leasing platform, demonstrated strong performance across all key metrics in Rasan FY 2025.
Financial Performance Highlights
The company’s gross profit reached SAR 465 million, up 95% year-over-year, with margin expanding to 71.2% from 66.5%. Adjusted EBITDA increased 158% to SAR 293 million, with margin reaching 44.9% versus 31.7% in FY 2024. Adjusted net income nearly tripled, rising 184% to SAR 269 million, while reported net profit increased 161% to SAR 247 million.
Gross written premiums totaled SAR 8.5 billion, up 30% year-over-year. The company maintained a debt-free balance sheet throughout the period.
Business Segment Growth
The company recorded growth across all business segments, including Motor Retail, Motor Leasing, and Health. During the year, Rasan launched several new products including Health Individual, Home, Protection & Savings, and Domestic Helper Contract insurance.
Operating Efficiency Improvements
Adjusted EBITDA margin expanded by 13.2 percentage points, demonstrating operating leverage as revenue grew 82% while operating expenses increased at a lower rate. Adjusted net income margin reached 41.2%, up 14.8 percentage points, supported by the company’s capital-light model and higher investment returns.
Management Statement
“2025 was a landmark year for Rasan. We delivered record results across every key metric, firmly establishing our position as the Kingdom’s leading insurtech and fintech platform. These results demonstrate the strength and scalability of our platform-driven model, converting strong top-line growth into exceptional profitability.”
Moayad Alfallaj, Co-founder and CEO
Alfallaj stated the company is positioned to accelerate its growth trajectory and deepen integration across the Kingdom’s financial ecosystem. The company’s strategy aligns with Vision 2030, contributing to financial inclusion and digital transformation in Saudi Arabia.
Company Overview
Rasan operates digital platforms including Tameeni, Saudi Arabia’s insurance aggregator, and Treza, a digital motor leasing platform. The company delivers technology-driven financial solutions through partnerships with insurance companies and financial institutions. Rasan trades on Tadawul under ticker 8313.
