Rasan Information Technology Co. · TADAWUL:8313
Rasan Information Technology — H1 2026 Earnings Presentation
26 slides from Rasan Information Technology's earnings presentation, Aug 10, 2026
Slide 1: Rasan's Earnings Call H1 2026
Rasan’s Earnings Call H1 - 2026 10 August 2026
Slide 2: Disclaimer
Disclaimer This presentation contains certain statements that are forward-looking statements. They appear in a number of places throughout this presentation and include statements regarding the intentions, beliefs and/or current expectations of Rasan Information Technology Co (“Rasan” or the “Compan
Slide 3: Agenda
01 | Business Update 02 | Financial Performance AGENDA 03 | Q&A 3
Slide 4: Business Update
BUSINESS UPDATE
Slide 5: Two Years Of Execution Since IPO: Growing Faster, More Profitable, & Across More Products
Two Years Of Execution Since IPO: Growing Faster, More Profitable, & Across More Products Key Indicators: v Faster YoY revenue growth: 111% YoY v More profitable: 46% Adj. EBITDA Margin H1 2026 INVESTOR RELATIONS PROGRAM OF THE YEAR 2025 AWARD v Larger products/services portfolio: +20 live products
Slide 6: Constant Momentum Across the Business Lines
Constant Momentum Across the Business Lines 111% C U M U L AT I V E R E V E N U E G R O W T H +79% +153% +34% +751% YoY Rev. growth YoY Rev. Growth YoY Rev. Growth YoY Rev. Growth M O T O R R E TA I L MOTOR LEASING H E A LT H OTHER PRODUCTS § +48% Comprehensive § +45% GWP growth § +38% total GWP gro
Slide 7: Continued Growth In Motor Retail Insurance
Continued Growth In Motor Retail Insurance Overall Motor Insurance GWP1 growth by quarter Indexed (Q1 2025 = 100) Tameeni Retail +52% cumulative M O T O R R E TA I L Market Retail +28% cumulative INSURANCE Continuing to contribute to the innovation of the motor retail insurance in the Kingdom Q1 Q2
Slide 8: Continue Supporting Market Growth And Evolution
Continue Supporting Market Growth And Evolution EXPANDING THE ECOSYSTEM HIGHER ATTENTION TO USED VEHICLES Used vehicle share of new leasing business MOTOR LEASING 21 22 nearly doubled YoY INSURANCE Financial Institutions Insurance Companies Live Integrated 1.9x Onboarding new player Continuing to ex
Slide 9: Health SME Continuing Sustained Growth
Health SME Continuing Sustained Growth Noticeable growth in members insured Increase in Premiums in the last 6 months Member Insured through Tameeni Average premium X Member +44% H E A LT H S M E INSURANCE +9% Health SME growth driven by volume and price increase 2025-H1 2026-H1 2026-Q1 2026-Q2 9
Slide 10: Continue Expanding Product And Services Portfolio
Continue Expanding Product And Services Portfolio 360 INSURANCE VIEW VA L U E C H A I N E X PA N S I O N Continuing to build the one-stop-shop for insurance Accelerated customer support across the value chain DH- Contract DH - Health Tameeni Hero Claim FNOL & Tracking Medical Malpractice Marine Trav
Slide 11: Financial Performance
FINANCIAL PERFORMANCE
Slide 12: H1 2026: Growth More Than Doubled While Profitability Sustained
H1 2026: Growth More Than Doubled While Profitability Sustained GWP VOLUMES REVENUE 5.4 B +12% Motor +20% Motor +44% Health1 517 MM +53% Y-o-Y Retail Leasing +111% Y-o-Y GROSS MARGIN ADJUSTED NET PROFIT ADJUSTED EBITDA 69% 216 MM 236 MM -3% Y-o-Y +158% Y-o-Y +156% Y-o-Y 1. Growth in Health SME m
Slide 13: Two Accounting Refinements During 2Q 2026 Review
Two Accounting Refinements During 2Q 2026 Review Adjustment 1 Adjustment 2 ESOP Attribution Receivables & Payables De-recognition • “Straight line” to “Tranche by tranche” • De-recognition of leasing receivables Overview of change or staged vesting under IFRS 2 and payables • Treatment reflects trea
Slide 14: Updated ESOP Treatment Front-loads Same Total Cost
Updated Treatment Recognizes The Same Total ESOP Cost But Front-loads It Relative To Straight-line COMPARISION OF ESOP EXPENSE BETWEEN TRACHED vs. STRAIGHT LINE KEY POINTS Total Cost is Unchanged Tranched (staged vesting) Same fair value, same vesting period Annual ESOP charge Tranched is Front-load
Slide 15: Agency-related Leasing Receivables And Payables Are Being De-recognized From Balance Sheet
Agency-related Leasing Receivables And Payables Are Being De-recognized From Balance Sheet RE-RECOGNITION OF RECEIVABLES & PAYABLES RELATING TO LEASING KEY POINTS 2025 ECL Pro-forma million Reported De-recognition Release for Adj.1 Agency Balances Removed Amounts held on behalf of lessors and insur
Slide 16: Broad-based Momentum: All Verticals Delivered Attractive Growth
Broad-based Momentum: All Verticals Delivered Attractive Growth Revenue MM ü Rasan's growth momentum continued in 1H 2026, with total revenue more +111% +5% than doubling year-on-year and 517 increasing by 111% to reach 517 -2% million, compared to 245 million in 261 256 245 1H 2025 16 245 Q1 20
Slide 17: Gross Profit Doubled with Margin at Attractive Levels
Gross Profit Doubled – with Margin Remaining at Attractive Levels through Product Diversification Gross Profit and Margin ü Gross profit increased by 103% MM, % compared to H1 25 due to higher 71% 67% 72% 69% revenue +103% 358 ü Gross profit margin was 69%, compared with 72% in 1H 2025, a natural
Slide 18: Adj. EBITDA More Than Doubled In H1 2026
Adj. EBITDA More Than Doubled In H1 2026 Whilst Continuing To Invest In New Product Launches Adj. EBITDA1 evolution and Margin MM, % ü Adjusted EBITDA rose by 156% 45% 46% 38% 46% YoY to 236 million in H1 2026, with an adjusted EBITDA margin 156% of 46%, up from 38% in the first half of 2025 236
Slide 19: High Conversion Rate From Adj. EBITDA To Adj. Net Profit
High Conversion Rate From Adj. EBITDA To Adj. Net Profit Adj. Net Profit and Margin MM, % 41% 43% 34% 42% ü Adjusted Net Profit rose by 158% YoY to 216 million in H1 2026, +2% +158% with an adjusted Net Profit margin 107 109 216 of 42%, up from 34 % in the first half of 2025 84 ü Roughly 90% of A
Slide 20: Supporting Materials
FASanN Materials i} ie)
Slide 21: H1 2026: Summary P&L for Q2 2026 and H1 2026
H1 2026 : Summary P&L for Q2 2026 and H1 2026 Million Q2 20252 Q2 2026 Var% H1 20252 H1 2026 YoY Var% Motor 59 109 83% 119 213 79% Lease 47 108 130% 91 231 153% Health 16 23 39% 31 42 34% Others 2 18 888% 4 32 751% Revenue 124 256 106% 245 517 111% Direct Cost (34) (84) 149% (69) (159) 132% Gross
Slide 22: Reconciliation of Net Profit to Adj. Net Profit and Adj. EBITDA
Reconciliation of Net Profit to Adj. Net Profit and Adj. EBITDA million 2Q 2026 2Q 2025* 1H 2026 1H 2025* Reported net profit 85 40 174 65 (+) Non-cash ESOP costs 24 12 42 19 Adjusted net profit 109 51 216 84 (+) Finance costs 1 0 2 1 (+) Depreciation and amortisation 8 5 14 9 (+) Total zakat and
Slide 23: Reconciliation between Reported and Restated P&L (1H 2025 and 2Q 2025)
Reconciliation between Reported and Restated P&L (1H 2025 and 2Q 2025) 1H 2025 2Q 2025 Asset/ Asset/ ESOP Pres. ESOP Pres. million Reported Attribution Liab. of ECL Restated Reported Attribution Liab. of ECL Restated Derecog. Derecog. Revenues 245 - - - 245 124 - - - 124 Cost of revenues (69) - -
Slide 24: Reconciliation between Reported and Restated Adj. EBITDA and Adj. Net Income
Reconciliation between Reported and Restated Adj. EBITDA and Adj. Net Income (1H 2025 and 2Q 2025) 1H 2025 2Q 2025 Asset/ Asset/ ESOP Pres. ESOP Pres. million Reported Liab. Restated Reported Liab. Restated Attribution of ECL Attribution of ECL Derecog. Derecog. Reported net profit 75 (10) - - 65
Slide 25: Reconciliation between Reported and Restated Balance Sheet (2025)
Reconciliation between Reported and Restated Balance Sheet (2025) Asset/ Liability Asset/ Liability million 2025 Reported ESOP Attribution Derecognition – Derecognition Restated ECL Release ASSETS Trade & other receivables 470 - 6 (372) 104 Other assets 878 7 - - 885 Total assets 1,348 7 6 (372) 9
Slide 26: Thank You
Thank You ﺷﻜﺮاﹰ
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