United Electronics Company (Extra) announces the estimated financial results for the period ending on 30 September 2025 (Nine Months)

During this quarter, the company recorded growth in total revenues across both the retail and consumer finance segments compared to the same quarter of the previous year, with revenues reaching SAR 1,792.3 million versus SAR 1,603.4 million, reflecting an increase of 11.8%.

In the retail segment, sales grew by 10.5%, supported by strong performance across all three sales channels: showrooms, “Clix”, and e-commerce. The success of the National Day campaign and the back-to-school season also contributed positively. Furthermore, the expansion of the subscriber base in the paid loyalty program “Jood” helped increase the average basket size.

As for the consumer finance segment, revenues grew by 23.2% year-on-year, driven by a 29% increase in the financing portfolio during the same period.

The company reported a net profit of SAR 167.2 million during the current quarter, compared to SAR 156.3 million in the same quarter of the previous year. This was driven by revenue growth, which led to a 15.6% increase in gross profit, reaching SAR 451.1 million versus SAR 390.2 million in the same period last year.

The company also achieved an improvement in gross margin by 0.8%, reaching 25.2% in the current quarter, mainly attributable to the evolution of the sales mix and the growth of the consumer finance segment.

These factors positively impacted net profit, which grew by 7%. It is worth noting that the net profit for the same quarter of the previous year included the reversal of provisions for potential obligations that were no longer needed, related to the retail sector, amounting to SAR 16.3 million. Excluding the financial impact of this item, the adjusted net profit growth would have been 19.4%.

The Company’s revenues increased by 10.8% during the current period, reaching SAR 5,657.7 million compared to SAR 5,106.1 million in the same period of last year. This growth was driven by two main factors:

Retail segment: Supported by an enhanced shopping experience, growth in sales through ‘Clix’ and e-commerce channels, as well as the expansion of the subscriber base in the paid loyalty program ‘Jood,’ which contributed to higher average basket value and increased sales volumes.

Consumer finance segment: Driven by a 29% growth in the consumer finance portfolio during the same period.

The increase in revenues and the improvement in gross profit during the current period contributed to the growth in net profit, despite higher selling, distribution, general, and administrative expenses.

Gross profit increased by 16% compared to the same period last year.

Net profit reached SAR 395.1 million, compared to SAR 356.8 million in the prior-year period, representing a growth of 10.7%.

It is worth noting that the net profit for the same quarter of the previous year included the reversal of provisions for potential obligations that were no longer needed, related to the retail sector, amounting to SAR 16.3 million. Excluding the impact of this item, the adjusted net profit growth would have been 16%.

The company uses the cost model option to measure its properties and investment properties.

The company also purchased 1,914,578 treasury shares from the date of shareholders’ approval on the General Assembly meeting held on May 26, 2025.