Element List Current Year Previous Year %Change
Sales/Revenue 7,446.12 6,781.2 9.8
Gross Profit (Loss) 1,790.58 1,558.97 14.86
Operational Profit (Loss) 669.71 609.24 9.93
Net Profit (Loss) Attributable to Shareholders of the Issuer 497 467.73 6.26
Total Comprehensive Income Attributable to Shareholders of the Issuer 493.91 474.37 4.12
Total Shareholders Equity (after Deducting Minority Equity) 1,635.74 1,709.66 -4.32
Profit (Loss) per Share 6.21 5.85
All figures are in (Millions) Saudi Arabia, Riyals


 

Element List Amount Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value - -
All figures are in (Millions) Saudi Arabia, Riyals


 

Element List Explanation
The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year The Company’s revenues increased by 9.8% during 2025, reaching SAR 7,446.1 million compared to SAR 6,781.2 million last year. This growth was driven by two main factors:

 

 

-Retail sector: supported by an enhanced shopping experience and growth in sales across all channels.

-Consumer finance sector: driven by a 27% growth in the consumer finance portfolio during the year.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is The Company recorded a net profit of SAR 497.0 million, compared to SAR 527.9 million in the previous year, reflecting a decrease of 5.85%, based on the figures reported in the financial statements. It should be noted that the comparative period did not reflect the impact of the initial public offering (IPO) of United International Holding Company, which took place in December 2024, when the company was wholly owned by United Electronics Company. Accordingly, the year-on-year comparison is affected by the change in the Group’s structure following the IPO.

 

 

For the purpose of ensuring a fair comparison, the comparative figure was adjusted to reflect the impact of the IPO on net profit attributable to shareholders. Excluding the impact of this structural change, net profit increased by 6.3%, reaching SAR 497.0 million for the current year compared to SAR 467.7 million for the previous year (based on adjusted figures).

 

While net profit before non-controlling interest reached SAR 576 million, compared to SAR 534.4 million last year, with a growth rate of 7.8%. The increase in revenues and the improvement in gross profit by 14.9%, during the year contributed to the growth in net profit, despite higher selling, distribution, general, and administrative expenses.

 

After excluding the impact of non-recurring events from the comparable period (2024), which includes:

-The reversal of provisions amounting to SAR 16.3 million related to potential obligations no longer needed in the retail sector.

- Debt recovery amounting to SAR 10.5 million resulting in the reversal of provisions for previously granted debts by United Electronics Company in the retail sector.

 

The adjusted net profit attributable to the company's shareholders growth becomes 12.7%, based on the adjusted net profit for the comparative period.
Statement of the type of external auditor's report Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) None
Reclassification of Comparison Items None
Additional Information The company uses the cost model option for measuring properties and investment properties.

 

 

The company purchased 2,635,208 treasury shares starting from the date of the shareholders’ approval in the General Assembly meeting held on May 26, 2025.

 

Earnings per share (EPS) for the current year, after deducting non-controlling interests, amounted to SAR 6.21, and SAR 7.2 before deducting non-controlling interests, compared to last year after deducting non-controlling interests, amounted to SAR 5.85, and SAR 6.68 before deducting non-controlling interest

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