United Electronics Company (Extra) announces the estimated financial results for the period ending on 31 December 2025 (Twelve Months)
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,788.41 | 1,675.07 | 6.766 | 1,792.31 | -0.217 |
| Gross Profit (Loss) | 483.13 | 432.35 | 11.745 | 451.12 | 7.095 |
| Operational Profit (Loss) | 203.35 | 197.43 | 2.998 | 192.17 | 5.817 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 158.4 | 158.37 | 0.018 | 142.75 | 10.963 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 157.97 | 158.3 | -0.208 | 142.85 | 10.584 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 7,446.09 | 6,781.2 | 9.804 |
| Gross Profit (Loss) | 1,790.52 | 1,558.97 | 14.852 |
| Operational Profit (Loss) | 668.02 | 609.24 | 9.648 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 493.8 | 467.73 | 5.573 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 493.06 | 474.37 | 3.939 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,627.44 | 1,709.66 | -4.809 |
| Profit (Loss) per Share | 6.17 | 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 quarter compared to the same quarter of the last year is | During this quarter, the company recorded growth in total revenues across both the retail and consumer finance sectors compared to the same quarter of the previous year, with revenues reaching SAR 1,788.4 million vs SAR 1,675.1 million, reflecting an increase of 6.8% y-o-y.
In the retail sector, sales grew by 5.5% y-o-y. This improvement is attributed to growth across all channels supported by the continuous enhancement of the shopping experience and the success of promotional campaigns.
As for the consumer finance sector, revenues grew by 17.6% y-o-y, driven by a 27% increase in the financing portfolio vs the same period last year. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The Company reported flat net profit of SAR 158.4 million during the current quarter, compared to SAR 158.4 million in the same quarter of the previous year. For normalization purposes, the comparative figure has been adjusted to reflect the impact of the initial public offering of United International Holding Company in December 2024 on the net profit attributable to the company' sharholders.
While net profit before non-controlling interest reached SAR180.9 million, compared to SAR 177.7 million in the same quarter of the previous year, with a growth rate of 1.8%, this was driven by revenue growth, which led to a 11.7% increase in gross profit. The company also achieved an improvement in gross margin by 1.2%, reaching an all-time high margin of 27.0% in 4Q 2025, mainly attributable to the evolution of the sales mix of the retail sector and the growth of the consumer finance sector.
It is worth noting that the net profit attributable to the company's shareholders for the comparable period 4Q 2024 includes a debt recovery amounting to SAR 10.5 million from the reversal of provisions after recovering amounts previously associated with debts granted by United Electronics Company in the retail sector. After excluding the financial impact of this reversal, the adjusted net profit attributable to the company's shareholders for 4Q 2025 grew by 7.1%. |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company’s revenues slightly declined during this quarter compared to the previous quarter, due to changes in sales seasonality. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | During this quarter, the Company recorded a net profit of SAR 158.4 million, compared to SAR 142.8 million in the previous quarter. This increase was mainly driven by an improvement in gross profit margin, despite the increase in general and administrative expenses. In addition to higher provisions for expected credit losses from the consumer finance sector. |
| The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | 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 period compared to the same period of the last year is | The Company recorded a net profit of SAR 493.8 million, compared to SAR 467.7 million in the prior year, with a growth rate of 5.6%.
For normalization purposes, the comparative figure has been adjusted to reflect the impact of the initial public offering of United International Holding Company in December 2024 on the net profit attributable to the company's shareholders,
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%. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| 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) | These estimated financial results for the period ending December 31, 2025, have been prepared by the company's management and have not been audited or reviewed by its external auditor. |
| 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 period ending December 31, 2025, before deducting non-controlling interests, amounted to SAR 7.2, and SAR 6.17 after deducting non-controlling interests, compared to the same period last year, before deducting non-controlling interests, amounted to SAR 6.68, and SAR 5.85 after deducting non-controlling interest |
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