Financial Results : eXtra makes SAR 497M profit in 2025; Q4 at SAR 161.6M

eXtra makes SAR 497M profit in 2025; Q4 at SAR 161.6M

12/01/2026 Argaam Exclusive

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United Electronics Co. (eXtra) reported a net profit (excluding minority interest) of SAR 497 million in 2025, compared to SAR 527.9 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 6,781.20 7,446.12 9.8 %
Gross Income 1,558.97 1,790.58 14.9 %
Operating Income 609.24 669.71 9.9 %
Net Income 527.90 497.00 (5.9 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 6.29 6.21 (1.2 %)
EPS (Riyal) 6.60 6.21 (5.9 %)

The company attributed improved profits to higher 9.8% year-on-year (YoY) revenues, reaching SAR 7.44 billion, in addition to a 14.9% hike in gross profit in 2025. The improvement came in spite of higher sales and distribution expenses and general and administrative (G&A) expenses.

 

For fair comparison, the comparable net profit attributable to shareholders’ value was adjusted to non-recurring events, as it would have grown by 12%. These events were the reversal of SAR 16.3 million in provisions related to potential obligations no longer needed in the retail sector and SAR 10.5 million in debt recovery, resulting in the reversal of provisions for previously granted debts in the retail sector, as well as the initial public offering (IPO) of United International Holding Company in December 2024.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 1,675.07 1,788.43 6.8 %
Gross Income 432.36 483.18 11.8 %
Operating Income 197.43 204.73 3.7 %
Net Income 171.10 161.61 (5.5 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 2.03 2.02 (0.5 %)
EPS (Riyal) 2.14 2.02 (5.5 %)

Total shareholders’ equity (after minority interest) amounted to SAR 1.63 billion as of Dec. 31, 2025, compared to SAR 1.7 billion in a year earlier period.

 

Q4 2025 profit reached SAR 161.1 million, compared to SAR 171.1 million in the prior-year period.

 

Net profit attributable to the company's shareholders for the comparable period Q4 2024 included a debt recovery amounting to SAR 10.5 million from the reversal of provisions. Excluding the financial impact of this reversal, the adjusted net profit would have grown by 7.1% in Q4 2025.

 

On a sequential basis, net profit increased by 13.2% from SAR 142.7 million in Q3 2025.

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