Financial Results : eXtra makes SAR 494M profit in 2025; Q4 at SAR 158M

eXtra makes SAR 494M profit in 2025; Q4 at SAR 158M

12/01/2026 Argaam Exclusive

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United Electronics Co. (eXtra) reported a net profit (excluding minority interest) of SAR 493.8 million in 2025, compared to SAR 467.7 million a year earlier.



Financials (M)

Item 2024 2025 Change‬
Revenues 6,781.20 7,446.09 9.8 %
Gross Income 1,558.97 1,790.52 14.9 %
Operating Income 609.24 668.02 9.6 %
Net Income 467.73 493.80 5.6 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 5.53 6.17 11.5 %
EPS (Riyal) 5.85 6.17 5.6 %

The company attributed improved profits to higher 9.8% year-on-year (YoY) revenues, reaching SAR 7.5 billion. In addition to a 14.9% hike in gross profit in 2025.

 

Excluding the impact of non-recurring events in 2024, the adjusted net profit attributable to the company's shareholders 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.

 

It is noted that net profit (before minority interests) reached SAR 576 million by the end of 2025, compared with SAR 534.4 million in a year-earlier period.



Current Quarter Comparison (M)

Compared With The
Item Q4 2024 Q4 2025 Change‬
Revenues 1,675.07 1,788.41 6.8 %
Gross Income 432.36 483.13 11.7 %
Operating Income 197.43 203.35 3.0 %
Net Income 158.37 158.40 0.0 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 1.87 1.98 5.8 %
EPS (Riyal) 1.98 1.98 0.0 %

Total shareholders’ equity (after minority interest) amounted to SAR 1.62 billion as of Dec. 31, 2025, compared to SAR 1.7 billion in a year earlier period.

 

Q4 2025 profit reached SAR 158.4 million, compared to SAR 158.37 million in the prior-year period.

 

For normalization purposes, the comparative figures were adjusted to reflect the impact of the initial public offering (IPO) of United International Holding Company in December 2024.

 

It is worth noting that the net profit attributable to the company's shareholders for the comparable period 4Q 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 11% from SAR 142.7 million in Q3 2025.

 

Q4 2025 net profit (before minority interests) stood at SAR 180.9 million, compared with SAR 177.7 million in the corresponding quarter, representing growth rate of 1.8%, driven by revenue growth, and a 11.7% increase in gross profit.

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