Financial Results : eXtra posts SAR 193M profit for H1 2025, SAR 107M for Q2

eXtra posts SAR 193M profit for H1 2025, SAR 107M for Q2

08/07/2025 Argaam Exclusive

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United Electronics Co. (eXtra) reported a net profit after minority interest of SAR 193 million in H1 2025, compared to SAR 200.5 million in H1 2024.
 
Earnings before minority interest reached SAR 227.9 million in H1 2025, compared to SAR 200.5 million in H1 2024.


Financials (M)

Item 6m 2024 6m 2025 Change‬
Revenues 3,502.74 3,865.38 10.4 %
Gross Income 736.42 856.29 16.3 %
Operating Income 246.17 272.80 10.8 %
Net Income 200.47 192.65 (3.9 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 2.51 2.41 (3.9 %)
EPS (Riyal) 2.51 2.41 (3.9 %)
Revenue increased in the six-month period by 10.4% year on year (YoY) to SAR 3.86 billion, up from SAR 3.5 billion, driven by higher retail sales, improved shopping experience, growth in (cliX) and e-commerce sales, and a larger customer base for the paid loyalty program “Jood,” which helped boost average basket size.

 

Consumer finance revenue also witnessed growth, supported by a 30% increase in the consumer finance portfolio during the same period.

 

Gross profit grew by 16.3% compared to the same period last year, despite the rise in selling, distribution, general, and administrative expenses.

 

Q2 2025 net profit reached SAR 107 million, up 0.4% from SAR 106.6 million in a prior-year period.
 
On a sequential basis, net earnings grew 24.4% from SAR 86 million in Q1 2025.


Current Quarter Comparison (M)

Compared With The
Item Q2 2024 Q2 2025 Change‬
Revenues 1,921.32 2,124.71 10.6 %
Gross Income 390.76 455.17 16.5 %
Operating Income 127.57 149.25 17.0 %
Net Income 106.60 106.54 (0.1 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 1.33 1.33 (0.1 %)
EPS (Riyal) 1.33 1.33 (0.1 %)
Total shareholders’ equity, after minority interest, stood at SAR 1.65 billion by June 30, 2025, compared to SAR 1.34 billion a year earlier.

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