Financial Results : eXtra earns SAR 335M in 9M 2025, SAR 143M in Q3

eXtra earns SAR 335M in 9M 2025, SAR 143M in Q3

07/10/2025 Argaam Exclusive

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United Electronics Co. (eXtra) reported a net profit of SAR 335 million (excluding minority interest) for the first nine months of 2025, down from SAR 356.8 million a year earlier.

 

Including minority interest, profit reached SAR 395.1 million.


Financials (M)

Item 9m 2024 9m 2025 Change‬
Revenues 5,106.13 5,657.68 10.8 %
Gross Income 1,126.62 1,307.40 16.0 %
Operating Income 411.81 464.94 12.9 %
Net Income 356.79 335.44 (6.0 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyals) 4.26 4.19 (1.5 %)
EPS (Riyal) 4.46 4.19 (6.0 %)
The company said the decline was mainly due to a one-off reversal of SAR 16.3 million in provisions booked in the prior-year period. Excluding this, adjusted net profit would increase by 16% year-on-year (YoY).
Revenue rose 10.8% to SAR 5.65 billion, driven by both the retail and consumer finance segments. Retail sales increased on stronger performance across showrooms, “Clix”, and e-commerce channels, along with growth in subscribers to the paid loyalty program “Jood.” The consumer finance portfolio expanded 29% YoY.
Gross profit climbed 16% YoY.


Current Quarter Comparison (M)

Compared With The
Item Q3 2024 Q3 2025 Change‬
Revenues 1,603.39 1,792.31 11.8 %
Gross Income 390.20 451.11 15.6 %
Operating Income 165.64 192.15 16.0 %
Net Income 156.33 142.79 (8.7 %)
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 1.75 1.78 2.0 %
EPS (Riyal) 1.95 1.78 (8.7 %)
The third-quarter net earnings fell 8.7% to SAR 143 million, compared with SAR 156.3 million a year earlier. On the other hand, topline grew by 11.8% YoY. 
Meanwhile, Q3 2025 net earnings jumped 34% from SAR 106.54 million in Q2 2025 aided by improved gross profit margins, and lower general and administrative expenses. 
 

Total shareholders' equity, excluding minority interest, reached SAR 1.56 billion as of Sept. 30, 2025, up from SAR 1.35 billion a year before.

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