Financial Results : eXtra Q1 2026 profit rises 10% to SAR 94.7M

eXtra Q1 2026 profit rises 10% to SAR 94.7M

08/04/2026 Argaam Exclusive

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United Electronics Co. (eXtra) reported a 10% rise in net profit to SAR 94.7 million in the first quarter of 2026, up from SAR 86.1 million a year earlier.



Current Quarter Comparison (M)

Compared With The
Item Q1 2025 Q1 2026 Change‬
Revenues 1,740.67 1,828.07 5.0 %
Gross Income 401.12 450.14 12.2 %
Operating Income 123.55 136.77 10.7 %
Net Income 86.10 94.74 10.0 %
Average Shares 80.00 80.00 -
Earnings Per Share before unusual items (Riyal) 1.08 1.18 10.0 %
EPS (Riyal) 1.08 1.18 10.0 %

Revenue increased 5% year-on-year (YoY) to SAR 1.82 billion, supported by growth in retail and consumer finance segments.

 

Retail revenue rose 3.6% YoY, driven by higher cliX sales and an improved shopping experience, which together lifted the average basket size.

 

Consumer finance revenue increased 17.5% YoY, driven by a 21% expansion in the consumer finance portfolio.

Gross profit margin improved by 1.6 percentage points to 24.6%, supported by a better sales mix and continued growth in the consumer finance segment.

 

eXtra’s net profit fell 41.4% from SAR 161.6 million in Q4 2025, due to a lower gross margin following end-of-year supplier rebates.

 

Shareholders’ equity, excluding minority interest, reached SAR 1.58 billion by March 31, 2026, compared to SAR 1.56 billion a year ago.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2017 804.67 8.3 % 134.40 37.8 % 14.03 131.4 %
Q2 2017 1,013.91 15.1 % 172.29 18.6 % 44.08 262.5 %
Q3 2017 777.96 4.4 % 150.59 13.2 % 28.11 135.5 %
Q4 2017 1,613.25 16.3 % 253.04 18.6 % 70.08 58.8 %
Q1 2018 864.61 7.4 % 152.75 13.6 % 25.19 79.5 %
Q2 2018 1,015.36 0.1 % 185.12 7.4 % 51.47 16.8 %
Q3 2018 894.82 15.0 % 172.16 14.3 % 34.07 21.2 %
Q4 2018 1,619.28 0.4 % 269.38 6.5 % 69.27 (1.2 %)
Q1 2019 1,057.51 22.3 % 187.98 23.1 % 47.41 88.2 %
Q2 2019 1,161.50 14.4 % 226.46 22.3 % 73.08 42.0 %
Q3 2019 1,034.56 15.6 % 185.82 7.9 % 38.40 12.7 %
Q4 2019 1,881.04 16.2 % 300.93 11.7 % 89.88 29.8 %
Q1 2020 1,232.25 16.5 % 220.77 17.4 % 53.24 12.3 %
Q2 2020 1,550.86 33.5 % 276.12 21.9 % 118.47 62.1 %
Q3 2020 1,224.52 18.4 % 225.59 21.4 % 70.32 83.1 %
Q4 2020 1,954.69 3.9 % 316.83 5.3 % 112.10 24.7 %
Q1 2021 1,364.33 10.7 % 260.21 17.9 % 96.15 80.6 %
Q2 2021 1,328.79 (14.3 %) 289.79 5.0 % 108.12 (8.7 %)
Q3 2021 1,373.10 12.1 % 280.17 24.2 % 101.91 44.9 %
Q4 2021 1,767.41 (9.6 %) 353.48 11.6 % 146.65 30.8 %
Q1 2022 1,411.98 3.5 % 290.17 11.5 % 113.62 18.2 %
Q2 2022 1,700.41 28.0 % 320.90 10.7 % 124.24 14.9 %
Q3 2022 1,372.71 0.0 % 300.21 7.2 % 102.88 1.0 %
Q4 2022 1,545.96 (12.5 %) 353.78 0.1 % 143.41 (2.2 %)
Q1 2023 1,438.14 1.9 % 313.88 8.2 % 108.70 (4.3 %)
Q2 2023 1,749.73 2.9 % 344.72 7.4 % 124.86 0.5 %
Q3 2023 1,452.18 5.8 % 334.21 11.3 % 142.65 38.7 %
Q4 2023 1,559.66 0.9 % 372.78 5.4 % 132.75 (7.4 %)
Q1 2024 1,581.42 10.0 % 345.66 10.1 % 118.60 9.1 %
Q2 2024 1,921.32 9.8 % 390.76 13.4 % 127.57 2.2 %
Q3 2024 1,603.39 10.4 % 390.20 16.8 % 165.64 16.1 %
Q4 2024 1,675.07 7.4 % 432.36 16.0 % 197.43 48.7 %
Q1 2025 1,740.67 10.1 % 401.12 16.0 % 123.55 4.2 %
Q2 2025 2,124.71 10.6 % 455.17 16.5 % 149.25 17.0 %
Q3 2025 1,792.31 11.8 % 451.12 15.6 % 192.17 16.0 %
Q4 2025 1,788.43 6.8 % 483.18 11.8 % 204.73 3.7 %
Q1 2026 1,828.07 5.0 % 450.14 12.2 % 136.77 10.7 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS(Riyal)
Q1 2017 12.99 128.3 % 0.16 - 12.99 0.16
Q2 2017 43.37 293.4 % 0.54 - 43.37 0.54
Q3 2017 26.13 324.1 % 0.33 - 26.13 0.33
Q4 2017 57.65 118.9 % 0.72 (9.60) 67.25 0.84
Q1 2018 21.57 66.0 % 0.27 - 21.57 0.27
Q2 2018 45.59 5.1 % 0.57 - 45.59 0.57
Q3 2018 30.95 18.5 % 0.39 - 30.95 0.39
Q4 2018 63.08 9.4 % 0.79 - 63.08 0.79
Q1 2019 33.83 56.8 % 0.42 - 33.83 0.42
Q2 2019 72.46 58.9 % 0.91 17.47 54.99 0.69
Q3 2019 27.23 (12.0 %) 0.34 4.50 22.73 0.28
Q4 2019 72.09 14.3 % 0.90 - 72.09 0.90
Q1 2020 34.68 2.5 % 0.43 - 34.68 0.43
Q2 2020 90.38 24.7 % 1.13 - 90.38 1.13
Q3 2020 53.44 96.2 % 0.67 - 53.44 0.67
Q4 2020 101.64 41.0 % 1.27 - 101.64 1.27
Q1 2021 81.20 134.1 % 1.01 - 81.20 1.01
Q2 2021 100.50 11.2 % 1.26 - 100.50 1.26
Q3 2021 89.00 66.6 % 1.11 - 89.00 1.11
Q4 2021 126.14 24.1 % 1.58 - 126.14 1.58
Q1 2022 97.51 20.1 % 1.22 - 97.51 1.22
Q2 2022 127.12 26.5 % 1.59 17.36 109.76 1.37
Q3 2022 94.16 5.8 % 1.18 2.78 91.38 1.14
Q4 2022 121.39 (3.8 %) 1.52 - 121.39 1.52
Q1 2023 84.44 (13.4 %) 1.06 - 84.44 1.06
Q2 2023 61.67 (51.5 %) 0.77 (38.00) 99.67 1.25
Q3 2023 118.27 25.6 % 1.48 - 118.27 1.48
Q4 2023 126.08 3.9 % 1.58 - 126.08 1.58
Q1 2024 93.86 11.2 % 1.17 - 93.86 1.17
Q2 2024 106.60 72.9 % 1.33 - 106.60 1.33
Q3 2024 156.33 32.2 % 1.95 16.30 140.03 1.75
Q4 2024 171.10 35.7 % 2.14 8.64 162.47 2.03
Q1 2025 86.10 (8.3 %) 1.08 - 86.10 1.08
Q2 2025 106.54 (0.1 %) 1.33 - 106.54 1.33
Q3 2025 142.75 (8.7 %) 1.78 - 142.75 1.78
Q4 2025 161.61 (5.5 %) 2.02 - 161.61 2.02
Q1 2026 94.74 10.0 % 1.18 - 94.74 1.18

Profitability

Period Gross Margin Adjusted EBITDA margin Net Margin Before Unusual Items
Q1 2017 16.40 % 3.25 % 2.03 %
Q2 2017 16.53 % 4.02 % 2.78 %
Q3 2017 16.84 % 4.36 % 3.12 %
Q4 2017 16.87 % 4.76 % 3.56 %
Q1 2018 17.07 % 4.96 % 3.71 %
Q2 2018 17.36 % 5.09 % 3.76 %
Q3 2018 17.39 % 5.08 % 3.77 %
Q4 2018 17.74 % 5.02 % 3.67 %
Q1 2019 17.76 % 5.57 % 3.78 %
Q2 2019 18.08 % 6.11 % 3.86 %
Q3 2019 17.85 % 6.32 % 3.58 %
Q4 2019 17.55 % 6.79 % 3.58 %
Q1 2020 17.59 % 6.76 % 3.47 %
Q2 2020 17.26 % 7.19 % 3.86 %
Q3 2020 17.38 % 7.55 % 4.26 %
Q4 2020 17.43 % 7.76 % 4.70 %
Q1 2021 17.70 % 8.25 % 5.36 %
Q2 2021 18.60 % 8.34 % 5.73 %
Q3 2021 19.05 % 8.63 % 6.18 %
Q4 2021 20.29 % 9.49 % 6.80 %
Q1 2022 20.64 % 9.76 % 7.02 %
Q2 2022 19.91 % 9.50 % 6.76 %
Q3 2022 20.23 % 9.58 % 6.79 %
Q4 2022 20.98 % 9.83 % 6.96 %
Q1 2023 21.28 % 9.74 % 6.72 %
Q2 2023 21.49 % 9.66 % 6.50 %
Q3 2023 21.77 % 10.17 % 6.85 %
Q4 2023 22.03 % 10.06 % 6.91 %
Q1 2024 22.03 % 10.00 % 6.90 %
Q2 2024 22.16 % 9.84 % 6.83 %
Q3 2024 22.49 % 9.94 % 7.00 %
Q4 2024 22.99 % 10.73 % 7.42 %
Q1 2025 23.26 % 10.57 % 7.13 %
Q2 2025 23.50 % 10.56 % 6.93 %
Q3 2025 23.73 % 10.69 % 6.79 %
Q4 2025 24.05 % 10.66 % 6.67 %
2025 24.05 % 10.66 % 6.67 %
Q1 2026 24.42 % - 6.71 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2017 80.00 0.71 0.97 5.87
Q2 2017 80.00 1.11 1.37 6.41
Q3 2017 80.00 1.36 1.56 6.35
Q4 2017 80.00 1.75 1.87 7.08
Q1 2018 80.00 1.86 1.98 6.68
Q2 2018 80.00 1.89 2.01 7.25
Q3 2018 80.00 1.95 2.07 7.25
Q4 2018 80.00 2.01 2.01 8.07
Q1 2019 80.00 2.17 2.17 7.46
Q2 2019 80.00 2.50 2.29 7.61
Q3 2019 80.00 2.46 2.18 7.34
Q4 2019 80.00 2.57 2.30 8.25
Q1 2020 80.00 2.58 2.31 7.91
Q2 2020 80.00 2.80 2.75 9.14
Q3 2020 80.00 3.13 3.13 9.11
Q4 2020 80.00 3.50 3.50 10.32
Q1 2021 80.00 4.08 4.08 9.77
Q2 2021 80.00 4.21 4.21 11.10
Q3 2021 80.00 4.65 4.65 10.80
Q4 2021 80.00 4.96 4.96 12.41
Q1 2022 80.00 5.16 5.16 11.81
Q2 2022 80.00 5.50 5.28 13.42
Q3 2022 80.00 5.56 5.31 12.78
Q4 2022 80.00 5.50 5.25 14.24
Q1 2023 80.00 5.34 5.09 15.31
Q2 2023 80.00 4.52 4.96 14.18
Q3 2023 80.00 4.82 5.30 14.22
Q4 2023 80.00 4.88 5.36 16.05
Q1 2024 80.00 5.00 5.47 15.37
Q2 2024 80.00 5.56 5.56 16.77
Q3 2024 80.00 6.04 5.83 16.97
Q4 2024 80.00 6.60 6.29 21.37
Q1 2025 80.00 6.50 6.19 19.61
Q2 2025 80.00 6.50 6.19 20.27
Q3 2025 80.00 6.33 6.22 18.77
Q4 2025 80.00 6.21 6.21 20.45
Q1 2026 80.00 6.32 6.32 19.78

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Recurring P/E Price/book
Q1 2017 21.61 15.79 2.60
Q2 2017 14.89 12.06 2.58
Q3 2017 17.41 15.22 3.73
Q4 2017 14.12 13.21 3.49
Q1 2018 19.10 17.94 5.31
Q2 2018 17.35 16.32 4.51
Q3 2018 17.30 16.30 4.65
Q4 2018 19.85 19.85 4.96
Q1 2019 17.32 17.32 5.03
Q2 2019 16.85 18.46 5.55
Q3 2019 18.56 20.90 6.21
Q4 2019 18.21 20.39 5.67
Q1 2020 13.88 15.53 4.53
Q2 2020 14.71 15.01 4.51
Q3 2020 16.69 16.69 5.74
Q4 2020 18.53 18.53 6.28
Q1 2021 19.29 19.29 8.06
Q2 2021 23.70 23.70 8.98
Q3 2021 22.98 22.98 9.91
Q4 2021 20.47 20.47 8.18
Q1 2022 19.32 19.32 8.45
Q2 2022 15.44 16.08 6.33
Q3 2022 14.83 15.54 6.46
Q4 2022 12.56 13.16 4.85
Q1 2023 14.55 15.27 5.08
Q2 2023 16.24 14.80 5.18
Q3 2023 15.66 14.25 5.31
Q4 2023 18.38 16.75 5.59
Q1 2024 19.01 17.36 6.18
Q2 2024 17.09 17.09 5.66
Q3 2024 15.71 16.25 5.59
Q4 2024 13.67 14.35 4.22
Q1 2025 14.49 15.22 4.80
Q2 2025 13.58 14.26 4.35
Q3 2025 14.16 14.41 4.78
Q4 2025 13.60 13.60 4.13
Q1 2026 12.79 12.79 4.09

Business Segments (Million)

Compared With The
Period Sales and services Consumer Finance Other activities Consolidation adjustments & eliminations
Q1 2020 1,214.34 18.75 2.48 (3.32)
Q2 2020 1,525.80 25.91 2.19 (3.04)
Q3 2020 1,189.03 36.33 3.38 (4.59)
Q4 2020 1,898.20 49.64 10.72 (3.51)
Q1 2021 1,304.32 61.38 3.79 (5.16)
Q2 2021 1,257.45 71.70 3.80 (4.16)
Q3 2021 1,293.20 80.45 3.87 (4.41)
Q4 2021 1,675.79 87.38 9.53 (5.28)
Q1 2022 1,318.29 94.61 4.64 (5.56)
Q2 2022 1,604.59 96.75 4.99 (5.92)
Q3 2022 1,265.96 107.01 4.99 (5.24)
Q4 2022 1,429.17 118.59 5.41 (7.21)
Q1 2023 1,316.48 122.63 5.73 (6.70)
Q3 2023 1,320.90 133.25 4.54 (5.53)
Q4 2023 1,420.00 140.64 5.95 (6.93)
Q1 2024 1,442.98 139.44 6.44 (7.43)
Q2 2024 1,772.47 149.82 4.15 (5.13)
Q3 2024 1,442.74 161.69 6.72 (7.76)
Q4 2024 1,503.36 172.72 6.04 (7.05)
Q1 2025 1,567.03 174.66 7.55 (8.57)
Q2 2025 1,933.33 192.40 7.63 (8.66)
Q3 2025 1,594.11 198.56 8.67 (9.03)
Q4 2025 1,586.26 202.74 7.23 (7.81)

Analysts Estimates (Million)

Item Profit (Expected) Profit (Actual) Change
Average 97.85 94.74

Estimates vs Actual (Million)

Item Profit (Expected) Profit (Actual) Change‬
AlJazira Capital 96.70 94.74
SNB Capital 99.00 94.74


Financial Ratios
Current
Market Cap (M Riyal) 6,584.01
Enterprise Value (EV) (M Riyal) 8,476.95
Shares Outstanding ((M)) 80.00
EPS ( Riyal) (TTM) 6.32
Book Value (BV) ( Riyal) 19.78
Par Value ( Riyal) 10.00
Recurring P/E 13.02
P/E (TTM) 13.02
Price/book 4.16
Return on Average Assets (%) (TTM) 8.6
Return on Average Equity (%) (TTM) 32.1
EV/Revenues 1.13
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Share Price

United Electronics Co.
82.50
0.50 0.61 %

United Electronics Co. (EXTRA)

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