Extra Reports SAR 197.23M Net Profit in the Six Months 2026
EXTRA 4003.SA | 0.00 |
On 2026-08-03 09:12:37 (Saudi Time), United Electronics Company (Extra) announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 2,241 | 2,124.71 | 5.473 | 1,828.07 | 22.588 |
| Gross Profit (Loss) | 473.27 | 455.17 | 3.976 | 450.09 | 5.15 |
| Operational Profit (Loss) | 142.09 | 149.25 | -4.797 | 136.78 | 3.882 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 102.47 | 106.54 | -3.82 | 94.76 | 8.136 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 102.25 | 106.57 | -4.053 | 94.66 | 8.018 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 4,069.06 | 3,865.38 | 5.269 |
| Gross Profit (Loss) | 923.35 | 856.29 | 7.831 |
| Operational Profit (Loss) | 278.87 | 272.8 | 2.225 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 197.23 | 192.65 | 2.377 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 196.91 | 192.27 | 2.413 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,651.82 | 1,621.99 | 1.839 |
| Profit (Loss) per Share | 2.59 | 2.52 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, United Electronics Company (Extra) reported revenues of SAR 4,069.06 million, up 5.269% YoY from SAR 3,865.38 million, driven by a 4.6% increase in retail segment revenues supported by higher average basket size and online sales growth, alongside an 11.9% rise in consumer finance revenues fueled by a 13.6% expansion in the consumer finance portfolio. Net profit attributable to shareholders grew 2.377% YoY to SAR 197.23 million from SAR 192.65 million, supported by a 7.831% improvement in gross profit, though overall profitability gains were partially tempered by geopolitical developments in the region that weighed on consumer sentiment, particularly in Q2 2026, and by the consumer finance segment's increased operational investments in support of its long-term growth strategy.
Quarter-on-Quarter Performance Drivers
QoQ revenue rose 22.588% to SAR 2,241 million (vs. SAR 1,828.07 million in the prior quarter), primarily driven by the impact of the Mega sale event. Net profit attributable to shareholders increased 8.136% QoQ to SAR 102.47 million, compared to SAR 94.76 million in the previous quarter, with the improvement similarly attributed to the growth in revenues.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No material risks such as going concern uncertainties or debt covenant breaches were disclosed. The company uses the cost model option for measuring properties and investment properties, and no reclassification of comparison items was made.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97188&anCat=1&cs=4003&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.