Extra Reports SAR 94.76M Net Profit in Three Months 2026
EXTRA 4003.SA | 0.00 |
On 2026-05-11 08:15:02 (Saudi Time), United Electronics Company (Extra) announced its interim financial results for the three months ended on March 31, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,828.07 | 1,740.67 | 5.021 | 1,788.43 | 2.216 |
| Gross Profit (Loss) | 450.09 | 401.12 | 12.208 | 483.18 | -6.848 |
| Operational Profit (Loss) | 136.78 | 123.55 | 10.708 | 204.73 | -33.19 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 94.76 | 86.1 | 10.058 | 161.61 | -41.365 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 94.66 | 85.7 | 10.455 | 158.82 | -40.397 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 1,549.57 | 1,569.05 | -1.241 |
| Profit (Loss) per Share | 1.2 | 1.08 | |
| 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
Sales increased 5.02% YoY to SAR 1,828.07 million, driven by 3.6% growth in the retail segment from higher online sales and increased "Clix" sales, plus 17.6% growth in the consumer finance segment supported by a 21.7% portfolio expansion. Net profit rose 10.06% YoY to SAR 94.76 million, primarily due to revenue growth and improved gross profit margin of 1.6 percentage points to 24.6%, reflecting better sales mix in retail and consumer finance sector expansion.
Quarter-on-Quarter Performance Drivers
QoQ revenue increased 2.216% to SAR 1,828.07 million due to seasonal sales changes. However, net profit dropped 41.365% to SAR 94.8 million from SAR 161.6 million in the previous quarter, primarily attributed to lower gross profit margins compared to end-of-year supplier rebates received in the previous quarter.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, notices, disclaimers, or adverse opinions mentioned in the auditor's report. Total shareholders equity decreased 1.241% to SAR 1,549.57 million compared to the same period last year, while earnings per share improved to SAR 1.2 from SAR 1.08 in the prior year period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95213&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.