United Electronics Reports SAR 94.74M Net Profit in Three Months 2026
EXTRA 4003.SA | 82.20 | +0.24% |
On 2026-04-08 08:07:31 (Saudi Time), United Electronics Company (Extra) announced its quarterly 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) | 450.14 | 401.12 | 12.22 | 483.18 | -6.838 |
| Operational Profit (Loss) | 136.77 | 123.55 | 10.7 | 204.73 | -33.194 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 94.74 | 86.1 | 10.034 | 161.61 | -41.377 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 94.54 | 85.7 | 10.315 | 158.82 | -40.473 |
| 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) | 1,582.46 | 1,569.05 | 0.854 |
| Profit (Loss) per Share | 1.18 | 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 5.021% 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 17.5% growth in the consumer finance segment supported by 21% portfolio expansion. Net profit rose 10.034% YoY to SAR 94.74 million, primarily due to revenue growth that increased gross profit by 12.2% to SAR 450.14 million and improved gross profit margin by 1.6 percentage points to 24.6%, reflecting better sales mix in retail and consumer finance sector growth.
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 41.377% from SAR 161.61 million to SAR 94.74 million, primarily attributed to lower gross profit margins resulting from the end of year rebates from suppliers in the previous quarter.
Other Items
The auditor issued an unmodified conclusion for the period. These estimated financial results for the period ending March 31, 2026, have been prepared by the company's management and have not been audited or reviewed by its external auditor. Total shareholders equity reached SAR 1,582.46 million, representing a 0.854% increase from the previous year. Earnings per share improved to SAR 1.18 compared to SAR 1.08 in the same quarter last year.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94269&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.