United Electronics Company (Extra) announces the estimated financial results for the period ending 30 June 2025 (Six Months)
Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
---|---|---|---|---|---|
Sales/Revenue | 2,124.7 | 1,921.32 | 10.585 | 1,740.67 | 22.062 |
Gross Profit (Loss) | 455.2 | 390.76 | 16.49 | 401.12 | 13.482 |
Operational Profit (Loss) | 148.9 | 127.57 | 16.72 | 123.55 | 20.518 |
Net profit (Loss) | 124.5 | 106.6 | 16.791 | 103.44 | 20.359 |
Total Comprehensive Income | 124.56 | 106.61 | 16.837 | 103.02 | 20.908 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element List | Current Period | Similar period for previous year | %Change |
---|---|---|---|
Sales/Revenue | 3,865.4 | 3,502.74 | 10.353 |
Gross Profit (Loss) | 856.3 | 736.42 | 16.278 |
Operational Profit (Loss) | 272.4 | 246.17 | 10.655 |
Net profit (Loss) | 227.9 | 200.47 | 13.682 |
Total Comprehensive Income | 227.6 | 200.26 | 13.652 |
Total Shareholders Equity (after Deducting Minority Equity) | 1,657.3 | 1,341.67 | 23.525 |
Profit (Loss) per Share | 2.85 | 2.51 | |
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 |
Element List | Explanation |
---|---|
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | The company recorded an increase in its total revenues during this quarter across both the retail and consumer finance segments, compared to the same quarter of the previous year. Revenues reached SAR 2,124.7 million, up from SAR 1,921.3 million, reflecting a growth of 10.6%.
The retail segment achieved a 9.1% increase in sales, driven by positive performance across the three sales channels: showrooms, Clix, and e-commerce, in addition to the success of this year’s Mega Sale campaign. The expansion of the subscriber base in the paid loyalty program (Jood) also contributed to an increase in the average basket size.
As for the consumer finance segment, it recorded a 28.4% year-on-year growth in revenues, supported by a 30% increase in the financing portfolio during the same period. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | The company recorded a net profit of SAR 124.5 million during the current quarter, compared to SAR 106.6 million in the same quarter of last year. This was due to the growth in the company’s revenues, which resulted in an increase in gross profit by 16.5% to reach SAR 455.2 million in the current quarter, compared to SAR 390.8 million in the same quarter of the previous year.
The company also witnessed an improvement in the gross profit margin by 1.1% during the current quarter compared to the same quarter last year, as the company recorded 21.4%. This improvement was driven by a better sales mix and growth in the consumer finance segment.
This performance was positively reflected in the net profit, which achieved a growth rate of 16.8% |
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | The company recorded revenue growth during the current quarter compared to the previous quarter, driven by change in sales seasonality. |
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | During the current quarter, the company recorded a net profit of SAR 124.5 million, compared to SAR 103.4 million in the previous quarter. This was driven by the growth in revenues. |
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is | The company’s revenues increased by 10.4% during the current period compared to the same period of last year, reaching SAR 3,865.5 million, up from SAR 3,503 million.
This growth is attributed to the following:
Higher retail revenues driven by improvements in the shopping experience and increased (cliX) sales, and e-commerce, in addition to the expansion in customer base of the paid loyalty program (Jood), which contributed to a higher average basket size.
Growth in consumer finance revenues, supported by 30% increase in the consumer finance portfolio during the same period. |
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The increase in the company’s revenues, accompanied by an improvement in gross profit during the current period, had a positive impact on the growth of net profit, despite the rise in selling, distribution, general, and administrative expenses.
Gross profit grew by 16.3% compared to the same period last year, leading the company to record a net profit of SAR 227.9 million, compared to SAR 200.5 million in the same period of the previous year, reflecting a growth rate of 13.7% |
Statement of the type of external auditor's report | Unmodified conclusion |
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | These estimated financial results for the period ending June 30, 2025, have been prepared by the company's management and have not been audited or reviewed by its external auditor. |
Reclassification of Comparison Items | None |
Additional Information | The company uses the cost model option to measure its properties and investment properties.
The company also purchased 651,950 treasury shares during the second quarter of the current year, in accordance with the shareholders’ approval on the General Assembly meeting held on May 26, 2025. |
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