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United International Holding Company announces the estimated financial results for the period ending on 31 December 2024 (Twelve Months)

4083
UIHC
0.00 %
1446/07/08     08/01/2025 08:14:07

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 172.92140.6422.952161.696.945
Gross Profit (Loss) 151.71123.3323.011140.697.832
Operational Profit (Loss) 71.8763.4513.2765.739.341
Net profit (Loss) 64.2555.3516.07958.958.99
Total Comprehensive Income 64.4755.5815.99458.949.382
All figures are in (Millions) Saudi Arabia, Riyals


Element ListCurrent PeriodSimilar period for previous year%Change
Sales/Revenue 623.87523.8519.093
Gross Profit (Loss) 543.98460.6118.099
Operational Profit (Loss) 248.64234.95.849
Net profit (Loss) 222.38212.174.812
Total Comprehensive Income 222.6212.274.866
Total Shareholders Equity (after Deducting Minority Equity) 1,113.06890.6824.967
Profit (Loss) per Share 8.98.49
All figures are in (Millions) Saudi Arabia, Riyals


Element ListAmountPercentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value --
All figures are in (Millions) Saudi Arabia, Riyals


Element ListExplanation
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is Consumer finance Portfolio of United Company for Financial Services grew by 28.4% vs. same quarter last year, which led to increase in The Company's revenue in Q4 by 23.0% vs. same quarter last year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is Consumer finance portfolio of United Company for Financial Services grew by 28.4% vs. same quarter last year. The Portfolio growth came through its Shariaa compliant financing solutions, which being offered by The Company, which led to increase in The Company's revenue by 23.0% vs. same period of last year. That impacted the growth of The Company's net profit by 16.1% vs. same Quarter last year, despite of an increase in the SG&A & expected credit loss provisions due to growth of the portfolio through the current quarter.
The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is Consumer finance Portfolio of United Company for Financial Services grew by 7.1% vs. previous quarter, which led to increase in The Company's revenue in Q4 by 6.9% vs. previous quarter.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is Consumer finance Portfolio of United Company for Financial Services grew by 7.1% vs. previous quarter, which led to increase in The Company's revenue in Q4 by 6.9% vs. previous quarter, which led to achieve growth in the net profit by 9.0% vs. previous quarter.
The reason of the increase (decrease) in the sales/ revenues during the current period compared to the same period of the last year is Consumer finance Portfolio of United Company for Financial Services grew by 28.4% vs. same period of last year, which led to increase in The Company's revenue through the period by 19.1% vs. same period last year.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is Consumer finance portfolio of The United Company for Financial Services grew by 28.4% vs. same period last year. The Portfolio growth came through its shariaa compliant financing solutions, which being offered by The Company, which led to increase in The Company's revenue by 19.1% vs. same period of last year. However, due to increase of expected credit loss provisions, and increase of SG&A through the current period, The Company's net profit grew by 4.8% through the period vs. same period of last year, to total SAR 222.4m vs. SAR 212.2m for same period last year.
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 on December 31, 2024, 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 Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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