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United Electronics Company (Extra) announces the interim financial results for the period ending on 30 June 2026 (Six Months)
| 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 | |||
| 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 total revenues during the quarter, driven by growth across both its retail and consumer finance segments compared to the corresponding quarter of the previous year, despite the geopolitical situation in the region and its impact on consumer spending. Total revenues reached SAR 2,241 million, compared to SAR 2,124.71 million in the prior-year period, representing a 5.5% year-on-year increase. The retail segment recorded a 5.4% increase in revenues, supported by higher average basket size and strong performance in the B2B segment. The consumer finance segment reported 6.5% year-on-year revenue growth, driven by a 13.6% increase in the financing portfolio compared to the same period 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 | The Company reported a net profit of SAR 102.47 million during the current quarter, compared to SAR 106.54 million in the corresponding quarter of the previous year, representing a 3.8% decline. The retail segment recorded a 7.3% increase in net profit during the second quarter of 2026 compared to the second quarter of 2025, supported by continued revenue growth and improved operating performance. Meanwhile, the consumer finance segment recorded a 19.4% decline in net profit compared to the corresponding period of the previous year, primarily due to slower revenue growth resulting from the market conditions, in addition to the Company's continued efforts to enhance its operational capabilities in support of its long-term growth strategy. |
| 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 the impact of the Mega sale |
| 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 102.47 million, compared to SAR 94.76 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 5.3% during the current period compared to the corresponding period of the previous year, reaching SAR 4,069.06 million, compared to SAR 3,865.38 million. This growth was primarily driven by: - Retail segment revenues increased by 4.6%, supported by a higher average basket size and growth in online sales. - Growth in consumer finance revenues by 11.9%, driven by a 13.6% increase in the consumer finance portfolio compared to the corresponding period of the previous 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 | The growth in the Company’s revenues and gross profit during the first half of 2026 had a positive impact on profitability. This was achieved despite the geopolitical developments that particularly affected the second quarter of 2026 and weighed on consumer sentiment. Gross profit increased by 7.8% compared to the corresponding period of the previous year, resulting in the Company recording a net profit of SAR 197.23 million, compared to SAR 192.65 million in the same period of the previous year, representing a growth rate of 2.4%. |
| 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) | None |
| Reclassification of Comparison Items | None |
| Additional Information | The company uses the cost model option for measuring properties and investment properties. |
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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