United Electronics Co. — Earnings Release 2026

May 11, 2026

United Electronics Company (Extra) announces the interim financial results for the period ending on 31 March 2026 (Three Months)

4003 · 11/05/2026 08:15:02 · Announcement #95213 · View on Saudi Exchange

United Electronics Company (Extra) announces the interim financial results for the period ending on 31 March 2026 (Three Months)

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

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	During the current quarter, the Company recorded growth in total revenues across both the retail and consumer finance segments compared to the same quarter last year, with revenues increasing to SAR 1,828.1 million from SAR 1,740.7 million, representing a growth of 5.0%.

In the retail segment, revenues grew by 3.6% year-on-year, primarily driven by higher online sales, increased sales from ""Clix"", and an enhanced shopping experience, which collectively supported an increase in the average basket size.

Meanwhile, the consumer finance segment delivered strong performance, with revenues rising by 17.6% year-on-year, supported by a 21.7% expansion in the consumer finance portfolio over 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 94.8 million, compared to SAR 86.1 million in the same quarter of last year. This was due to the growth in the company’s revenues, which reflected in an increase in gross profit by 12.2% to reach SAR 450.1 million in the current quarter, compared to SAR 401.1 million in the same quarter of the previous year.

The company also witnessed an improvement in the gross profit margin by 1.6% during the current quarter compared to the same quarter last year, as the company recorded 24.6%, due to the improvement in sales mix in the retail segment and growth in the consumer finance sector.

This performance was positively reflected in the net profit, which achieved a growth rate of 10.1%.The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is The company’s revenues increased during this quarter compared to the previous quarter, due to changes in seasonal sales.The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is During this quarter, the company recorded a net profit of SAR 94.8 million, compared to SAR 161.6 million in the previous quarter. This drop is attributed to lower gross profit margin during this quarter, compared to end of year rebates from suppliers, in the previous quarter.Statement of the type of external auditor's report Unmodified conclusionComment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) NoneReclassification of Comparison Items NoneAdditional 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.