United Electronics Company (Extra) announces the interim financial results for the period ending on 30 June 2025 (Six Months)

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 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.

Despite the rise in selling, distribution, general, and administrative expenses, this performance was positively reflected in the net profit, which achieved a growth rate of 16.8%

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.

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%

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.