The Extra profits increase to 103.4 million riyals in the first quarter

The profits of the United Electronics Company (Extra) increased in the first quarter of 2025 by 10.3% to 103.4 million riyals, compared to 93.8 million riyals in the same quarter of last year.
According to the company’s statement on Saudi Arabia’s circulation, the net profit increased as a result of the growth of the company’s revenues, which was reflected in the increase in the total profit by 16% to reach 401.1 million riyals in the current quarter compared to 345.7 million riyals from the same quarter of the previous year.
The company witnessed an improvement in the profit margin by 1.2% during the current quarter compared to the same quarter of the previous year,
The company recorded 23%, due to the improvement of the sales mix and growth in the consumer financing sector, in addition to the improvement in the financing expenses of the retail sector due to the proceeds from the inclusion of the United International Holding Company, despite the increase in sales, distribution and administrative expenses
This performance was reflected positively on the net profit, which achieved a growth rate of 10.2%.
During the current quarter, the company recorded a net profit of 103.4 million riyals, compared to 177.7 million riyals in the previous quarter.
This is due to the decrease in the profit margin due to the end of the year’s discounts from suppliers.