Extra profits will rise by 6.3% to 497 million riyals in 2025
United Electronics Company’s profits increased "Extra" In 2025, by 6.3%, to 497 million riyals, compared to 467.7 million riyals in 2024.
According to the company’s website "Saudi Arabia trading"The company recorded a net profit of 497.0 million riyals, compared to 527.9 million riyals for the previous year, a decrease of 5.85% according to the numbers contained in the financial statements.
It should be noted that the comparison period did not reflect the impact of the public offering of United International Holding Company, which took place in December 2024, as the company was then wholly owned by United Electronics Company, which makes the annual comparison affected by the change in the structure of the group following the offering.
For the purpose of achieving a fair comparison, the comparative figure has been adjusted to reflect the impact of the public offering on the net profit attributable to the company’s shareholders. Excluding the impact of this structural change, net profit increased by 6.3%, reaching 497.0 million riyals for the current year compared to 467.7 million riyals for the previous year (according to amended figures).
Net profit before non-controlling interests also amounted to 576 million riyals, compared to 534.4 million riyals last year, achieving a growth of 7.8%.
This growth is attributed to higher revenues and an increase in gross profit. by 14.9% during the current year, despite the increase in selling, distribution, general and administrative expenses.
It should be noted that when excluding the impact of non-recurring items from the comparison period (2024), which include:
– Return of allocations amounting to 16.3 million riyals against potential obligations whose purpose has expired related to the retail sector.
– Collection of debts amounting to 10.5 million riyals as a result of refunding allocations after collecting amounts related to previous debts. Granted by the United Electronics Company in the retail sector.
The growth rate of net profit attributable to the company’s shareholders, after adjustment, is 12.7%, based on the adjusted net profit for the comparison period.
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