Riyadh - Mubasher: United Electronics Company (eXtra) generated net profits of SAR 302.03 million in the first nine months (9M) of 2026, according to the audited financial results.
The registered profits went down by 9.95% year-on-year (YoY) from SAR 335.39 million.
The company witnessed a 5.45% rise in total revenues, which reached SAR 5.97 billion compared to SAR 5.66 billion a year earlier.
Earnings per share (EPS) stood at SAR 3.96 in 9M-26, down from SAR 4.41 in the previous year. Total shareholders' equity increased by 7.06% to SAR 1.61 billion.
For the third quarter (Q3) of 2026, the company’s net profit fell by 26.58% YoY to SAR 104.80 million. While the retail segment saw a 10.60% rise in quarterly net profit, the consumer finance segment experienced an 82.40% plunge.
This was primarily driven by a SAR 69.70 million increase in impairment losses on financial assets as part of a conservative credit risk management approach. This included a SAR 33.80 million additional management provision and SAR 35.90 million from an annual update to the expected credit loss model.
Quarterly revenues grew by 5.84% to SAR 1.90 billion, supported by a 6.10% rise in retail sales following the launch of the iPhone 18 and strong business-to-business performance.
According to the financial statements announced in October, eXtra logged preliminary net profit of SAR 301.85 million in 9M-26.
