United Electronics Company’s (eXtra) estimated net income was up 10.1% y-o-y at SAR 103.4 mn in 1Q 2025, it said in a disclosure to Tadawul. The growth was driven by higher revenues, a better sales mix and expansion in the consumer finance portfolio, as well as a lower cost of finance in the retail segment thanks to proceeds from the United International Holding (UIHC)’s IPO.

Revenues also grew 10% y-o-y during the same period to SAR 1.7 bn, buoyed by growth in the retail segment on the back of higher cliX sales and an expanded Jood customer base — its paid loyalty program.

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On a quarterly basis: Net income fell 41.8%, down from SAR 177.7 mn in the previous quarter, while revenues were up 3.9% over the same period.

The company doesn’t expect any major downfalls in lieu of the tariffs implemented byUS President Donald Trump, CEO Mohamed Galal told Al Arabiya, adding that larger players with multiple revenue sources are better positioned to weather market volatility and even gain some market share.

MEANWHILE- UIHC, a subsidiary of eXtra which owns and operates Tas’heel Finance, saw its estimated net income grow 10.4% y-o-y to SAR 57.8 mn in 1Q 2025, it said in a disclosure to Tadawul. Revenues were up 24.8% y-o-y to SAR 174 mn over the same period, driven by higher consumer finance revenues.

On a quarterly basis: UIHC’s net income fell 10.1%, down from SAR 64.3 mn in the previous quarter, while revenues inched up 0.8% over the same period.

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