eXtra’s bottomline up, Tas’heel down in 1H

United Electronics Company’s (eXtra) estimated net income rose 2.4% y-o-y to SAR 197.2 mn in 1H 2026, supported by a 5.3% y-o-y top line increase to SAR 4.07 bn, it said in a Tadawul disclosure. Growth was tempered by a 20.3% drop in the consumer finance arm’s 2Q earnings, though the retail segment remained resilient, posting a 7.3% net income gain in 2Q. Meanwhile, the retailer’s net income fell 3.7% y-o-y to SAR 102.6 mn during the same quarter.

ALSO- United International Holding (Tas’heel) saw their net income for the first half slip 4.8% y-o-y to SAR 112.6 mn, despite an 11.8% y-o-y rise in revenues to SAR 410.2 mn. The pressure was more evident in 2Q with net income declining 20.3% y-o-y to SAR 48.2 mn.