RIYADH: Saudi electronics retailer United Electronics Co., also known as eXtra, reported higher first-half net profit for 2026 after revenue rose 5.3 percent.
According to Saudi Exchange filings, it increased to SR4.07 billion ($1.09 billion) from SR3.87 billion a year earlier, while net profit rose 2.4 percent year on year to SR197.2 million. Earnings per share increased to SR2.59 from SR2.52.
The company’s results come as Saudi retailers continue to benefit from resilient consumer spending despite heightened regional geopolitical tensions, supported by government investment, rising tourism and a growing shift toward digital commerce.
In the bourse filing, eXtra stated: “The company recorded an increase in total revenues during the quarter, driven by growth across both its retail and consumer finance segments compared to the corresponding quarter of the previous year, despite the geopolitical situation in the region and its impact on consumer spending.
It added: “Total revenues reached SR2.24 billion, compared to SR2.12 billion in the prior-year period, representing a 5.5 percent year-on-year increase.”
