Managing Director and CEOMohamed Galalsees that the growth in financing portfolio reflects customers’ increasing confidence in eXtra’s Shariah-compliant financing products
United Electronics Co.’s (eXtra) results during the third quarter of 2025, particularly bringing the value of the company’s consumer financing portfolio to SAR 3 billion for the first time in its history, reflect the success of its strategy to diversify income sources, Managing Director and CEO Mohamed Galal told Argaam. 
Galal indicated that the company’s financing portfolio grew by about 29% year-on-year (YoY) in Q3 2025, which reflects customers’ increasing confidence in eXtra’s Shariah-compliant financing products, and underscores the growing role of consumer finance as one of the key pillars of the company’s sustainable growth strategy.
He highlighted that the growth in the company’s revenue by 12% YoY during the third quarter reflects its strategic focus on delivering an outstanding customer experience across all sales channels—whether through its showrooms, digital platforms, or “Clix” channels.
Additionally, major marketing campaigns, such as the National Day and Back-to-School season, helped boost the company’s performance during the quarter. This is in addition to the expansion of subscribers in the paid loyalty program “Jood.” The company also saw an improvement in its gross profit margin to 25.2%, which drove an increase in gross profit, according to the top executive.
He further pointed out that the company’s net profit grew by 7% year-on-year, and when excluding the impact of SAR 16.3 million in reversed provisions recorded in the same quarter last year, the adjusted net profit growth reached 19.4%.
The CEO also affirmed that eXtra continues to invest in digital transformation and operational efficiency, thus strengthening its position as the largest electronics and integrated financing solutions platform in the Kingdom.
According to Argaam data, eXtra reported a net profit of SAR 335 million (excluding minority interest) for the first nine months of 2025, down from SAR 356.8 million a year earlier. The third-quarter net earnings fell 8.7% to SAR 143 million, compared with SAR 156.3 million a year earlier.
Managing Director and CEOMohamed Galalsees that the growth in financing portfolio reflects customers’ increasing confidence in eXtra’s Shariah-compliant financing products
United Electronics Co.’s (eXtra) results during the third quarter of 2025, particularly bringing the value of the company’s consumer financing portfolio to SAR 3 billion for the first time in its history, reflect the success of its strategy to diversify income sources, Managing Director and CEO Mohamed Galal told Argaam.
Galal indicated that the company’s financing portfolio grew by about 29% year-on-year (YoY) in Q3 2025, which reflects customers’ increasing confidence in eXtra’s Shariah-compliant financing products, and underscores the growing role of consumer finance as one of the key pillars of the company’s sustainable growth strategy.
He highlighted that the growth in the company’s revenue by 12% YoY during the third quarter reflects its strategic focus on delivering an outstanding customer experience across all sales channels—whether through its showrooms, digital platforms, or “Clix” channels.
Additionally, major marketing campaigns, such as the National Day and Back-to-School season, helped boost the company’s performance during the quarter. This is in addition to the expansion of subscribers in the paid loyalty program “Jood.” The company also saw an improvement in its gross profit margin to 25.2%, which drove an increase in gross profit, according to the top executive.
He further pointed out that the company’s net profit grew by 7% year-on-year, and when excluding the impact of SAR 16.3 million in reversed provisions recorded in the same quarter last year, the adjusted net profit growth reached 19.4%.
The CEO also affirmed that eXtra continues to invest in digital transformation and operational efficiency, thus strengthening its position as the largest electronics and integrated financing solutions platform in the Kingdom.
According to Argaam data, eXtra reported a net profit of SAR 335 million (excluding minority interest) for the first nine months of 2025, down from SAR 356.8 million a year earlier. The third-quarter net earnings fell 8.7% to SAR 143 million, compared with SAR 156.3 million a year earlier.
