Extra's profits decline by 3.7% in Q2 despite revenue growth

Al Moatasher Electronics Company "Extra" achieved a net profit of 102.57 million riyals in the second quarter of 2026, a decrease of 3.7%, despite an increase in revenues by 5.5% to 2.24 billion riyals. The retail sector recorded a 7.3% growth in net profit, while the consumer financing sector’s profit declined by 20.3%, due to slower revenue growth. During the same period, the total revenues for the first half of the year rose by 5.3% to 4.07 billion riyals.

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