United International Holding (4083) Q1 2025 earnings summary

Executive summary

• Report covers the three-month period ended 31 March 2025, prepared in accordance with IAS 34 and reviewed by PwC, with no material misstatements identified.

• The Group operates in consumer and product finance, with continued growth in Islamic credit card and Tawarruq portfolios, and a planned capital increase and new subsidiary formation.

Financial highlights

• Net income for Q1 2025 was SAR 57.8 million, up from SAR 52.4 million year-over-year.

• Total assets increased to SAR 2.70 billion from SAR 2.49 billion at year-end 2024.

• Income from Islamic financing contracts rose to SAR 174.7 million from SAR 139.4 million year-over-year.

• Basic and diluted EPS increased to 2.31 from 2.09 year-over-year.

• Net cash from operating activities was an outflow of SAR 58.7 million, while financing activities provided SAR 142.9 million.

Outlook and guidance

• Board recommended increasing share capital from SAR 250 million to SAR 750 million via bonus shares, pending approvals.

• New subsidiary in payroll administration planned with a 75% stake, initial investment up to SAR 75 million.