United International Holding (4083) Q2 2025 earnings summary

Executive summary

• Report covers unaudited results for the three- and six-month periods ended 30 June 2025.

• Shares began trading on the Saudi Exchange in December 2024; a new subsidiary, NowAccess, was incorporated in 2025.

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

Financial highlights

• Net income for H1 2025 was SAR 117.6 million, up from SAR 99.2 million year-over-year.

• Total assets rose to SAR 2.86 billion from SAR 2.49 billion at year-end 2024.

• Net investment in Islamic financing contracts increased to SAR 2.73 billion from SAR 2.41 billion at year-end.

• Earnings per share for H1 2025 reached SAR 4.70, up from SAR 3.97 year-over-year.

• Cash and cash equivalents increased to SAR 93.1 million from SAR 23.8 million at year-end.

Outlook and guidance

• Proposed share capital increase expected to be completed in 2025, subject to shareholder and regulatory approval.

• Continued growth in Islamic credit card and Tawarruq portfolios, with Murabaha portfolio downsizing as per business plan.