United International Holding Company announced that net profit for the first quarter of 2025 rose by 10.4% to SAR 57.8 million, compared to SAR 52.3 million in the same period last year. This follows the company’s release of its preliminary financial results for the three-month period ending March 31, 2025.
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Operating profit grew to SAR 64.7 million, up 11.4% from SAR 58 million in Q1 2024.
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Earnings per share reached SAR 2.31, compared to SAR 2.10 in the year-ago period.
The company attributed the profit growth to a 24.8% increase in revenues, driven by a 26.4% rise in gross profit from Shariah-compliant financing contracts.
Despite higher operating expenses and an increase in expected credit loss provisions due to portfolio expansion, the company emphasized its ability to sustain profit growth during the quarter.
