SWVL

Net income of $1.3M in FY 2025 versus net loss of $10.3M in FY 2024 Revenue grew by 41% to $24.2M; GCC revenue more than doubled (+122%) Operating loss narrowed by 94% to $0.5M from $8.5M, approaching operating profitability Recurring revenue increased to 84%; dollar-pegged revenue reached 33% of total revenue Net Dollar Retention reached 128% across all markets in USD and sales backlog of $38.2M Total equity returned to positive $2.9M DUBAI, United Arab Emirates, April 20, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”, and together with the Company’s subsidiaries, the “Group”) (NASDAQ: SWVL), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced its financial results for the fiscal year ended December 31, 2025 (“FY 2025”). Swvl delivered a financial turnaround in FY 2025, with revenue growing by 41% to $24.2 million compared to fiscal year ended December 31, 2024 (“FY 2024”), profitability returning with net income of $1.3 million and positive shareholders’ equity. These financial results were driven by accelerating demand for enterprise mobility across Egypt and the Gulf Cooperation Council (“GCC”), disciplined cost management that reduced general and administrative expenses by 39.5% in FY 2025 in comparison to FY 2024, and a strategic shift toward higher-quality, recurring, and dollar-pegged revenue. The scale of the improvement is reflected across certain major financial metrics. Net income increased by ~$11.6 million year-over-year, operating cash outflows narrowed by 42% to $2.1 million, working capital turned positive at $1.0 million, and total equity improved by $3.6 million. Swvl is also entering fiscal year 2026 (“FY 2026”) with a sales backlog of $38.2 million and net dollar retention of 128%. FY 2025 Financial Highlights Revenue: $24.2M, up 41% year-over-year from $17.2M Net income: $1.3M vs net loss of $10.3M in FY 2024 (change of $11.6M) Gross profit: $4.4M, up 21% from $3.6M Operating loss narrowed 94% to $0.5M from $8.5M GCC revenue: $8.0M, up 122% year-over-year from $3.6M Egypt revenue: $16.2M, up 20% year-over-year from $13.5M B2B revenue: $20.3M, up 56% year-over-year; 84% of total revenue Recurring revenue: 84% of total (vs 75% of total in FY 2024) Dollar-pegged revenue: 33% of total (vs 23% of total in FY 2024) Net Dollar Retention: 128% Sales backlog: $3...

Revenue grew 46% quarter-over-quarter to $6.5 million Gross margin increased by 28.3% quarter-over-quarter to $1.4 million Recurring revenue share increased to 78% and dollar-pegged revenue grew to 26% of total revenue Net profit of $0.2 million for Q3 2025, maintaining profitability year to date DUBAI, United Arab Emirates, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (Nasdaq: SWVL), a global provider of tech-enabled mobility solutions, today announced its financial results for the third quarter ended September 30, 2025. Swvl achieved positive financial performance in Q3 2025, with revenue increasing 46% quarter-over-quarter from $4.4 million to $6.5 million, supported by growth across core markets and sustained margin improvement. Gross margin rose by 28.3% from $1.09 million to $1.4 million, reflecting accelerated growth, an improved mix of dollar-pegged revenue and expanding contract-based operations. Regional Performance GCC (United Arab Emirates and Kingdom of Saudi Arabia) Revenue increased by 81% quarter-over-quarter from $0.94 million to $1.7 million, while gross margin increased by 133% from $0.22 million to $0.5 million. This growth reflects Swvl’s successful execution across Gulf Cooperation Council (GCC) markets, which serve as a core hub for the Company’s planned growth and profitability, potentially paving the way for further expansion across the region. Egypt Revenue rose 36.4% quarter over quarter from $3.49 million to $4.76 million, driven by expanding enterprise demand across key sectors. While margin percentage increased modestly at 2.5% from Q3 2024 to Q3 2025, the quarter focused on scaling the revenue base ahead of anticipated margin improvement in subsequent quarters. Our strategy highlights Swvl continues to execute on its strategic pillars of accelerating growth, margin expansion, recurring revenue growth, and increased exposure of revenue in dollar-pegged markets. Accelerating Growth: Swvl continues to reinvest in its product and commercial organizations, driving an acceleration in revenue growth, which started at 12.4% in Q1 2025, and is now at 46% in Q3 2025. Recurring Revenue Growth: Enterprise contracts now account for nearly four-fifths of revenue, enhancing predictability and reducing the impact of seasonality. Dollar-Pegged Expansion: The Company is growing its USD-linked operations while also preparing for entry int...

Revenue grew 26% year-over-year, and 49% in constant currency in H1 2025 over H1 2024 Achieved Net Income of $0.43 million in H1 2025 The share of dollar-pegged revenue in our portfolio increased from 18% in H1 2024 to 34% in H1 2025, with recurring revenue reaching 85% of total revenue and Net Dollar Retention of 118% DUBAI, United Arab Emirates, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its financial results for the first half of 2025, marking strong and profitable growth across key markets. The Company reported 26% IFRS revenue growth, from $8.07 million in H1 2024 to $10.19 million in H1 2025, and 49% growth in constant currency from $8.07 million to $12.0 million. Gross margin increased by 26% year-over-year to $2.19 million. Swvl also delivered a net profit of $0.43 million, compared to a loss of $5.7 million in H1 2024. Key Highlights: Overall Performance Revenue Growth: 26% year-over-year growth (49% in constant currency) Gross Margin: 26% (with margin percentage steady at 22%) Net Profit: $0.43 million (versus loss of $5.7 million in H1 2024) Cash Outflows: $0.25 million (versus $0.51 million in H1 2024) Revenue Quality Dollar-Pegged Revenue: 34% of total revenue (versus 18% in H1 2024) Recurring Revenue: 85% of total revenue is recurring (versus 74% in H1 2024) Net Dollar Retention: 118% Market Performance By Region Kingdom of Saudi Arabia: Revenue +80%, and gross margins up 112% Egypt: Revenue +29%, and gross margin +18% in constant currency United Arab Emirates: Revenue $0.86 million An explanation and reconciliation of non-IFRS to IFRS measures has been provided in this press release below under the heading “Non-IFRS Financial Metrics.” Mostafa Kandil, Chief Executive Officer of Swvl stated: “We believe that Swvl’s performance in H1 2025 reflects a successful strategy to align growth with resilience. While we achieved 26% revenue growth (49% in constant currency) and grew our total gross margin by 26%, we are still prioritizing recurring, contract-based revenues and scaled dollar-pegged markets aimed at building quality earnings. Our growth is anchored in long-term enterprise contracts that compound over multiple years, with net dollar retention well above 100% signaling that existing clients are expandin...

Revenue growth of 12.4%, and 47% in constant currency for Q1 2025 over Q1 2024 Achieved $0.8 million in Net Profit in Q1 2025 Dollar pegged revenue increased to 34.7% of total revenue for Q1 2025, a 118% increase over Q1 2024 and recurring revenue reached an all-time high of 86% of total revenue Record high for Swvl’s revenue in the Kingdom of Saudi Arabia, representing a 100% increase in quarter on quarter (QoQ) revenue and 97% increase in QoQ gross margin DUBAI, United Arab Emirates, May 14, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its financial results for the first quarter of 2025, marking a pivotal combination of growth and profitability. The Company reported a 12.4% QoQ increase in revenue, from $4.37 million to $4.91 million in the first quarter of 2024, compared to the first quarter of 2025. This is driven by strategic market expansions in high-revenue markets and new long-term contract wins. Total gross margin generated rose by 17.7% QoQ, amounting to $0.98 million in Q1 2025, reflecting Swvl’s continued execution on high-margin verticals and operational efficiencies. Key Highlights: Revenue Growth: Achieved a 12.4% increase in International Financial Reporting Standards (“IFRS”) revenues in the first quarter of 2025 over the first quarter of 2024, fueled by targeted expansion in high-revenue markets and the scaling up of Swvl’s commercial organization. Also achieved 47% increase in revenue growth in constant currency. Dollar-Pegged Revenue: Delivered a substantial QoQ growth in dollar-pegged revenue, with 34.7% of our total revenue being dollar-pegged in Q1 2025, compared to 15.9% in Q1 2024. We believe this reinforces Swvl’s strategic focus on mitigating currency volatility and scaling in stable and strong economies. Recurring Revenue: Recurring revenue rose to 86% in the first quarter of 2025, up from 76% in the first quarter of 2024, as Swvl leverages long-term contracts in enterprise and government mobility sectors. Market Performance: The Company recorded record high revenue in Saudi Arabia, representing a 100% revenue increase and 97% gross margin increase QoQ. Despite the currency devaluation in Egypt in the first quarter of 2024, revenues derived from Egypt delivered on a 29% increase in local currency revenu...