SWVL

Revenue grew 68% year-over-year to $8.2M; GCC revenue more than doubled (+111%) Gross profit grew by 63% year-over-year to $1.6M Operating loss narrowed 71% to $0.17M (operating margin of -2%) from $0.59M (operating margin of -12%), approaching operating breakeven Recurring revenue rose to 88% of total; dollar-pegged revenue reached 44% of total (+111%) NDR of 114% Operating expenses fell to 23% of revenue from 34%, reflecting continued operating leverage DUBAI, United Arab Emirates, June 16, 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 today announced its financial results for the three months ended March 31, 2026 (“Q1 2026”). Swvl carried its FY 2025 momentum into the new fiscal year, growing Q1 2026 revenue by 68% to $8.2 million compared to $4.9M for the three months ended March 31, 2025 (“Q1 2025”), while narrowing its operating loss by 71%. Growth was led by accelerating enterprise demand across the Gulf Cooperation Council (“GCC”) and continued expansion in Egypt, supported by disciplined cost management and a revenue base that is increasingly recurring and dollar-pegged. The quarter’s improvement was broad-based. Gross profit grew 63% from $0.98M for Q1 2025 to $1.6 million for Q1 2026, the operating loss narrowed to $0.17M for Q1 2026 from $0.59M for Q1 2025, and operating expenses declined to 23% of revenue from 34% a year earlier. Consolidated net dollar retention of 114% reflected continued expansion within the Company’s existing customer base. Q1 2026 Financial Highlights Revenue: $8.2M, up 68% year-over-year from $4.9M Gross profit: $1.6M, up 63% year-over-year from $1.0M; gross margin of 19.4% (vs 19.9% in Q1 2025) Operating loss narrowed 71% to $0.17M from $0.59M; operating margin improved to (2.1%) from (12.0%) GCC revenue: $3.6M, up 111% year-over-year from $1.7M Egypt revenue: $4.6M, up 45% year-over-year from $3.2M Recurring revenue: 88% of total revenue (vs 86% in Q1 2025) Dollar-pegged revenue: $3.6M, 44% of total revenue (vs 35% in Q1 2025) Consolidated Net Dollar Retention: 114% (Egypt 121%, GCC 105%) Operating expenses (general and administrative (G&A) and sales and marketing (S&M)): $1.9M, equal to 23% of revenue, down from 34% Summary Revenue Performance Revenue increased 68% to $8.2 million in Q1 2026 from $4.9 million in Q1 2025, with growth contributed by both of the Company’s core markets. The GCC was the primary driver, more than doubling year-over-year, while Egypt sustained double-digit growth. Recurring revenue grew 72% to $7.2 million and represented 88% of total revenue, in comparison to 86% in Q1 2025. Transactional revenue was $1.0 million, or 12% of total revenue. The Company’s enterprise-first strategy continues to drive longer-duration contracts, higher average revenue per account, and more predictable revenue streams. Revenue Quality Metrics Recurring Revenue: recurring revenue represented 88% of total revenue in Q1 2026, in comparison to 86% in Q1 2025. Long-term enterprise contracts continued to provide predictable cash flows and reduce the impact of seasonality. Dollar-Pegged Revenue: dollar-pegged revenue grew 111% to $3.6 million and represented 44% of total revenue, in comparison to 35% in Q1 2025. Continued expansion in the GCC is shifting the revenue base toward hard-currency earnings and reducing foreign currency exchange exposure. Net Dollar Retention (“NDR”): consolidated NDR was 114%, indicating that existing customers expanded their spend with Swvl year-over-year. Egypt’s NDR was 121% and the GCC’s NDR was 105%. We view this metric as reflecting strong product-market fit and the Company’s ability to grow within its installed customer base without incremental acquisition costs. Operating Expense Discipline Operating expenses (G&A and S&M combined) were $1.9 million in Q1 2026, broadly stable in absolute terms despite a 68% increase in revenue. As a percentage of revenue, operating expenses decreased from 34% to 23%, underscoring the operating leverage in Swvl’s business model as it scales. The combination of 68% revenue growth and disciplined cost management produced a 71% improvement in operating loss, which narrowed to $0.17 million from $0.59 million, positioning Swvl near operating breakeven. Profitability and Non-Operating Items Swvl reported a loss before tax of $0.09 million in Q1 2026, in comparison to a profit before tax of $0.77 million in Q1 2025. The year-over-year movement was driven primarily by non-operating, non-cash items rather than operating performance: the change in fair value of financial liabilities contributed a gain of $1.4 million in Q1 2025, compared to $0.14 million in Q1 2026. Excluding this item, operating performance improved materially, with the operating loss narrowing 71% year-over-year. Finance income was $0.01 million and finance costs were $0.07 million in the quarter. Mostafa Kandil, Chief Executive Officer of Swvl, commented: “We believe Q1 2026 shows that the inflection point we reached in FY 2025 is durable. We grew revenue 68% year over year, more than doubled our GCC business, and brought our operating loss to near breakeven; all while holding operating expenses essentially flat. With 88% of revenue recurring and net dollar retention at 114%, we are compounding on a base of long-duration enterprise relationships. As we scale across the GCC, and begin to launch operations in the United Kingdom and the United States, we are focused on converting this momentum into sustained operating profitability.” Ahmed Misbah, Chief Financial Officer of Swvl, added: “Growing revenue 68% year over year while keeping operating expenses flat is what operating leverage looks like in practice. For Q1 2026, operating expenses fell from 34% of revenue to 23%, and the operating loss narrowed 71%. The reported pre-tax loss reflects a smaller non-cash fair-value gain than the prior-year quarter, not a deterioration in the underlying business; we view the operating trend as clearly positive. Our revenue mix also continues to strengthen, with recurring revenue at 88% and dollar-pegged revenue at 44% of the total.” Financial Summary: For Q1 2026, Swvl reported revenue of $8.2 million (up 68% from $4.9 million in Q1 2025), gross profit of $1.6 million (up 63%), and an operating loss of $0.17 million (narrowed 71% from $0.59 million). Operating expenses were $1.9 million, equal to 23% of revenue, down from 34%. GCC revenue grew 111% to $3.6 million, while Egypt revenue grew 45% to $4.6 million. Recurring revenue represented 88% of total revenue and dollar-pegged revenue represented 44%. Consolidated net dollar retention was 114%. The Company reported a loss before tax of $0.09 million, compared to a profit before tax of $0.77 million in Q1 2025 that included a $1.4 million non-cash fair-value gain. Swvl operates across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, Qatar, the United Kingdom, and the United States. Forward-Looking Statements: This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses the Company’s ability to grow within its installed customer base without incremental acquisition costs, the expected contribution of Kuwait and Qatar to GCC revenue over the course of FY 2026, the durability of the Company’s growth inflection, its expected expansion into new markets including the United Kingdom and the United States, and its focus on converting current momentum into sustained operating profitability. These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In particular, the financial results presented herein are unaudited interim results and remain subject to year-end audit adjustments. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings. About Swvl Swvl Holdings Corp (NASDAQ: SWVL) is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions. Swvl serves corporate clients, government institutions, schools, and healthcare providers across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, Qatar, the United Kingdom, and the United States. For more information, visit www.swvl.com. Contact: Investor relations: [email protected] Misbah, CFO of Swvl: [email protected]

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: $38.2M entering FY 2026 Operating expenses: $7.2M, down 36% from $11.2M Total equity: positive $2.9M vs negative $0.7M in FY 2024 Cash and cash equivalents: $4.41M Summary Revenue Performance Full year revenue increased in FY 2025 by 41% to ~$24.2 million compared to $17.2 million in FY 2024, marking a return to strong top-line growth. The acceleration was broad-based, with both Egypt and the GCC contributing meaningfully. Business-to-business (“B2B”) revenue grew in FY 2025 by 56% to ~$20.3 million, representing 84% of total revenue, in comparison to 75% of the total revenue in FY 2024. The Company’s enterprise-first strategy is driving longer-duration contracts, higher average revenue per account, and more predictable revenue streams. Business-to-consumer (“B2C”) revenue in FY 2025 was ~$3.9 million, declining by 8% compared to FY 2024, as the Company continued its strategic pivot toward enterprise clients. Revenue Quality Metrics Recurring Revenue: recurring revenue represented 84% of the total revenue in FY 2025, in comparison to 75% of the total revenue in FY 2024. Long-term enterprise contracts provided predictable cash flows and reduced the impact of seasonality. Dollar-Pegged Revenue: dollar-pegged revenue represented 33% of total revenue, in comparison to 23% of the total revenue in FY 2024. Growth in the United Arab Emirates (“UAE”) and Saudi Arabia continues to shift the revenue base toward hard-currency earnings, while reducing foreign exchange risk. Net Dollar Retention (“NDR”): NDR was 128%, indicating that existing customers expanded their spend with Swvl year-over-year. We view this metric as reflecting strong product-market fit and the Company’s ability to grow within its installed customer base without incremental acquisition costs. Sales Backlog: Sales backlog was $38.2 million as of December 31, 2025, comprising $18.4 million in contracted revenue and $19.8 million in expected renewals across our active customers. We believe that the backlog provides clear visibility into potential near-term revenue. Regional Performance Egypt: revenue grew by 20% to $16.2 million, in comparison to $13.5 million in FY 2024. Growth was driven by client expansions in manufacturing, financial services, and logistics, with key accounts who are large multinational corporations and government entities continuing to scale. Egypt’s NDR was 126%, demonstrating strong expansion dynamics within the Company’s most established market. GCC: revenue more than doubled, growing by 122% to $8.0 million, in comparison to $3.6 million in FY 2024. The revenue in the GCC represents 33% of the Group’s revenue, in comparison to 21% of the Group’s revenue in FY 2024. Within the GCC, the UAE scaled in revenue in FY 2025 from a near-standing start, anchored by several major enterprise wins. Saudi Arabia also grew its client base with 34 active accounts. The GCC remains the Company’s primary growth sector, with recent market entries into Kuwait and Qatar, which are expected to contribute to the GCC’s sector revenue in FY 2026. Operating Expense Discipline Operating expenses (General and Administrative and Sales and Marketing combined) declined by 36% to $7.2 million in FY 2025, compared to $11.2 million in FY 2024. As a percentage of revenue, operating expenses decreased from 65% to 30%, representing an improvement that underscores the operating leverage in Swvl’s business model as it scales. General and Administrative Expenses declined by 39.5% to $6.7 million in FY 2025, in comparison to $11.1 million in FY 2024, driven primarily by a reduction of 43% in staff costs. Professional fees declined by 17%, insurance costs decreased by 57%, and technology costs were reduced by 38% as the Company realized efficiencies from its investment in its proprietary platform. Selling and Marketing Expenses increased to ~$0.47 million in FY 2025 in comparison to $0.12 million in FY 2024 as the Company invested in building its commercial team, particularly in the UAE, to support GCC market expansion. This investment is already reflected in the UAE’s revenue contribution and the broader GCC growth trajectory. The combination of 41% revenue growth with 36% cost reduction produced a 94% improvement in operating loss, narrowing to $0.5 million from $8.5 million, positioning Swvl at the threshold of operating profitability. Balance Sheet and Liquidity Swvl’s balance sheet strengthened materially during FY 2025. Total assets grew by 22% to $20.0 million in FY 2025, driven by increases in trade receivables (reflecting higher revenue run-rate), intangible assets (reflecting technology investment), and right-of-use assets (reflecting renewed office leases). Total equity returned to a positive $2.9 million in FY 2025, compared to negative $0.7 million in FY 2024, representing an improvement of $3.6 million, which was driven by the year’s net profit and equity issuances. Working capital turned positive at $1.0 million in FY 2025 after being negative $1.7 million in FY 2024. Mostafa Kandil, Chief Executive Officer of Swvl, commented: “We believe that FY 2025 proves that Swvl’s enterprise-first model scales. We grew revenue 41% to $24.2 million, turned profitable, and more than doubled our GCC business. In our view, what makes this inflection durable is the quality underneath it: 84% of revenue is recurring, net dollar retention stands at 128%, and we have $38 million in sales backlog providing a clear line of sight into FY 2026. As we expand across the GCC, the United Kingdom, and the United States, we are aiming to build on a foundation of long-duration enterprise contracts that compound over time.” Ahmed Misbah, Chief Financial Officer of Swvl, added: “We believe that FY 2025 results demonstrate that growth and profitability reinforce each other at Swvl. Growing our revenue by 41% while cutting operating expenses by 36% reflects, a business with real operating leverage. Equity is positive again, working capital has turned positive, and our revenue base is structurally stronger than it has ever been.” Financial Summary: For FY 2025, Swvl reported revenue of $24.2 million (up 41% from $17.2 million in FY 2024), net income of $1.3 million (compared to a net loss of $10.3 million in FY 2024), gross profit of $4.4 million, and operating expenses of $7.2 million (down 36% from $11.2 million). B2B revenue reached $20.3 million, representing 84% of total revenue. GCC revenue grew 122% to $8.0 million, while Egypt revenue grew 20% to $16.2 million. The Company ended FY 2025 with $4.4 million in cash, positive total equity of $2.9 million, a sales backlog of $38.2 million, and net dollar retention of 128%. Swvl operates across Egypt, Saudi Arabia, the UAE and Kuwait. Forward-Looking Statements: This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses the Company’s ability to grow within its installed customer base without incremental acquisition costs, that the Company’s sales backlog provides clear visibility into potential near-term revenue, the expected contribution of Kuwait and Qatar to the Group’s revenue in FY 2026, that Swvl’s enterprise-first model scales, its expected expansion into new markets, including the United States, the Company’s goal to build on a foundation of long-duration enterprise contracts that compound over time, and the belief that Swvl is a business with real operating leverage. These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings. About Swvl Swvl Holdings Corp (NASDAQ: SWVL), is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions. Swvl serves corporate clients, government institutions, schools, and healthcare providers across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, and the United Kingdom. For more information, visit www.swvl.com. Contact: Investor relations: [email protected] Ahmed Misbah, CFO of Swvl: [email protected]

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 into the U.S. and the remaining GCC countries to build a more sustainable foreign-currency resilient base. Mostafa Kandil, Chief Executive Officer of Swvl, commented: “Our Q3 2025 results underscore that Swvl’s growth engine is firing across core markets. We remain focused on scaling our high-margin enterprise verticals and expanding our revenue base in existing and new markets while maintaining profitability and strong unit economics.” Ahmed Misbah, Chief Financial Officer of Swvl, commented: “We believe that this quarter demonstrates Swvl’s continued ability to scale profitably while maintaining strong economics. Our progress toward a more stable, recurring, and dollar-pegged revenue base reflects the strength of our model and the resilience of our operations across the region.” About Swvl: Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions across emerging and developed markets. For more information, please visit www.swvl.com. Forward-Looking Statements: This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses its expectations about its ability to maintain profitability; its focus on recurring, contract-based, and USD-linked revenues aimed at building quality earnings; its long-term enterprise contracts and customer retention; its ability to expand in new markets, including the U.S. and additional GCC countries; and its plans to balance growth with margin expansion. These statements are based on current expectations of Swvl’s management and are not guarantees or predictions of future or actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual results may differ materially due to risks and uncertainties as detailed in Swvl’s filings with the U.S. Securities and Exchange Commission. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contact: Investor Relations: [email protected] Ahmed Misbah, Swvl’s Chief Financial Officer: [email protected]

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 expanding their spend with Swvl. We believe that this foundation delivers predictable and higher quality earnings and positions Swvl to continue driving scalable results in the future.” Ahmed Misbah, Chief Financial Officer of Swvl, added: “Our H1 2025 results demonstrate Swvl’s ability to combine growth with profitability, underpinning our disciplined cost management, we improved working capital efficiency and secured strong revenue and gross margin expansions across all operating markets. Recurring revenue reached 85% of total revenues, while the share of dollar-pegged revenue grew by 90%, which we believe highly strengthens our quality of earnings. With this foundation, we expect Swvl to be well positioned to drive both sustainable profitability and long-term growth.” About Swvl: Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions across emerging and developed markets. For more information, please visit www.swvl.com. Forward-Looking Statements: This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses its focus on recurring, contract-based revenues and scaled dollar-pegged markets aimed at building quality earnings; its long-term enterprise contracts that compound over multiple years; existing clients expanding their spend with Swvl; its ability to deliver predictable and higher quality earnings; and its ability to drive scalable results in the future and combine growth with profitability. These statements are based on current expectations of Swvl’s management and are not guarantees or predictions of future or actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual results may differ materially due to risks and uncertainties as detailed in Swvl’s filings with the U.S. Securities and Exchange Commission. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contact: Investor Relations: [email protected] Ahmed Misbah, Swvl’s Chief Financial Officer: [email protected] Non-IFRS Financial Metrics This press release includes references to non-IFRS financial measures, which include constant currency presentation. However, the presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS financial measures with comparable names used by other companies. Swvl uses these non-IFRS financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Swvl’s management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of recurring core business operating results. There are a number of limitations related to the use of non-IFRS financial measures. In light of these limitations, we provide specific information regarding the IFRS amounts excluded from these non-IFRS financial measures and evaluate these non-IFRS financial measures together with their relevant financial measures in accordance with IFRS. Our results of operations varies on account of foreign currency exchange fluctuations in Egypt. We use constant currency to understand actual operating performance, without influence from currency exchange fluctuations. Below is a reconciliation of our non-IFRS measures to the most directly comparable IFRS measure:

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 revenue as shown in the supplementary information. Swvl also successfully launched its services in the United Arab Emirates market, including securing 3 corporate customers in the first quarter of 2025. High Margin Verticals: The company has launched new verticals which are expected to be of higher gross margin to the business, such as premium travel and financial services for suppliers. Mostafa Kandil, CEO of Swvl, stated: “Our Q1 2025 results underscore Swvl’s renewed focus on profitable growth and strategic market positioning. By expanding into high-margin verticals and reinforcing our dollar-pegged revenue streams, we are effectively mitigating market volatility while enhancing shareholder value. The ongoing scaling up of our commercial organization is already generating tangible results, positioning Swvl for faster growth in subsequent quarters.” Ahmed Misbah, CFO of Swvl, added: “We remain committed to operational excellence and disciplined cost management. Our gross margin stability and revenue improvement in Q1 2025 is a direct result of strategic cost optimizations and targeted investments in high-revenue verticals. With a stronger commercial organization and a focus on dollar-pegged and recurring revenue, we believe that we are well-positioned to sustain profitable growth throughout 2025.” 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." Forward-Looking Statements: This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses its commitment to boosting profitability further while concurrently resuming strategic expansions into high-revenue markets, its focus on dollar-pegged revenue, its intention to enhance and restart quarterly reporting, its focus on improving profitability while resuming its high-paced growth and its belief that it is well-positioned to sustain profitable growth throughout 2025. These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings. About Swvl: Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Its technology enhances transit system efficiency, delivering safer, more reliable, and sustainable transportation solutions. For additional information about Swvl, please visit www.swvl.com. Contact: Email: [email protected] Email: [email protected] Non-IFRS Financial Metrics This press release includes references to non-IFRS financial measures, which include constant currency presentation. However, the presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as an alternative to, financial measures determined in accordance with IFRS. In addition, these non-IFRS financial measures may differ from non-IFRS financial measures with comparable names used by other companies. Swvl uses these non-IFRS financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons, and Swvl’s management believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance by excluding certain items that may not be indicative of recurring core business operating results. There are a number of limitations related to the use of non-IFRS financial measures. In light of these limitations, we provide specific information regarding the IFRS amounts excluded from these non-IFRS financial measures and evaluate these non-IFRS financial measures together with their relevant financial measures in accordance with IFRS. Our results of operations varies on account of foreign currency exchange fluctuations in Egypt. We use constant currency to understand actual operating performance, without influence from currency exchange fluctuations. Below is a reconciliation of our non-IFRS measures to the most directly comparable IFRS measure: