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SWVL Holdings Corp (SWVL) delivers innovative mobility solutions through technology-driven mass transit services and enterprise SaaS platforms. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and strategic initiatives.
Access official press releases covering quarterly earnings, partnership announcements, and operational milestones. Our curated selection includes regulatory filings, leadership updates, and market expansion news relevant to SWVL's position in the urban mobility sector.
Stay informed about the company's dual focus on consumer transportation services and enterprise-grade mobility solutions. Track updates on route optimization technologies, government contracts, and SaaS platform enhancements that drive SWVL's growth across global markets.
Bookmark this page for direct access to SWVL's latest corporate communications. Check regularly for updates on transportation technology innovations and financial disclosures that impact the evolving mobility landscape.
Swvl Holdings Corp (NASDAQ:SWVL), a tech-enabled mass transit solutions provider, reported strong financial results for H1 2025. The company achieved 26% revenue growth to $10.19 million (49% in constant currency), with gross margin increasing by 26% to $2.19 million.
Notable achievements include reaching net profit of $0.43 million, compared to a $5.7 million loss in H1 2024. The company's revenue quality improved significantly, with dollar-pegged revenue increasing to 34% (from 18%) and recurring revenue reaching 85% of total revenue. Regional performance was particularly strong in Saudi Arabia, with 80% revenue growth and 112% increase in gross margins.
The company maintained a strong Net Dollar Retention rate of 118%, demonstrating successful expansion within existing client relationships and improved operational efficiency with reduced cash outflows of $0.25 million.
Swvl Holdings Corp (NASDAQ:SWVL), a tech-enabled mass transit solutions provider, has announced a significant milestone in its Egypt operations, surpassing its previous peak revenue levels from 2022 in Egyptian pounds as of August 2025. The company expects to achieve U.S. dollar revenue parity soon.
This achievement comes after implementing a two-year restructuring plan focused on sustainable growth and profitability. The turnaround strategy included optimizing costs, focusing on core markets, expanding higher-margin enterprise and government offerings, and increasing recurring and dollar-pegged revenues.
Swvl Holdings Corp (NASDAQ: SWVL) has renewed a three-year contract with a major enterprise in essential services, valued at approximately $4 million with expected growth to $5.2 million by contract expiry. The renewal extends their partnership to a total of six years and focuses on providing transportation services to NEOM, Saudi Arabia's ambitious smart city project spanning 26,500 square kilometers.
The contract reinforces Swvl's position in Saudi Arabia's logistics sector and demonstrates its capability to serve remote areas through its technology-enabled mobility solutions. The company's platform aims to help enterprises manage dynamic transportation demands and optimize fleet operations for mission-critical services.
- Dollar-pegged revenue reached 34.7% of total revenue (up from 15.9% in Q1 2024)
- Recurring revenue hit an all-time high of 86% (up from 76%)
- Record performance in Saudi Arabia with 100% QoQ revenue growth and 97% gross margin increase
- Successful launch in UAE with 3 new corporate customers
- 29% local currency revenue growth in Egypt despite currency devaluation
Swvl Holdings (Nasdaq: SWVL) has announced a $2 million private placement of pre-funded warrants to purchase ordinary shares at $4.79 per share. This follows their previous $4.7 million placement in November 2024. The purchasers agreed to a 6-month lock-up period and subsequent trading restrictions limiting transfers to 20% per 90-day period.
The company plans to use the proceeds for working capital and expanding operations in the United States. This placement follows recent developments including securing multiple million-dollar contracts across Egypt, Saudi Arabia, and UAE, obtaining HSBC financing, and preparing for expansion in the US and GCC regions.
The offering is made under Section 4(a)(2) of the Securities Act and/or Regulation D, restricting the sale of securities in the US except through registration or applicable exemptions.
Swvl Holdings Corp. (NASDAQ: SWVL) has appointed Ahmed Misbah as its new Chief Financial Officer, effective immediately. Misbah, who has been with Swvl since June 2021, previously served as Group Finance Manager, Head of Finance, and Director of Finance. His notable achievements include overseeing a $4.7 million private placement, securing sustainable finance with HSBC Bank, and leading the company's portfolio optimization plan that achieved profitability 18 months ahead of schedule.
During H2 2024, under Misbah's financial leadership, the company achieved over 50% top-line growth while reducing corporate overheads by more than 25%. Before joining Swvl, he worked at PricewaterhouseCoopers and served as VP of Strategy & Finance at Middle East startups. The appointment aims to strengthen financial capabilities, accelerate reporting timelines, and enhance investor communications.
Swvl Holdings Corp (Nasdaq: SWVL) has announced a collaboration with Saudi Awwal Bank (SAB Bank) to provide last-mile shuttle services in Riyadh, Saudi Arabia. The initiative coincides with the launch of the Riyadh Metro, which began operations on December 1, 2024. The service aims to bridge first- and last-mile connectivity gaps by connecting SAB employees to metro stations through shuttle buses.
The Riyadh Metro network features six lines spanning 176 kilometers with 85 stations, including four main stations. Swvl's proprietary technology integrates virtual stops to facilitate seamless access to metro stations, offering an alternative to private vehicles and supporting the city's urban mobility transformation.
Swvl Holdings Corp (Nasdaq: SWVL) has announced its product relaunch in the United Arab Emirates, securing four major customers. The company offers two main solutions: a full mobility service providing end-to-end transportation management and a SaaS platform for partners with existing fleets. The full service includes fleet management, captain recruitment, and operational support, while the SaaS platform focuses on enhancing efficiency through automation and data-driven reporting. This expansion aligns with UAE's focus on developing world-class infrastructure and smart transit solutions.