Swvl Announces H1 2025 Results, Delivering 26% Revenue Growth (49% in Constant Currency), 26% Gross Margin Growth, and Net Income of $0.43 Million
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), fornitore di soluzioni di trasporto di massa tecnologiche, ha pubblicato risultati solidi per il primo semestre 2025. I ricavi sono cresciuti del 26% a 10,19 milioni di dollari (49% a cambi costanti), mentre il margine lordo è salito del 26% raggiungendo 2,19 milioni di dollari.
Tra i traguardi principali, la società ha riportato un utile netto di 0,43 milioni di dollari, rispetto a una perdita di 5,7 milioni nello stesso periodo del 2024. La qualità dei ricavi è migliorata: la componente ancorata al dollaro è salita al 34% (da 18%) e i ricavi ricorrenti rappresentano il 85% del totale. Performance regionali particolarmente positive in Arabia Saudita, con una crescita dei ricavi dell'80% e un aumento del margine lordo del 112%.
La società ha mantenuto un solido Net Dollar Retention del 118%, evidenziando l’espansione all’interno della clientela esistente, e ha migliorato l’efficienza operativa con flussi di cassa in uscita ridotti a 0,25 milioni di dollari.
Swvl Holdings Corp (NASDAQ:SWVL), proveedor de soluciones de transporte masivo con base tecnológica, presentó sólidos resultados financieros en el primer semestre de 2025. Los ingresos aumentaron un 26% hasta 10,19 millones de dólares (49% en moneda constante), y el margen bruto creció un 26% hasta 2,19 millones de dólares.
Entre los logros destaca un beneficio neto de 0,43 millones de dólares, frente a una pérdida de 5,7 millones en el H1 de 2024. La calidad de los ingresos mejoró: los ingresos denominados en dólares subieron al 34% (desde 18%) y los ingresos recurrentes alcanzaron el 85% del total. El desempeño regional fue muy fuerte en Arabia Saudí, con un 80% de crecimiento de ingresos y un aumento del 112% en el margen bruto.
La compañía mantuvo una sólida tasa de Net Dollar Retention del 118%, mostrando expansión dentro de sus clientes actuales, y mejoró la eficiencia operativa con salidas de caja reducidas a 0,25 millones de dólares.
Swvl Holdings Corp (NASDAQ:SWVL)는 기술 기반 대중교통 솔루션 제공업체로서 2025년 상반기 강력한 실적을 발표했습니다. 매출은 26% 증가한 1,019만 달러(환율 고정 시 49% 증가)를 기록했고, 총이익은 26% 증가하여 219만 달러를 달성했습니다.
주요 성과로는 H1 2024의 570만 달러 손실에서 벗어나 43만 달러의 순이익을 기록한 점이 있습니다. 매출 품질도 크게 개선되어 달러 연동 매출 비중은 34%로 상승(기존 18%)했고, 반복 매출은 총매출의 85%를 차지했습니다. 지역별로는 사우디아라비아가 특히 강세를 보여 매출이 80% 증가하고 총이익은 112% 증가했습니다.
회사는 기존 고객 내 확장을 입증하는 118%의 Net Dollar Retention을 유지했으며, 현금 유출을 25만 달러로 줄이며 운영 효율성도 향상시켰습니다.
Swvl Holdings Corp (NASDAQ:SWVL), fournisseur de solutions de transport de masse assistées par la technologie, a publié de solides résultats pour le premier semestre 2025. Le chiffre d'affaires a augmenté de 26% pour atteindre 10,19 millions de dollars (49% en devise constante), et la marge brute a progressé de 26% à 2,19 millions de dollars.
Parmi les réalisations notables, la société affiche un résultat net de 0,43 million de dollars, contre une perte de 5,7 millions au S1 2024. La qualité des revenus s'est nettement améliorée : la part des revenus libellés en dollar est passée à 34% (contre 18%) et les revenus récurrents représentent 85% du total. La performance régionale a été particulièrement forte en Arabie saoudite, avec une croissance des revenus de 80% et une augmentation de 112% des marges brutes.
La société a maintenu un solide Net Dollar Retention de 118%, montrant une expansion réussie au sein de sa clientèle existante, et a amélioré son efficience opérationnelle avec des sorties de trésorerie réduites à 0,25 million de dollars.
Swvl Holdings Corp (NASDAQ:SWVL), ein technologiegestützter Anbieter für Massentransportlösungen, meldete starke Ergebnisse für das erste Halbjahr 2025. Der Umsatz stieg um 26% auf 10,19 Mio. USD (49% bei konstanten Wechselkursen), und die Bruttomarge nahm um 26% auf 2,19 Mio. USD zu.
Zu den bemerkenswerten Ergebnissen zählt ein Nettoergebnis von 0,43 Mio. USD, nach einem Verlust von 5,7 Mio. USD im H1 2024. Die Erlösqualität verbesserte sich deutlich: dollargebundene Einnahmen stiegen auf 34% (von 18%) und wiederkehrende Umsätze machten 85% des Gesamtumsatzes aus. Regional besonders stark war Saudi-Arabien mit einem Umsatzwachstum von 80% und einer 112%igen Steigerung der Bruttomargen.
Das Unternehmen hielt eine solide Net Dollar Retention von 118%, was die erfolgreiche Expansion bei bestehenden Kundenbeziehungen zeigt, und verbesserte die operative Effizienz bei reduzierten Cash-Abflüssen von 0,25 Mio. USD.
- Achieved profitability with $0.43 million net profit, compared to $5.7 million loss in H1 2024
- Strong revenue growth of 26% YoY (49% in constant currency) to $10.19 million
- Improved revenue quality with 85% recurring revenue (up from 74%) and 34% dollar-pegged revenue (up from 18%)
- Impressive regional growth with Saudi Arabia revenue up 80% and gross margins up 112%
- Strong Net Dollar Retention rate of 118% indicating successful client expansion
- Reduced cash outflows to $0.25 million from $0.51 million in H1 2024
- Currency fluctuations impact reported growth (26% IFRS vs 49% constant currency)
- Gross margin percentage remained flat at 22% despite revenue growth
Insights
Swvl achieves profitability milestone with strong revenue growth and improved revenue quality despite currency headwinds.
Swvl's H1 2025 results mark a significant turnaround with the company achieving
The quality of Swvl's revenue stream has substantially improved, with recurring revenue increasing to
Market performance shows exceptional growth in Saudi Arabia with revenue up
Cash outflows have been reduced by approximately
Revenue grew
Achieved Net Income of
The share of dollar-pegged revenue in our portfolio increased from
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
Key Highlights:
Overall Performance
- Revenue Growth:
26% year-over-year growth (49% in constant currency) - Gross Margin:
26% (with margin percentage steady at22% ) - 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 (versus18% in H1 2024) - Recurring Revenue:
85% of total revenue is recurring (versus74% in H1 2024) - Net Dollar Retention:
118%
Market Performance By Region
- Kingdom of Saudi Arabia: Revenue +
80% , and gross margins up112% - 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
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
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: investor.relations@swvl.com
Ahmed Misbah, Swvl’s Chief Financial Officer: ahmed.misbah@swvl.com
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 from | USD FX H1 2025 | In USD | Constant Currency FX* | In constant currency |
| Egypt | 50.47 | 6.75 | 39.79 | 8.56 |
| United Arab Emirates | 3.6725 | 0.86 | 3.6725 | 0.86 |
| Kingdom of Saudi Arabia | 3.75 | 2.58 | 3.75 | 2.58 |
| Total assets | $10.19 | $12.0 | ||
*Constant currency FX is the average exchange rate of USD/EGP in H1 2024, applied to H1 2025 revenues. | ||||
FAQ
What were Swvl's (NASDAQ:SWVL) key financial results for H1 2025?
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What was Swvl's performance in Saudi Arabia during H1 2025?
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What was Swvl's profitability improvement in H1 2025?
