Swvl Egypt Surpasses Prior Peak Revenue, Delivering Major Turnaround with Stronger Profitability
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), fornitore di soluzioni di trasporto di massa supportate dalla tecnologia, ha raggiunto un traguardo importante nelle sue attività in Egitto, superando i livelli di ricavi massimi precedenti del 2022 in sterline egiziane a partire da agosto 2025. La società prevede di raggiungere a breve la parità dei ricavi in dollari USA.
Questo risultato segue l’attuazione di un piano di ristrutturazione biennale incentrato sulla crescita sostenibile e la redditività. La strategia di risanamento ha incluso l’ottimizzazione dei costi, la concentrazione sui mercati core, l’espansione delle offerte enterprise e governative a margine più elevato e l’aumento dei ricavi ricorrenti e agganciati al dollaro.
Swvl Holdings Corp (NASDAQ:SWVL), proveedor de soluciones de transporte masivo habilitadas por tecnología, ha alcanzado un hito relevante en sus operaciones en Egipto, superando sus niveles máximos de ingresos de 2022 en libras egipcias a agosto de 2025. La compañía espera lograr pronto la paridad de ingresos en dólares estadounidenses.
Este logro llega tras la implementación de un plan de reestructuración de dos años centrado en el crecimiento sostenible y la rentabilidad. La estrategia de recuperación incluyó la optimización de costos, el enfoque en mercados clave, la expansión de ofertas para empresas y gobiernos con mayores márgenes y el incremento de ingresos recurrentes y vinculados al dólar.
Swvl Holdings Corp (NASDAQ:SWVL))는 기술 기반의 대중교통 솔루션 제공업체로서, 이집트 사업에서 2025년 8월 기준 이집트 파운드 기준으로 2022년의 최고 매출 수준을 넘어서는 중요한 이정표를 달성했습니다. 회사는 곧 미국 달러 기준 매출과의 균형(달러화 수익 동등성)을 달성할 것으로 기대하고 있습니다.
이 성과는 지속 가능한 성장과 수익성에 초점을 맞춘 2년간의 구조조정 계획을 실행한 결과입니다. 턴어라운드 전략에는 비용 최적화, 핵심 시장 집중, 마진이 높은 기업 및 정부 대상 서비스 확대, 그리고 반복적이고 달러 연동 수익 증대가 포함되었습니다.
Swvl Holdings Corp (NASDAQ:SWVL), fournisseur de solutions de transport de masse technologiques, a annoncé une étape importante pour ses opérations en Égypte, dépassant ses niveaux de revenus record de 2022 en livres égyptiennes à compter d'août 2025. La société s'attend à atteindre prochainement la parité des revenus en dollars américains.
Cette réussite fait suite à la mise en œuvre d'un plan de restructuration de deux ans axé sur la croissance durable et la rentabilité. La stratégie de redressement a inclus l'optimisation des coûts, la concentration sur les marchés clés, l'élargissement des offres entreprises et gouvernementales à marge plus élevée, et l'augmentation des revenus récurrents et indexés sur le dollar.
Swvl Holdings Corp (NASDAQ:SWVL), ein technologiegestützter Anbieter von Massentransportlösungen, hat in seinen Aktivitäten in Ägypten einen wichtigen Meilenstein erreicht und die bisherigen Spitzenumsätze aus 2022 in ägyptischen Pfund per August 2025 übertroffen. Das Unternehmen rechnet damit, bald die Umsatzparität in US-Dollar zu erreichen.
Dieser Erfolg folgt auf die Umsetzung eines zweijährigen Restrukturierungsplans mit Fokus auf nachhaltiges Wachstum und Rentabilität. Die Sanierungsstrategie umfasste Kostenoptimierung, Konzentration auf Kernmärkte, Ausbau margenstärkerer Angebote für Unternehmen und Behörden sowie die Erhöhung wiederkehrender und dollargebundener Umsätze.
- Egypt operations exceeded previous 2022 peak revenue levels in Egyptian pounds
- Successful implementation of restructuring plan in less than two years
- Improved bottom line and unit economics compared to previous peak
- Strategic expansion into higher-margin enterprise and government offerings
- Increased share of recurring and dollar-pegged revenues
- U.S. dollar revenue parity with 2022 peak not yet achieved
- Restructuring period impacted previous operations
Insights
Swvl Egypt's revenue recovery demonstrates successful restructuring with improved profitability, validating management's strategic pivot to sustainable growth.
Swvl Egypt has achieved a notable milestone by returning to 2022 peak revenue levels in Egyptian pound terms, with dollar-denominated parity expected soon. This recovery, coming less than two years after restructuring, is particularly impressive given the challenging macroeconomic environment. The company's turnaround strategy has focused on four key areas: cost structure optimization, concentration on core markets, expansion of higher-margin enterprise and government offerings, and increasing dollar-pegged revenue streams.
Most significantly, management emphasizes that this revenue recovery comes with materially stronger bottom-line performance - indicating improved unit economics rather than just top-line growth. This suggests the company has addressed fundamental business model issues that likely prompted the earlier restructuring.
While the press release doesn't provide specific financial figures, the return to previous peak revenue with better profitability demonstrates successful execution of the company's transformation plan. The focus on higher-margin enterprise and government contracts represents a strategic pivot that reduces reliance on more volatile consumer segments. Similarly, increasing dollar-pegged revenues provides a hedge against currency fluctuations in emerging markets - a critical factor for a company operating across multiple developing economies.
This recovery in Egypt serves as validation of Swvl's broader strategic approach, which they indicate will be applied across other core markets. The company appears to have shifted from prioritizing growth at all costs to a more disciplined, profitability-focused expansion model - a transition many tech-enabled transportation companies have struggled to navigate successfully.
DUBAI, United Arab Emirates, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of tech-enabled mass transit solutions, today announced that its Egypt operations surpassed their previous peak revenue levels from 2022 in Egyptian-pound terms in August 2025, with parity in U.S. dollar terms expected soon. Achieved less than two years after a period of restructuring, we believe that this milestone underscores a decisive turnaround featuring a materially stronger bottom line.
Over the past two years, Swvl executed a focused plan to restore sustainable growth and profitability by optimizing cost structures, concentrating on core markets, expanding higher-margin enterprise and government offerings, and increasing the share of recurring and dollar-pegged revenues. We believe that this revenue result in Egypt marks one of the major proof points of that plan’s impact.
“I view surpassing our prior peak revenue in Egypt as more than a marker of recovery; it reflects a company transformed,” said Mostafa Kandil, Founder and CEO of Swvl. “We believe matching and exceeding historical peaks, while strengthening profitability, validates our strategy and the discipline with which our teams are executing.”
“Our financial agenda has been clear: improve unit economics, sharpen allocation of capital, and scale our high quality revenue across the group,” said Ahmed Misbah, CFO of Swvl. “This revenue turnaround in Egypt demonstrates that we can deliver peak-level topline with a meaningfully better bottom line. We will continue applying this blueprint across our core markets to scale sustainable, profitable growth.”
Swvl remains focused on operational excellence, disciplined market selection, and customer-centric innovation as it advances its mission to modernize mass transit across the globe.
For more information about Swvl and its services, please visit www.swvl.com.
About Swvl
Swvl is a global technology provider offering transformative mobility solutions for enterprises and governments. The company’s platform delivers innovative transportation alternatives, enabling safer, more efficient, and accessible mobility options. Swvl operates in numerous cities worldwide, providing services that empower individuals and organizations to navigate their environments effectively.
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 that the parity in U.S. dollar terms are expected imminently following the revenue surpassing prior peak revenues in Egyptian pound terms, the belief that the milestone underscores a decisive turnaround featuring a materially stronger bottom line, that the revenue result is a proof point of its turnaround plan and of a company transformed, the belief that matching and exceeding historical peaks, while strengthening profitability, validates its strategy and the discipline with which its teams are executing, and that it will apply this blueprint across its core markets to scale growth. 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.
Contact:
Investor Relations: ir@swvl.com
Ahmed Misbah, Swvl’s Chief Financial Officer: ahmed.misbah@swvl.com
FAQ
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