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Highlights

  • SWVL's H1 2025 revenue grew 26% year-over-year to $10.19 million (49% in constant currency).

  • Swvl achieved a net profit of $0.43 million, compared to a loss of $5.7 million in H1 2024.

  • Recurring revenue accounted for 85% of total revenue, up from 74% in H1 2024.

Swvl Holdings Corp (Nasdaq:SWVL), a global provider of tech-enabled mass transit solutions, announced its financial results for the first half of 2025, demonstrating growth and improved profitability across its operations. Total IFRS revenue for H1 2025 reached $10.19 million, representing a 26% increase from $8.07 million in H1 2024. In constant currency terms, revenue increased 49% to $12.0 million.

Gross margin rose to $2.19 million for H1 2025, reflecting a year-over-year increase of 26%, with the margin percentage remaining stable at 22%. The company delivered a net profit of $0.43 million, a notable turnaround from a net loss of $5.7 million during the same period in 2024. Cash outflows decreased to $0.25 million from $0.51 million in H1 2024.

Revenue Quality and Retention

The company improved its revenue quality, with dollar-pegged revenue representing 34% of total revenue, up from 18% in H1 2024. Recurring revenue accounted for 85% of the total, compared to 74% in H1 2024. Swvl also reported a net dollar retention rate of 118%.

Regional Performance

Swvl reported significant growth across key markets. In the Kingdom of Saudi Arabia, revenue increased 80%, with gross margins up 112%. In Egypt, revenue rose 29% in constant currency, and gross margin increased by 18%. The company’s operations in the United Arab Emirates generated $0.86 million in revenue during the first half of 2025.

Operational Highlights

The company emphasized operational efficiency and sustainability as central to its performance. Technology-driven solutions, including real-time data analytics and adaptive networks, continue to support safer and more reliable transportation services. Swvl’s platform provides scalable solutions for enterprises and governments, allowing for efficient mobility in both emerging and developed markets.

About Swvl

Swvl is a leading provider of technology-driven mobility solutions, connecting enterprises and governments with innovative transportation platforms. Leveraging advanced technology, adaptive networks, and real-time data, Swvl aims to deliver reliable, sustainable, and safer mass transit options across multiple regions worldwide.