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 猫 salito del 26% raggiungendo 2,19 milioni di dollari.
Tra i traguardi principali, la societ脿 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 qualit脿 dei ricavi 猫 migliorata: la componente ancorata al dollaro 猫 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 societ脿 ha mantenuto un solido Net Dollar Retention del 118%, evidenziando l鈥檈spansione all鈥檌nterno della clientela esistente, e ha migliorato l鈥檈fficienza 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 tecnol贸gica, present贸 s贸lidos resultados financieros en el primer semestre de 2025. Los ingresos aumentaron un 26% hasta 10,19 millones de d贸lares (49% en moneda constante), y el margen bruto creci贸 un 26% hasta 2,19 millones de d贸lares.
Entre los logros destaca un beneficio neto de 0,43 millones de d贸lares, frente a una p茅rdida de 5,7 millones en el H1 de 2024. La calidad de los ingresos mejor贸: los ingresos denominados en d贸lares subieron al 34% (desde 18%) y los ingresos recurrentes alcanzaron el 85% del total. El desempe帽o regional fue muy fuerte en Arabia Saud铆, con un 80% de crecimiento de ingresos y un aumento del 112% en el margen bruto.
La compa帽铆a mantuvo una s贸lida tasa de Net Dollar Retention del 118%, mostrando expansi贸n dentro de sus clientes actuales, y mejor贸 la eficiencia operativa con salidas de caja reducidas a 0,25 millones de d贸lares.
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Swvl Holdings Corp (NASDAQ:SWVL), fournisseur de solutions de transport de masse assist茅es par la technologie, a publi茅 de solides r茅sultats pour le premier semestre 2025. Le chiffre d'affaires a augment茅 de 26% pour atteindre 10,19 millions de dollars (49% en devise constante), et la marge brute a progress茅 de 26% 脿 2,19 millions de dollars.
Parmi les r茅alisations notables, la soci茅t茅 affiche un r茅sultat net de 0,43 million de dollars, contre une perte de 5,7 millions au S1 2024. La qualit茅 des revenus s'est nettement am茅lior茅e : la part des revenus libell茅s en dollar est pass茅e 脿 34% (contre 18%) et les revenus r茅currents repr茅sentent 85% du total. La performance r茅gionale a 茅t茅 particuli猫rement forte en Arabie saoudite, avec une croissance des revenus de 80% et une augmentation de 112% des marges brutes.
La soci茅t茅 a maintenu un solide Net Dollar Retention de 118%, montrant une expansion r茅ussie au sein de sa client猫le existante, et a am茅lior茅 son efficience op茅rationnelle avec des sorties de tr茅sorerie r茅duites 脿 0,25 million de dollars.
Swvl Holdings Corp (NASDAQ:SWVL), ein technologiegest眉tzter Anbieter f眉r Massentransportl枚sungen, meldete starke Ergebnisse f眉r 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 z盲hlt ein Nettoergebnis von 0,43 Mio. USD, nach einem Verlust von 5,7 Mio. USD im H1 2024. Die Erl枚squalit盲t verbesserte sich deutlich: dollargebundene Einnahmen stiegen auf 34% (von 18%) und wiederkehrende Ums盲tze 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-Abfl眉ssen 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 (鈥淪wvl鈥� or the 鈥淐ompany鈥�) (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 鈥淣on-IFRS Financial Metrics.鈥�
Mostafa Kandil, Chief Executive Officer of Swvl stated:
鈥淲e believe that Swvl鈥檚 performance in H1 2025 reflects a successful strategy to align growth with resilience. While we achieved
Ahmed Misbah, Chief Financial Officer of Swvl, added:
鈥淥ur H1 2025 results demonstrate Swvl鈥檚 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 .
Forward-Looking Statements:
This press release contains 鈥渇orward-looking statements鈥� relating to future events. Forward-looking statements generally are accompanied by words such as 鈥渂elieve,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥渃ontinue,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥渆xpect,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� 鈥減lan,鈥� 鈥減redict,鈥� 鈥減otential,鈥� 鈥渟eem,鈥� 鈥渟eek,鈥� 鈥渇uture,鈥� 鈥渙utlook鈥� 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鈥檚 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鈥檚 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鈥檚 business, and actual results may differ materially.
In addition, forward-looking statements provide Swvl鈥檚 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鈥檚 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鈥檚 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鈥檚 Chief Financial Officer:
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鈥檚 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 | 听 | $10.19 | 听 | $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?
How much recurring revenue did Swvl generate in H1 2025?
What was Swvl's performance in Saudi Arabia during H1 2025?
How did Swvl's dollar-pegged revenue change in H1 2025?
What was Swvl's profitability improvement in H1 2025?
