Swvl announces Egypt operations surpassed previous peak revenue levels

Swvl (SWVL) Holdings 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. “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.”