Swvl reports 1H IFRS revenue $10.18M vs. $8.07M last year

Reports 1H constant currency revenue $12M. Swvl (SWVL) also delivered a net profit of $0.43M, compared to a loss of $5.7M in H1 2024. Mostafa Kandil, CEO of Swvl stated: “We believe that Swvl’s performance in H1 2025 reflects a successful strategy to align growth with resilience. While we achieved 26% revenue growth and grew our total gross margin by 26%, we are still prioritizing recurring, contract-based revenues and scaled dollar-pegged markets aimed at building quality earnings. Our growth is anchored in long-term enterprise contracts that compound over multiple years, with net dollar retention well above 100% signaling that existing clients are expanding their spend with Swvl. We believe that this foundation delivers predictable and higher quality earnings and positions Swvl to continue driving scalable results in the future.”