Core Insights - Swvl Holdings Corp has achieved a significant milestone by surpassing 100,000 bookings in collaboration with Bank AlJazira since the beginning of 2025, highlighting a commitment to redefining daily commuting through technology-driven solutions [1][3][4] Group 1: Collaboration and Impact - The partnership between Swvl and Bank AlJazira aims to transform employee transportation into a greener and smarter journey, focusing on optimizing routes, reducing emissions, and enhancing commuting experiences in Saudi Arabia [2][3] - This collaboration has successfully transported thousands of employees, contributing to a reduction in the environmental footprint of corporate mobility and aligning with Saudi Arabia's Vision 2030 sustainability goals [3][4] Group 2: Future Commitment - Swvl emphasizes the importance of partnerships with forward-thinking institutions to redefine urban mobility and remains dedicated to building collaborations that deliver measurable impacts [4]

Core Points - Swvl Holdings Corp received a notice from Nasdaq regarding non-compliance with Listing Rule 5550(b)(2), which requires a minimum market value of publicly held shares of $35 million [1] - The company has until April 29, 2025, to regain compliance by maintaining the required market value for at least 10 consecutive business days [1] - The company intends to monitor its market value and may consider options to regain compliance, although there is no assurance of success [2] Company Overview - Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments, utilizing real-time data and advanced technology to offer reliable and sustainable transportation solutions [3]

Core Insights - Swvl Holdings Corp reported a 46% quarter-over-quarter revenue growth, reaching $6.5 million in Q3 2025, driven by strong performance in core markets and improved margins [1][2] - The gross margin increased by 28.3% to $1.4 million, reflecting a better mix of dollar-pegged revenue and expanding contract-based operations [1][2] - The company maintained profitability with a net profit of $0.2 million for Q3 2025, continuing its positive financial trajectory year to date [1] Regional Performance - In the GCC region, revenue surged by 81% quarter-over-quarter from $0.94 million to $1.7 million, with gross margin increasing by 133% from $0.22 million to $0.5 million, indicating successful execution in these markets [3] - Egypt saw a revenue increase of 36.4% from $3.49 million to $4.76 million, driven by growing enterprise demand, although margin percentage saw a modest increase of 2.5% [4] Strategic Highlights - The company is focused on accelerating growth, margin expansion, and increasing recurring revenue, with enterprise contracts now accounting for nearly 80% of total revenue [5][6] - Swvl is expanding its dollar-pegged operations and preparing for entry into the U.S. and additional GCC countries to build a more resilient revenue base [6] - The management emphasizes the importance of scaling high-margin enterprise verticals while maintaining profitability and strong unit economics [6]

Revenue and Profitability - Revenue for the six-month period ended June 30, 2025, was $10,189,069, representing a 26.4% increase from $8,067,008 in the same period of 2024[4] - Profit before tax from continuing operations was $432,200, a turnaround from a loss of $5,692,847 in the previous year[4] - The company reported a total comprehensive loss of $968,401 for the period, a significant improvement from a loss of $10,406,374 in the previous year[4] - Swvl Holdings Corp reported a profit of $432,200 for the six-month period ended June 30, 2025, a significant improvement from a loss of $5,692,847 in the same period of 2024[19] - Basic earnings per share for the six-month period ended June 30, 2025, was $0.04, a significant improvement from a loss of $0.67 per share in 2024[46] Operational Efficiency - Operating loss significantly reduced to $416,259 compared to a loss of $4,072,691 in the prior year, indicating improved operational efficiency[4] - General and administrative expenses decreased to $2,898,277 for the six-month period ended June 30, 2025, down from $5,451,740 in 2024, a reduction of 46.8%[40] Assets and Equity - Total assets increased to $18,233,304 as of June 30, 2025, up from $16,366,183 at the end of 2024[3] - Total equity attributable to equity holders of the Parent Company rose to $3,677,154, compared to $2,282,328 at the end of 2024[3] - Trade receivables increased to $3,646,592 as of June 30, 2025, compared to $2,614,945 at the end of December 2024, reflecting growth in revenue generation[27] - The Group's accumulated losses decreased slightly to $339.4 million as of June 30, 2025, from $339.8 million as of December 31, 2024[19] Cash Flow and Liquidity - Cash and cash equivalents decreased slightly to $4,876,983 from $4,958,983, indicating stable liquidity[3] - The Group's net cash flows used in operating activities were $(250,110) for the six-month period ended June 30, 2025, compared to $(512,887) for the same period in 2024, indicating a reduction in cash outflows[19] - Cash and cash equivalents at the end of the period increased to $4,876,983 as of June 30, 2025, up from $1,183,790 at the end of June 2024[19] - As of June 30, 2025, the Group's cash and cash equivalents totaled $4,878,504, a decrease from $4,960,505 as of December 31, 2024, reflecting a decline of approximately 1.65%[28] Financial Liabilities - Total financial liabilities increased to $13,567,536 as of June 30, 2025, compared to $13,076,916 at December 31, 2024, indicating a rise of about 3.8%[54] - Accounts payable, accruals, and other payables (excluding non-financial items) rose to USD 9,536,435 at June 30, 2025, from USD 9,376,566 at December 31, 2024[54] - Deferred purchase price liabilities decreased to USD 646,678 at June 30, 2025, down from USD 1,148,013 at December 31, 2024[54] - Lease liabilities decreased to USD 809,220 at June 30, 2025, compared to USD 1,047,064 at December 31, 2024[54] - Current tax liabilities increased to USD 1,069,663 at June 30, 2025, from USD 836,117 at December 31, 2024, reflecting a growth of approximately 28%[54] - Derivative warrant liabilities increased significantly to USD 1,505,540 at June 30, 2025, compared to USD 669,156 at December 31, 2024, marking an increase of about 125%[54] Employee Engagement - Employee share scheme reserve increased to $631,629 from $564,127, reflecting ongoing employee engagement initiatives[5] - Key management personnel compensation for the six-month period ended June 30, 2025, was USD 231,108, a significant decrease from USD 2,196,693 in the same period of 2024[50] Strategic Initiatives - The Group obtained a smart transportation operating license in Egypt in May 2023, valid for five years, enhancing its operational capabilities in the region[25] - Other reserves increased significantly to $3,886,000 from $1,886,000, indicating potential for future investments or strategic initiatives[3]

Overall Performance - The company reported a 26% year-over-year revenue growth, increasing from $8.07 million in H1 2024 to $10.19 million in H1 2025, and a 49% growth in constant currency from $8.07 million to $12.0 million [2][5] - Achieved a net profit of $0.43 million in H1 2025, compared to a loss of $5.7 million in H1 2024 [2][5] - Gross margin increased by 26% year-over-year to $2.19 million, maintaining a margin percentage of 22% [2][5] Revenue Quality - Recurring revenue reached 85% of total revenue, up from 74% in H1 2024 [5] - The share of dollar-pegged revenue increased significantly from 18% in H1 2024 to 34% in H1 2025, reflecting a 90% growth [5][4] - Net Dollar Retention stood at 118%, indicating existing clients are increasing their spending [5][4] Market Performance By Region - Revenue in the Kingdom of Saudi Arabia grew by 80%, with gross margins up 112% [5] - In Egypt, revenue increased by 29%, with gross margin rising by 18% in constant currency [5] - Revenue from the United Arab Emirates was reported at $0.86 million [5]

Core Insights - Swvl Holdings Corp has achieved a significant milestone by surpassing its previous peak revenue levels in Egypt in August 2025, with expectations of matching this in U.S. dollar terms soon, indicating a strong recovery and improved profitability [1][2][3] Company Strategy - Over the past two years, Swvl has implemented a focused plan aimed at restoring sustainable growth and profitability through optimizing cost structures, concentrating on core markets, expanding higher-margin enterprise and government offerings, and increasing recurring and dollar-pegged revenues [2][3] - The revenue results in Egypt serve as a major proof point of the effectiveness of this strategic plan [2] Leadership Commentary - The CEO of Swvl, Mostafa Kandil, emphasized that surpassing prior peak revenue in Egypt signifies a transformation within the company, validating their strategy and execution discipline [3] - The CFO, Ahmed Misbah, highlighted the importance of improving unit economics and capital allocation, stating that the revenue turnaround demonstrates the ability to achieve peak-level topline with a significantly better bottom line [3] Operational Focus - Swvl remains committed to operational excellence, disciplined market selection, and customer-centric innovation as part of its mission to modernize mass transit globally [3]

Core Insights - Swvl has launched its first Software-as-a-Service (SaaS) offering in the United Kingdom, marking a strategic expansion into the European market [1][4] - The new contract is a significant step in Swvl's global SaaS rollout and establishes its software platform as a globally exportable solution for mobility digitization [1][2] Group 1 - The UK contract introduces Swvl's proprietary mobility management platform, allowing enterprise clients to digitize operations, monitor fleets in real-time, and optimize route planning [2][3] - This rollout aims to address major pain points faced by corporations, warehouses, universities, and schools regarding fragmented and inefficient commute operations [3] - Swvl's SaaS platform includes a Rider App, Driver App, and Client Portal, providing a comprehensive toolkit for organizations to transition to data-driven and cost-effective commute operations [3] Group 2 - CEO Mostafa Kandil emphasized that the contract validates the global relevance of Swvl's platform and affirms the scalability of its technology [4] - The company views Europe as a strategic growth corridor, and this milestone is seen as the beginning of a new chapter in Swvl's expansion story [4]

Core Insights - Swvl has secured a three-year contract valued at up to $4 million, expected to exceed $5.2 million by the end of the contract, extending a six-year relationship with a large enterprise in essential services [1][2][5] - The contract renewal emphasizes Swvl's strategic role in expanding transportation operations in Saudi Arabia, particularly in supporting the NEOM smart city project [1][3][4] Company Expansion and Strategy - The renewal of the contract reinforces Swvl's position as a trusted partner in Saudi Arabia's logistics sector, where demand for reliable transportation solutions is increasing due to ongoing infrastructure investments [2][5] - Swvl aims to expand its operational network to remote areas like NEOM, which is planned to cover 26,500 square kilometers, ensuring essential connectivity and operational continuity [3][4] Technological Advancements - Swvl's advanced technology platform is designed to help enterprises manage dynamic transportation demands and optimize fleet operations, which is crucial for timely service delivery in evolving city landscapes like NEOM [4][5] - The integration of Swvl's technology platform is expected to enhance convenience, reliability, and operational excellence for customers [5]

Core Viewpoint - Swvl Holdings Corp has launched a luxury travel vertical to meet the increasing demand for high-end transportation services, aiming to diversify into high-margin business segments and support sustainable profitability [1][4]. Group 1: Service Offerings - The luxury travel vertical includes premium airport transfers, on-demand rides, intercity travel, personalized meet-and-greet services, and event transportation solutions tailored for frequent travelers and corporate clients [1]. - Swvl's proprietary technology platform enhances booking experiences, fleet optimization, and service management, ensuring a world-class experience for premium travelers [1][4]. Group 2: Market Expansion - The launch in the United Arab Emirates is the beginning of Swvl Luxury Travel's rollout, with plans to expand across the Gulf Cooperation Council (GCC) due to rising demand from high-net-worth clients and business travel [2]. - The vertical is gaining traction in the GCC, with interest from government entities, luxury hospitality groups, and event organizers [2]. Group 3: Strategic Partnerships - Swvl has established collaborations with three top chauffeur providers and two leading travel agencies, and has begun operations with a luxury fashion house as their preferred transportation partner in the GCC [3]. - These partnerships are designed to provide quick market traction and position Swvl as a preferred luxury mobility partner for both business and leisure travelers [3]. Group 4: Leadership Insights - The CEO of Swvl emphasized the growth potential in the luxury travel market driven by corporate demand, tourism, and regional events, positioning the company to deliver premium transportation experiences while driving higher-margin revenues [4].

Core Insights - Swvl Holdings Corp reported a revenue growth of 12.4% in Q1 2025 compared to Q1 2024, with total revenue reaching $4.91 million, driven by strategic market expansions and new long-term contracts [1][4] - The company achieved a net profit of $0.8 million in Q1 2025, marking a significant milestone in profitability [1] - Dollar-pegged revenue constituted 34.7% of total revenue in Q1 2025, reflecting a 118% increase from Q1 2024, indicating a strategic focus on mitigating currency volatility [1][4] - Recurring revenue reached an all-time high of 86% of total revenue in Q1 2025, up from 76% in Q1 2024, showcasing the effectiveness of long-term contracts in enterprise and government sectors [1][4] - Swvl experienced record revenue growth in Saudi Arabia, with a 100% increase in QoQ revenue and a 97% increase in QoQ gross margin [1][4] Revenue Growth - The company reported a 12.4% increase in IFRS revenues in Q1 2025 over Q1 2024, with a constant currency revenue growth of 47% [4] - The total gross margin rose by 17.7% QoQ, amounting to $0.98 million in Q1 2025, reflecting operational efficiencies [1] Market Performance - Despite currency devaluation in Egypt, local currency revenue from Egypt increased by 29% in Q1 2025 [4] - Swvl successfully launched services in the UAE market, securing three corporate customers in Q1 2025 [4] Strategic Focus - The CEO emphasized a renewed focus on profitable growth and strategic market positioning, particularly in high-margin verticals [3] - The CFO highlighted the commitment to operational excellence and disciplined cost management, contributing to gross margin stability and revenue improvement [3]