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]

Financial Reporting - The consolidated statement of comprehensive income and cash flows for the year ended December 31, 2023, is reported[1] - The company experienced a material weakness in internal controls over financial reporting, specifically related to the classification of continued and discontinued operations[2] Business Operations - The company aims to provide reliable, safe, cost-effective, and environmentally responsible mass transit solutions through its technology-driven platform[18] Stock Market Activity - Ordinary shares and public warrants began trading on the Nasdaq Capital Market effective July 19, 2023, after transferring from the Nasdaq Global Market[19] - A 1-for-25 reverse stock split was implemented on January 25, 2023, affecting the share and per share amounts reported[20] Market Risks - The company is exposed to market risks including credit risk, currency risk, interest rate risk, and other price risk[605] - Credit risk arises from trade and other receivables, with ongoing credit evaluations performed to mitigate concentration risk[606] - The company is not exposed to material interest rate risk due to the absence of significant borrowings[607] - Foreign currency risk exists for transactions in currencies not pegged to the US dollar, such as Pakistani rupees and Egyptian pounds[608] - As of December 31, 2023, the company was not exposed to price risk as it had no financial instruments sensitive to market prices[610]

Core Insights - Swvl Holdings Corp has successfully completed a private placement, raising $2 million through the sale of pre-funded warrants at a price of $4.79 per share, with a lock-up period of 6 months for the purchasers [1][2][3] Group 1: Private Placement Details - The private placement closed on February 7, 2025, and the proceeds will be used for working capital and general corporate purposes, including expansion in the United States [2][3] - This investment follows a previously announced private placement of $4.7 million in November 2024, indicating ongoing investor interest and confidence in Swvl's growth strategy [3] Group 2: Business Developments - Swvl has secured multiple million-dollar contracts in Egypt, Saudi Arabia, and the UAE, and has obtained financing from HSBC to support its sales pipeline [3] - The company is preparing to accelerate its growth and expand its footprint in the United States and the Gulf Cooperation Council (GCC) region [3] Group 3: Company Overview - Swvl is recognized as a leading provider of technology-driven mobility solutions aimed at enhancing transit system efficiency and delivering safer, more reliable, and sustainable transportation options [6]

Core Insights - Swvl Holdings Corp. has appointed Mr. Ahmed Misbah as the new Chief Financial Officer, effective immediately [1][5] - Mr. Misbah has been with Swvl since June 2021, holding various finance leadership roles and contributing significantly to the company's financial operations [2][3] - His achievements include overseeing a $4.7 million private placement, securing sustainable finance with HSBC Bank, and leading the company to profitability 18 months ahead of schedule [3] Company Developments - Mr. Misbah's appointment is part of Swvl's strategy to rebuild its management team and enhance financial capabilities, focusing on accelerating reporting timelines and improving investor communications [5] - Under Mr. Misbah's leadership, Swvl experienced over 50% growth in top line revenue while reducing corporate overheads by more than 25% during the second half of 2024 [3] - The company aims to strengthen its financial resilience across existing and new markets as part of its ambitious expansion plans [5] Background of the CFO - Prior to joining Swvl, Mr. Misbah worked at PricewaterhouseCoopers LLC and held strategic finance roles in multiple startups in the Middle East [4] - He holds a Bachelor's degree in Accounting from the American University in Cairo [4]

Group 1 - SAB Bank is collaborating with Swvl to enhance employee commutes by utilizing Swvl's first- and last-mile shuttle services, connecting employees to the nearest metro stations [1][6] - The Riyadh Metro has officially launched operations, featuring six lines that cover 176 kilometers and include 85 stations, aimed at improving urban mobility and reducing traffic congestion [2] - Swvl's shuttle services are designed to address connectivity gaps between business hubs and metro stations, facilitating a smoother transition for commuters [7][8] Group 2 - Swvl's technology-driven mobility solutions aim to provide safer, more reliable, and sustainable transportation options, supporting Riyadh's transformation into a world-class urban center [8] - The collaboration with SAB Bank is part of a broader initiative to encourage public transport adoption and enhance accessibility in the city following the metro launch [6][7]