Swvl p(US:SWVL)2025-09-08 10:45Revenue 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]