Swvl Announces H1 2025 Results, Delivering 26% Revenue Growth (49% in Constant Currency), 26% Gross Margin Growth, and Net Income of $0.43 Million

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]