Net income of $1.3M in FY 2025 versus net loss of $10.3M in FY 2024 Revenue grew by 41% to $24.2M; GCC revenue more than doubled (+122%) Operating loss narrowed by 94% to $0.5M from $8.5M, approaching operating profitability Recurring revenue increased to 84%; dollar-pegged revenue reached 33% of total revenue Net Dollar Retention reached 128% across all markets in USD and sales backlog of $38.2M Total equity returned to positive $2.9M DUBAI, United Arab Emirates, April 20, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company", and together with the Company's subsidiaries, the "Group") (NASDAQ: SWVL ), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced its financial results for the fiscal year ended December 31, 2025 ("FY 2025"). Swvl delivered a financial turnaround in FY 2025, with revenue growing by 41% to $24.2 million compared to fiscal year ended December 31, 2024 ("FY 2024"), profitability returning with net income of $1.3 million and positive shareholders' equity. These financial results were driven by accelerating demand for enterprise mobility across Egypt and the Gulf Cooperation Council ("GCC"), disciplined cost management that reduced general and administrative expenses by 39.5% in FY 2025 in comparison to FY 2024, and a strategic shift toward higher-quality, recurring, and dollar-pegged revenue. The scale of the improvement is reflected across certain major financial metrics. Net income increased by ~$11.6 million year-over-year, operating cash outflows narrowed by 42% to $2.1 million, working capital turned positive at $1.0 million, and total equity improved by $3.6 million. Swvl is also entering fiscal year 2026 ("FY 2026") with a sales backlog of $38.2 million and net dollar retention of 128%. FY 2025 Financial Highlights Revenue: $24.2M, up 41% year-over-year from $17.2M Net income: $1.3M vs net loss of $10.3M in FY 2024 (change of $11.6M) Gross profit: $4.4M, up 21% from $3.6M Operating loss narrowed 94% to $0.5M from $8.5M GCC revenue: $8.0M, up 122% year-over-year from $3.6M Egypt revenue: $16.2M, up 20% year-over-year from $13.5M B2B revenue: $20.3M, up 56% year-over-year; 84% of total revenue Recurring revenue: 84% of total (vs 75% of total in FY 2024) Dollar-pegged revenue: 33% of total (vs 23% of total in FY 2024) Net Dollar Retention: 128% Sales backlog: $38.2M entering FY 2026 Operating expenses: $7.2M, down 36% from $11.2M Total equity: positive $2.9M vs negative $0.7M in FY 2024 Cash and cash equivalents: $4.41M Summary (USD, in millions) FY 2025 FY 2024 Change Revenue $24.2 $17.2 +41% Gross Profit $4.4 $3.6 +21% Operating (loss)/income -$0.49 -$8.4 -94% Net income/(loss) $1.3 -$10.3 Full story available on Benzinga.com
Swvl Announces FY 2025 Results; Revenue Up 41% to $24.2 million; Net Income $1.3 million; NDR of 128%; GCC Revenue Up 122%
