Swvl Inc. Reports Improved Financial Performance

Swvl Inc. is a technology-driven mobility company that operates multimodal transportation networks, offering access to transportation options through its platform and mobile-based application. The company is known for its innovative approach in the mass transit sector, providing reliable and cost-effective transportation solutions. Swvl licenses its technology to transport operators and manages services on predetermined routes, using a widespread network and proprietary technology applications. In its latest earnings report for the six-month period ending June 30, 2025, Swvl Inc. reported a notable improvement in financial performance compared to the same period in 2024. The company achieved a revenue of $10.19 million, marking a 26% increase from the previous year. This growth was primarily driven by a significant rise in business-to-business (B2B) revenue, which increased by 45%, while business-to-customer (B2C) revenue saw a decline of 27%. Key financial highlights include a gross profit of $2.19 million, up from $1.74 million in the previous year, and a reduction in general and administrative expenses from $5.45 million to $2.90 million. The company also reported an operating loss of $0.42 million, a substantial improvement from the $4.07 million loss recorded in the prior year. Additionally, Swvl benefited from a positive change in the fair value of financial liabilities, contributing $0.84 million to its financial results. Despite the positive financial performance, Swvl faced challenges with foreign currency translation, resulting in a comprehensive loss of $0.97 million. However, the company’s management remains optimistic about its future prospects, focusing on expanding its B2B services and leveraging its technology to enhance operational efficiency. Looking ahead, Swvl Inc. is poised to continue its growth trajectory by capitalizing on its strong B2B segment and further optimizing its cost structure. The management is committed to addressing currency-related challenges and exploring new opportunities to expand its market presence, ensuring sustainable growth in the coming years.