Swvl Holdings Reports Q3 Revenue Up 46% to $6.5 Million with $0.2 Million Net Profit
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Swvl Holdings Corporation reported a 46% increase in Q3 revenue, reaching $6.5 million, up from $4.4 million in the previous quarter. The gross margin rose to $1.4 million, with a net profit of $0.2 million. Recurring revenue constituted 78% of total revenue, while dollar-pegged revenue accounted for 26%. In the Gulf Cooperation Council region, revenue surged by 81% quarter-over-quarter, from $0.94 million to $1.7 million, with gross margin increasing from $0.22 million to $0.5 million.
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