Swvl Grows 12.4% Quarter on Quarter in IFRS Revenue, 47% Quarter on Quarter Growth in Revenue in Constant Currency, and Achieves $0.8 Million in Net Profit in Q1 2025

About this update from Swvl Holdings Corp

[{"type":"image","alt":"Swvl Holdings Corp","displaySize":"","headline":null,"caption":"Swvl Holdings Corp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":169,"url":"https://media.zenfs.com/en/globenewswire.com/5875c44b41c738e6a2956be2064e111d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Odk1.EI9_L8qP74cfF1.fQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/5875c44b41c738e6a2956be2064e111d","width":300,"height":169}},"lazy":false},{"type":"text","content":"Revenue growth of 12.4%, and 47% in constant currency for Q1 2025 over Q1 2024","length":78,"tagName":"p"},{"type":"text","content":"Achieved $0.8 million in Net Profit in Q1 2025","length":46,"tagName":"p"},{"type":"text","content":"Dollar pegged revenue increased to 34.7% of total revenue for Q1 2025, a 118% increase over Q1 2024 and recurring revenue reached an all-time high of 86% of total revenue","length":170,"tagName":"p"},{"type":"text","content":"Record high for Swvl’s revenue in the Kingdom of Saudi Arabia, representing a 100% increase in quarter on quarter (QoQ) revenue and 97% increase in QoQ gross margin","length":164,"tagName":"p"},{"type":"text","content":"DUBAI, United Arab Emirates, May 14, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its financial results for the first quarter of 2025, marking a pivotal combination of growth and profitability. The Company reported a 12.4% QoQ increase in revenue, from $4.37 million to $4.91 million in the first quarter of 2024, compared to the first quarter of 2025. This is driven by strategic market expansions in high-revenue markets and new long-term contract wins. Total gross margin generated rose by 17.7% QoQ, amounting to $0.98 million in Q1 2025, reflecting Swvl’s continued execution on high-margin verticals and operational efficiencies.","length":765,"tagName":"p"},{"type":"text","content":"Key Highlights:","length":15,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue Growth: Achieved a 12.4% increase in International Financial Reporting Standards (“IFRS”) revenues in the first quarter of 2025 over the first quarter of 2024, fueled by targeted expansion in high-revenue markets and the scaling up...

More updates from Swvl Holdings Corp