Swvl Holdings Corp · NASDAQ:SWVL
Swvl — H1 2025 Earnings Presentation
24 slides from Swvl's earnings presentation, Sep 8, 2025
Slide 1: H1 2025 Update
Hi 2025 | Update swt
Slide 2: Disclaimer
Disclaimer This presentation may contain “forward-looking statements” which include, but are not limited to, statements regarding future events and other statements that are not historical facts. Forward-looking statements are generally accompanied by words such as “believe,” “may,” “will,” “estimat
Slide 3: Statement Regarding Non-IFRS Measures
Statement Regarding Non-IFRS Measures This presentation includes references to non-IFRS financial measures, which include amounts presented in constant currencies. However, the presentation of these non-IFRS financial measures is not intended to be considered in isolation from, or as an alternative
Slide 4: About Swvl
About Swvl Swvl is an end-to-end mobility operating system designed to transform urban transportation by making it more accessible, efficient, and reliable. Our platform leverages real-time data, adaptive networks, and advanced technology to optimize mobility solutions for riders and drivers, ensuri
Slide 5: Products & Services
Products & Services Product Suite Managed Services Real -time Monitoring & Insights Compliance & Safety Management Vehicle Rostering Network Planning & Routing Technologies Identity & Access Management White Labelled Customer Facing App On -ground Support Network Optimization Vehicle Utilization Fle
Slide 6: Strategy Highlight
swt Strategy Highlight
Slide 7: Strategy Highlight
Strategy Highlight Rapid Margins Increase We have made significant improvements over the past couple of years, and we still believe the business could achieve higher margins, which at a steady state, is 35%- 40%. Increase Recurring Revenue Dollar Pegged Revenue Commercial Organization High Margin Ve
Slide 8: Key Highlights for H1 2025
Key Highlights for H1 2025 Revenue Growth 26% Increase in H1 2025 over H1 2024, and an increase of 49% in constant currency in H1 2025 over H1 2024 Gross Margin Dollar Growth 26% Increase in H1 2025 over H1 2024, and an increase of 45% in constant currency in H1 2025 over H1 2024. 8 Recurring Revenu
Slide 9: H1'25 Update - Revenue & Gross Margin
H1’25 Update - Revenue & Gross Margin Revenue and Gross Margin in $Mn 8.07 26% 10.19 H1’25 $1.74 H1’24 $2.19 26% 8.07 H1’24 $0.87 45% $1.74 H1’25 49% 12.0 Revenue and Gross Margin in $Mn in Constant Currency* *Constant currency is a Non-IFRS measure and is reconciled under Appendix A of this present
Slide 10: Strong Growth in Dollar-Pegged Revenue
Strong Growth in Dollar-Pegged Revenue 18% 90% 34% H1’24 H1’25 Dollar-Pegged Revenue as a Percentage of Total Revenue Dollar-Pegged Revenue: represents revenue generated in currencies which are pegged to the US Dollar (i.e, currently, all revenues excluding EGP). Dollar-Pegged Revenue Focus Swvl con
Slide 11: Accelerating Growth in Recurring Revenue
Accelerating Growth in Recurring Revenue Recurring vs. Transactional Revenue Recurring Contract-Based Revenue Focus We have made significant progress in increasing our recurring revenue from 74% in H1 2024 to 85% in H1 2025. This is happening in tandem with increasing our dollar-pegged revenue by ex
Slide 12: Operating Expenses as a Percentage of Revenue
Operating Expenses as a Percentage of Revenue Operating Leverage Our cost structure reflects a business with inherently high operating leverage. A significant portion of our costs is fixed in nature, such as technology, cloud infrastructure, and support functions that enable us to run a global platf
Slide 13: Improvement in Working Capital Efficiency
Improvement in Working Capital Efficiency Net Cash Flows used in Operating Activities in $Mn H1’24 H1’25 (0.51) (0.25) Path to Free Cash Flow Swvl has made significant strides in improving its working capital efficiency over the past two years. In FY22, net cash flows used in operating activities we
Slide 14: Financial Results H1 2025
swt Financial Results H1 2025
Slide 15: P&L
P&L *General and admin expenses breakdown on the following page Condensed Interim Consolidated Statement of Income H1 2025 H1 2024 % Change All figures are in $ USD Revenue 10,189,069 8,067,008 26% Cost of sales (8,000,885) (6,322,748) Gross margin 2,188,184 1,744,260 25% Gross margin % 22% 22% Gene
Slide 16: Breakdown of General & Administrative Expenses
Breakdown of General & Administrative Expenses General & Administrative Expenses H1 2025 H1 2024 % Change All figures are in $ USD Staff costs 1,520,733 3,547,601 57% Professional fees 658,798 763,538 14% Technology costs 223,539 285,654 22% Other expenses 185,692 343,754 46% Depreciation of propert
Slide 17: Balance Sheet
Condensed Interim Consolidated Statement of Financial Position June 2025 December 2024 All figures are in $ USD Cash and cash equivalents 4,876,983 4,958,983 Current assets (minus cash) 7,196,854 5,320,089 Non-current assets 6,157,945 6,085,589 Assets classified as held for sale 1,522 1,522 Total as
Slide 18: Market Performance
swt Market Performance
Slide 19: Kingdom of Saudi Arabia
Kingdom of Saudi Arabia Revenue vs. Gross Margin in $Mn Our business in KSA had an increase in revenue by 80% and margin by 112%. Swvl continues to prioritize high-margin, high-margin contracts, and this focus has yielded outstanding results. In H1 2025, KSA’s gross margin percentage was 30.6%, vers
Slide 20: Egypt in constant currency
Egypt in constant currency in $Mn Note: The 6 Month average FX exchange rate in H1 2024 was USD/EGP 39.79, versus USD/EGP 50.47 in H1 2025 6.64 8.56 H1’24 H1’25 20.7% 29% Non-IFRS Measure Revenue Gross Margin in $Mn 6.64 6.75 H1’24 H1’25 20.7% 18.9% -8% 2% Revenue Gross Margin 18.9% -8% Egypt delive
Slide 21: United Arab Emirates
United Arab Emirates Newly Launched Market Our UAE launch achieved strong Revenue vs. Gross Margin Q1 2025 vs Q2 2025 in $Mn traction in H1'25, generating $0.86M in revenue. Revenue grew 79% QoQ from Q1 to Q2, while gross margin expanded 198%, reflecting both accelerating topline growth and strength
Slide 22: Appendix A Reconciliation of Non-IFRS Measure
Appendix A Reconciliation of Non-IFRS Measure We use constant currency to Reconciliation of Non-IFRS Measure understand our business performance excluding the impact of changes in foreign currency. The table represents our H1 2025 revenue numbers using constant currency presentation. The currency is
Slide 23: Appendix B Definitions
Appendix B Definitions Term Definition Dollar Pegged Revenue Represents revenue generated in currencies which are pegged to the US Dollar (i.e, currently, all revenues excluding EGP). Dollar-Pegged Revenue Growth Represents period over period growth in the percentage of Dollar-Pegged Revenue compare
Slide 24: swt
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