Slide 1: Investor Update H1 2026
Investor Update H1 2026
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: Business at a Glance
Business at a Glance One platform, complete control, measurable ROI — route-optimization software (SaaS) paired with end-to-end managed mobility (MaaS). Rider app, operator dashboard & captain app Mobility Interface Suite Driver vetting, geo-monitoring, incident reporting Safety, Compliance & Monito
Slide 4: H1 2026: results
H1 2026: results Dollar Pegged-Revenue 44% Dollar-pegged revenue reached 44% of total revenue, up from 34% in H1'25. Revenue Growth 59% Revenue grew to $16.22M, up from $10.19M in H1'25. Recurring Revenue 88% Recurring revenue reached 88% of total revenue, up from 85% in H1'25 Gross Profit 35% Gross
Slide 5: Financial Performance
H1'24 H1'25 H1'26 Financial Performance Revenue Gross Profit $16.22M $10.19M $8.07M 26% 59% 26% 35% H1'24 H1'25 H1'26 $1.74M $2.95M $2.19M 4/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update
Slide 6: Higher Quality of Revenue: Recurring vs Transactional
Higher Quality of Revenue: Recurring vs Transactional 5/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update Recurring Revenue Transactional Revenue 74% 26% H1'24 85% 15% H1'25 88% 12% H1'26 Recurring Contract-Based Revenue Focus Swvl’s recurring revenue comes in the form of enterprise contracts that
Slide 7: Higher Quality of Revenue: Dollar Pegged Revenue
Higher Quality of Revenue: Dollar Pegged Revenue 6/ Dollar-Pegged Revenue Focus Swvl continues to focus on dollar pegged revenue across its operating geographies. In H1 2026 our dollar pegged revenue as a share of total revenue reached 44%, up from 34% in H1 2025. We continue to aim at expanding our
Slide 8: Revenue Bridge
Revenue Bridge Revenue walk, H1'25 → H1'26 ($ millions) $10.19M +$2.35M +$3.68M $16.22M 7/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update 61% 39% H1'25 Revenue Egypt GCC H1'26 Revenue (+$3.68M, +107% YoY Growth) GCC delivered (+$2.35M, +35% YoY Growth) Egypt delivered of the growth of the growth
Slide 9: Cost Structure & OpEx Efficiency
Cost Structure & OpEx Efficiency Swvl’s operating leverage allows it to grow revenue faster than opex. During the last three half-year results, operating expenses as a percentage of revenue has dropped from 67.7%, to 28.6%, to 25%. H1'24 H1'25 H1'26 67.7% 28.6% 25.0% ● OpEx % of revenue Revenue Oper
Slide 10: From Revenue to Operating Result
From Revenue to Operating Result H1 2026 income statement bridge ($ millions) $16.22M −$13.28M $2.95M +$0.78M -$0.57M GM 18.2% Total expenses include General and Administrative, Selling and Marketing and Expected Credit Losses. 9/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update -$4.29M Revenue Co
Slide 11: Cash Flow from Operations
Cash Flow from Operations Net cash used in operating activities, what drove H1'26 ($ millions) H1'26 operating cash flow build-up -$0.52M $0.38M -$0.14M -$1.96M -$0.28M $0.36M 10/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update -$2.02M Loss Non-cash Adjustments Pre-WC CF Receivables Prepayments P
Slide 12: Gross Margin Walk
Gross Margin Walk Gross margin H1'25 → H1'26 21.5% 0.8pp −0.4pp −3.7pp 18.2% 11/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update H1'25 GM Market mix Egypt Margin GCC Margin H1'26 GM Gross Margin Analysis GCC contribution to group margin reduced by 3.7 percentage points while revenue grew 107%. Wh
Slide 13: Liquidity
Liquidity Cash bridge, 31 Dec 2025 → 30 Jun 2026 → post-period financing ($ millions) $4.41M Cash 31 Dec 2025 -$2.02M Operating -$0.29M Investing -$0.02M Financing +$0.01M FX $2.09M Cash 30 Jun 2026 +$14.50M PIPE Transaction (Aug 2026) $16.59M Post-period Financing 12/ SWVL Holdings Corp | NASDAQ: S
Slide 14: Geography deep dive
Geography deep dive 13/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update
Slide 15: Revenue by Geographical Location
Revenue by Geographical Location Egypt H1'25 H1'26 $6.75M $9.10M $3.44M $7.12M $10.19M $16.22M GCC Total 35% 107% 59% GCC: Gulf Cooperation Council 14/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update
Slide 16: Commercial Highlights | Egypt
H1'25 H1'26 H1'25 H1'26 Commercial Highlights | Egypt 29% Revenue Gross Profit 35% $6.75M $9.10M $1.65M $1.28M Egypt revenue +35% YoY from $6.75M to $9.10M. Gross profit grew by 29%, expanding from $1.28M to $1.65M. Swvl continued to deepen its footprint in Egypt, the company's most mature market, t
Slide 17: Commercial Highlights | GCC
H1'25 H1'26 H1'25 H1'26 Commercial Highlights | GCC 42% Revenue Gross Profit 107% $3.44M $7.12M $1.29M $0.91M The GCC market delivered exceptional growth in H1 2026, with revenue growing 107% YoY from $3.44M to $7.12M. Gross profit increased by 42% growing from $0.91M to $1.29M. While overall gross
Slide 18: Appendix 1: Condensed interim consolidated statement of comprehensive profit or loss
Appendix 1: Condensed interim consolidated statement of comprehensive profit or loss 17/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update Jun 30, 2026 Jun 30, 2025 Continuing operations Revenue 16,223,166 10,189,069 Cost of sales (13,277,164) (8,000,885) Gross income 2,946,002 2,188,184 General an
Slide 19: Appendix 1: Statement of comprehensive profit or loss (continued)
18/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update Jun 30, 2026 Jun 30, 2025 Discontinued operations Profit/(loss) for the period from discontinued operations — — (Loss)/profit for the period (520,182) 432,200 Attributable to: Equity holders of the Parent Company (520,182) 432,200 Non-controllin
Slide 20: Appendix 2: Statement of financial position
19/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update At 30 June 2026 At 31 December 2025 ASSETS Non-current assets Property and equipment 219,796 281,312 Intangible assets 939,055 684,441 Right-of-use assets 978,452 1,110,717 Deferred tax assets 5,309,288 5,486,804 7,446,591 7,563,274 Current asse
Slide 21: Appendix 2: Statement of financial position (continued)
20/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update At 30 June 2026 At 31 December 2025 EQUITY Share capital 24,910 24,910 Share premium 354,179,329 354,179,329 Employee share scheme reserve 730,488 661,495 Foreign currency translation reserve (16,505,273) (16,247,136) Reserve of disposal groups
Slide 22: Appendix 2: Statement of financial position (continued)
21/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update At 30 June 2026 At 31 December 2025 LIABILITIES Non-current liabilities Provision for employees' end of service benefits 180,279 145,681 Derivative warrant liabilities 223,994 400,806 Accounts payable, accruals and other payables — 16,867 Lease
Slide 23: Appendix 3: Cash flow statement
22/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update Jun 30, 2026 Jun 30, 2025 (Loss)/profit before tax from continued operations (520,182) 432,200 Profit before tax from discontinued operations — — (Loss)/profit for the period before tax (520,182) 432,200 Adjustments to reconcile profit/(loss) be
Slide 24: Appendix 3: Cash flow statement (continued)
23/ SWVL Holdings Corp | NASDAQ: SWVL | H1 2026 Update Jun 30, 2026 Jun 30, 2025 Cash flows from investing activities Development expenditure (intangible assets) (273,499) — Purchase of property and equipment (13,581) (2,950) Net cash flows used in investing activities (287,080) (2,950) Cash flows f
Slide 25: Definitions
Definitions Term Definition Dollar-Pegged Revenue Revenue generated in currencies pegged to the US Dollar, i.e. all revenue generated outside Egypt. Egypt (EGP) revenue is non-dollar-pegged. Dollar-Pegged Revenue % Dollar-Pegged Revenue as a percentage of total revenue for the period. Recurring Reve
Slide 26: SW
SW