Swvl Holdings Corp · NASDAQ:SWVL
Swvl — H1 2025 Earnings Presentation
24 slides from Swvl's earnings presentation, September 2025
Slide 1: H1 2025 Update
H1 2025 | Update SWVL
Slide 2: Forward-looking Statements
Forward-looking Statements 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 “believ
Slide 3: Forward-looking Statements (continued)
Forward-looking Statements (continued) 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 i
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 Value Product Managed Managed Proposition Suite Services Services Swvl s an end-to-end mobility operating system designed to transform urban mobility by making it more accessible, safe, cost-efficient, and reliable. On-ground Support Schools Real-time Monitoring & Insights Our co
Slide 6: Strategy Highlight
SW Strategy Highlight
Slide 7: Strategy Highlight
Strategy Highlight Rapid Margins Increase Dollar Increase Recurring Revenue Pegged Revenue We have made significant improvements Increase our recurring revenue Increase dollar-pegged revenue as a over the past couple of years, and we still percentage of total revenue to mitigate percentage of total
Slide 8: Key Highlights for H1 2025
Key Highlights for H1 2025 Revenue Gross Margin Dollar Pegged Recurring Net Dollar Growth Dollar Growth Revenue Growth Revenue Retention 26% 26% 90% 85% 118% Increase in H1 2025 over H1 Increase in H1 2025 over H1 Increase in the share of dollar- Reached 85% of recurring Measures the expansion (net
Slide 9: H1'25 Update - Revenue & Gross Margin
H1’25 Update - Revenue & Gross Margin Non-IFRS Measure Revenue and Gross Margin in $Mn Revenue and Gross Margin in $Mn in Constant Currency* 49% 12.0 26% 10.19 8.07 8.07 26% $2.19 45% $1.74 $0.87 $1.74 H1’24 H1’25 H1’24 H1’25 *Constant currency is a Non-IFRS measure and is reconciled under Appendix
Slide 10: Strong Growth in Dollar-Pegged Revenue
Strong Growth in Dollar-Pegged Revenue Dollar-Pegged Revenue as a Percentage of Total Revenue Dollar-Pegged Revenue Focus 90% 34% Swvl continues to focus on dollar-pegged revenue across the Gulf Cooperation Council (“GCC”), with plans to expand into the UK and U.S. to ensure long-term sustainability
Slide 11: Accelerating Growth in Recurring Revenue
Accelerating Growth in Recurring Revenue Recurring vs. Transactional Revenue Recurring Revenue as a % of Total Revenue in H1’24 vs. H1’25 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. 15% 85% This i
Slide 12: Operating Expenses as a Percentage of Revenue
Operating Expenses as a Percentage of Revenue Operating Leverage Egypt KSA* 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 g
Slide 13: Improvement in Working Capital Efficiency
Improvement in Working Capital Efficiency Path to Free Cash Flow Net Cash Flows used in Operating Activities in $Mn Swvl has made significant strides in improving its working H1’24 H1’25 capital efficiency over the past two years. In FY22, net cash flows used in operating activities were at a high o
Slide 14: Financial Results H1 2025
SW Financial Results H1 2025
Slide 15: P&L Condensed Interim Consolidated Statement of Income
P&L Condensed Interim Consolidated H1 2025 H1 2024 % Change Statement of Income 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 26% Gross margin % 22% 22% General & administrative expenses* (2,898,277) (5,451,740) Selli
Slide 16: Breakdown of General & Administrative Expenses
Breakdown of General & Administrative Expenses General & Administrative H1 2025 H1 2024 % Change Expenses 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
Balance Sheet Condensed Interim Consolidated June 2025 December 2024 Statement of Financial Position 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
Slide 18: Market Performance
SW 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 Revenue high-margin, high-margin contracts, Gross Margin % and this focus has yielded 80% 2.58 outstanding results. In H1 2025, KSA’s gross m
Slide 20: Egypt
Egypt Non-IFRS Measure Egypt delivered strong in $Mn in constant currency in $Mn operational growth in H1’25, with revenue increasing 29% Revenue Revenue Gross Margin Gross Margin in H1’25 over H1’24, and total gross margin increasing by 8.56 18% in H1’25 over H1’24, in 2% 29% local currency. 6.75 6
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 Revenue $0.86M in revenue. Revenue grew 79% QoQ from Q1 to Q2, Gross Margin 0.55 while gross margin expanded 198%, reflecting both accelerating t
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 Revenue USD FX In Constant In constant changes in foreign currency. from H1 2025 USD Currency FX* currency The table represents our
Slide 23: Appendix B: Definitions
Appendix B Definitions Term Definition Represents revenue generated in currencies which are pegged to the US Dollar (i.e, currently, all revenues excluding EGP). Dollar Pegged Revenue Dollar-Pegged Revenue Represents period over period growth in the percentage of Dollar-Pegged Revenue compared to to
Slide 24: SWVL
SWVL