Swvl has officially met Nasdaq’s financial requirements again, achieving the minimum equity and net income thresholds based on its FY 2025 results.
This resolves prior compliance issues and secures the company’s continued listing, signaling improved financial stability.
Swvl delivered a strong turnaround in FY 2025, with revenue up 41% to $24.2M and net income reaching $1.3M, driven by enterprise growth and cost discipline.
The company significantly improved profitability and efficiency, with operating losses down 94%, recurring revenue at 84%, and a solid $38.2M backlog heading into 2026.
Swvl secured a 3-year healthcare mobility contract in Saudi Arabia valued at up to $1.5M, marking a key step in our GCC expansion.
Through our technology platform, we’re enhancing how patients, medical staff, and equipment move—delivering smarter, more reliable transportation for critical operations.
The agreement supports the company’s strategy to expand long-term enterprise partnerships and deliver technology-driven mobility solutions across large-scale operations.
Swvl announced the launch of its operations in Kuwait, secured by a $2.2 million multi-year enterprise contract, marking a key step in its GCC expansion strategy. The move strengthens Swvl’s focus on high-margin, long-term corporate mobility partnerships across the region.
Swvl continues to transform employee transportation with smarter and more sustainable mobility solutions.
The partnership demonstrates the impact of innovative transit in improving daily commuting across Saudi Arabia.
Swvl received a Nasdaq notice for not meeting the minimum market value requirement for publicly held shares. The company has 180 days to regain compliance while its shares continue trading on Nasdaq.
Swvl continued scaling its enterprise mobility platform while improving revenue quality and market expansion.
Expansion across core markets continues to reinforce the company’s long-term growth trajectory.
