Discover the latest news and updates from Swvl. Gain insights into our recent partnerships, market expansions, and key developments driving the company’s growth and evolution.
SWVL (NASDAQ: SWVL) grew H1 2026 revenue 59% year-over-year to $16.2 million, led by 107% growth in the GCC ($7.1M) and 35% growth in Egypt ($9.1M). Recurring revenue reached 88% of total, dollar-pegged revenue rose to 44%, net dollar retention stood at 123%, and operating expenses fell to 25% of revenue from 29%.
Swvl (NASDAQ: SWVL) launched a 24/7 shuttle service across seven hotels in Madinah, Kingdom of Saudi Arabia, connecting guests to Al-Masjid an-Nabawi and the city's most visited sites, marking the Company's entry into the pilgrimage transport segment and deepening its presence in the KSA, one of its most strategic growth markets.
SWVL (NASDAQ: SWVL) signed a new contract with Bank Albilad, one of Saudi Arabia’s leading banks, extending its enterprise mobility platform into the Kingdom’s banking sector. The contract adds to a series of multi-year GCC contract wins across Kuwait, the UAE and Saudi Arabia.
SWVL (NASDAQ: SWVL) entered into a definitive agreement with Sofico Holdings Limited to purchase $1.5 million of ordinary shares at $1.46 per share, upsizing the Company's strategic investment round — together with the placement announced August 25, 2026 — to approximately $14.5 million.
SWVL (NASDAQ: SWVL) entered into a definitive agreement for a $13 million strategic investment priced at-the-market under Nasdaq rules, led by Coefficient LP and backed by the Sawiris family, to anchor its next phase of growth and U.S. expansion.
SWVL (NASDAQ: SWVL) signed a new contract with Bank Albilad, one of Saudi Arabia’s leading banks, extending its enterprise mobility platform into the Kingdom’s banking sector. The contract adds to a series of multi-year GCC contract wins across Kuwait, the UAE and Saudi Arabia.
Swvl (NASDAQ: SWVL) grew Q1 2026 revenue 68% year-over-year to $8.2 million, led by 111% growth in the GCC ($3.6M) and 45% growth in Egypt ($4.6M). The operating loss narrowed 71% to near breakeven as operating expenses fell to 25% of revenue from 34%.
SWVL (NASDAQ: SWVL) regained compliance with Nasdaq's continued listing requirements, meeting the minimum stockholders' equity and net income thresholds based on its FY 2025 results, resolving the Company's prior compliance issues and securing its continued listing.
SWVL (NASDAQ: SWVL) delivered a financial turnaround in FY 2025, with revenue up 41% to $24.2 million and net income of $1.3 million, driven by enterprise growth and cost discipline. Operating losses narrowed 94%, recurring revenue reached 84%, and the Company enters 2026 with a $38.2 million backlog.
SWVL (NASDAQ: SWVL) secured a new three-year healthcare mobility contract in Saudi Arabia worth up to $1.5 million, marking a key step in its GCC expansion and enhancing how patients, medical staff and equipment move through its technology platform.
