Achieves US$ 0.8mn in net profit in Q1-2025
Swvl Holdings Corp (Swvl), a global provider of transformative tech-enabled mass transit solutions, today announced its financial results for the first quarter of 2025, marking a pivotal combination of growth and profitability.
The Company reported a 12.4% QoQ increase in revenue, from US$ 4.37mn to US$ 4.91mn in Q1-2024, compared to Q1-2025. This is driven by strategic market expansions in high-revenue markets and new long-term contract wins.
Total gross margin generated rose by 17.7% QoQ, amounting to US$ 0.98mn in Q1-2025, reflecting Swvl’s continued execution on high-margin verticals and operational efficiencies.
Key Highlights:
Revenue Growth: Achieved a 12.4% increase in International Financial Reporting Standards (IFRS) revenues in the first quarter of 2025 over the first quarter of 2024.
Market Performance: The Company recorded record high revenue in Saudi Arabia, representing a 100% revenue increase and 97% gross margin increase QoQ.
High Margin Verticals: The company has launched new verticals which are expected to be of higher gross margin to the business, such as premium travel and financial services for suppliers.
“Our Q1-2025 results underscore Swvl’s renewed focus on profitable growth and strategic market positioning. By expanding into high-margin verticals and reinforcing our dollar-pegged revenue streams, we are effectively mitigating market volatility while enhancing shareholder value,” stated Mostafa Kandil, CEO, Swvl.
“With a stronger commercial organization and a focus on dollar-pegged and recurring revenue, we believe that we are well-positioned to sustain profitable growth throughout 2025,” remarked Ahmed Misbah, CFO, Swvl.
