Earnings ·
Swvl reports H1 2026 revenue of $16.2 million, up 59% year-over-year
SWVLSwvl Holdings Corp
Swvl Holdings Corp reported unaudited first-half 2026 results showing total revenue increased 59% to $16.2 million from $10.2 million in the prior year period. Gross profit expanded to $2.95 million, while the company incurred an operating loss of $0.57 million compared to a $0.42 million loss previously. Revenue growth was driven by a 107% increase in Gulf Cooperation Council (GCC) revenue and a 36% rise in Egypt operations, with dollar-pegged revenue reaching 44% of the total. The company also reported a net dollar retention rate of 123%. Swvl operates as a technology-driven mobility platform providing route optimization software and managed transportation services.