Swvl reports Q1 revenue $4.91M

Achieved a 12.4% increase in International Financial Reporting Standards revenues in the first quarter of 2025 over the first quarter of 2024, fueled by targeted expansion in high-revenue markets and the scaling up of Swvl‘s (SWVL) commercial organization. Also achieved 47% increase in revenue growth in constant currency. Mostafa Kandil, CEO of Swvl, stated: “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. The ongoing scaling up of our commercial organization is already generating tangible results, positioning Swvl for faster growth in subsequent quarters.”