SWVL HOLDINGS CORP SEC Filings

Swvl Holdings Corp announced that it has regained compliance with key Nasdaq continued listing requirements. Nasdaq staff confirmed that Swvl now meets the Equity Standard, which requires minimum stockholders’ equity of $2.5 million, and the Net Income Standard, which requires net income from continuing operations of $500,000.

In its Annual Report on Form 20-F for the year ended December 31, 2025, Swvl reported stockholders’ equity of $2.9 million and net income of $1.3 million. Based on these results, Nasdaq staff determined the company has regained compliance with these standards and closed the matter.

Swvl Holdings Corp reported a strong FY 2025 turnaround, with revenue rising 41% to $24.2 million and net income reaching $1.3 million after a prior-year loss. Gross profit was $4.4 million, while operating loss narrowed sharply to $0.49 million, reflecting tight cost control.

Enterprise B2B revenue grew 56% to $20.3 million, now 84% of total revenue, and GCC revenue climbed 122% to $8.0 million as Egypt revenue rose 20% to $16.2 million. Recurring revenue represented 84% of total, dollar-pegged revenue 33%, and net dollar retention reached 128%, supported by a $38.2 million sales backlog. Swvl ended FY 2025 with positive equity of $2.9 million, cash of $4.4 million, and positive working capital.

Swvl Holdings Corp reported a strong FY 2025 turnaround, with revenue rising 41% to $24.2 million and net income reaching $1.3 million after a prior-year loss. Gross profit was $4.4 million, while operating loss narrowed sharply to $0.49 million, reflecting tight cost control.

Enterprise B2B revenue grew 56% to $20.3 million, now 84% of total revenue, and GCC revenue climbed 122% to $8.0 million as Egypt revenue rose 20% to $16.2 million. Recurring revenue represented 84% of total, dollar-pegged revenue 33%, and net dollar retention reached 128%, supported by a $38.2 million sales backlog. Swvl ended FY 2025 with positive equity of $2.9 million, cash of $4.4 million, and positive working capital.

Swvl Holdings Corp is a Dubai-headquartered, British Virgin Islands company providing technology-driven mass transit ridesharing, transport-as-a-service (TaaS) and software-as-a-service (SaaS) solutions across markets including Egypt, Saudi Arabia, the UAE, the UK and Kuwait.

For the year ended December 31, 2025, Swvl reported a profit of $1.47 million, compared with a loss of $9.61 million in 2024, while negative operating cash flow narrowed to $2.14 million from $3.29 million. Management emphasizes a shift toward funding growth from operations and working capital rather than equity issuance.

As of December 31, 2025, Swvl had 9,964,344 Class A Ordinary Shares outstanding and 697,333 warrants. The filing highlights extensive risk factors, including intense competition in ridesharing, execution challenges in international expansion, technology and cybersecurity risks, regulatory uncertainty in multiple jurisdictions and ongoing reliance on attracting drivers, riders and corporate customers.

Swvl Holdings Corp is a Dubai-headquartered, British Virgin Islands company providing technology-driven mass transit ridesharing, transport-as-a-service (TaaS) and software-as-a-service (SaaS) solutions across markets including Egypt, Saudi Arabia, the UAE, the UK and Kuwait.

For the year ended December 31, 2025, Swvl reported a profit of $1.47 million, compared with a loss of $9.61 million in 2024, while negative operating cash flow narrowed to $2.14 million from $3.29 million. Management emphasizes a shift toward funding growth from operations and working capital rather than equity issuance.

As of December 31, 2025, Swvl had 9,964,344 Class A Ordinary Shares outstanding and 697,333 warrants. The filing highlights extensive risk factors, including intense competition in ridesharing, execution challenges in international expansion, technology and cybersecurity risks, regulatory uncertainty in multiple jurisdictions and ongoing reliance on attracting drivers, riders and corporate customers.

Swvl Holdings Corp director Grace Victoria K. filed an initial Form 3 showing her beneficial ownership in the company. The filing lists warrants and ordinary shares held directly and through related entities Queens Gambit Holdings LLC and CATCH 22 Trust, without reporting any purchases or sales.

Swvl Holdings Corp director Grace Victoria K. filed an initial Form 3 showing her beneficial ownership in the company. The filing lists warrants and ordinary shares held directly and through related entities Queens Gambit Holdings LLC and CATCH 22 Trust, without reporting any purchases or sales.

Swvl Holdings Corp director Dany Farha has filed an initial statement of beneficial ownership. The filing reports indirect ownership of 715,723 Ordinary Shares held of record by Memphis Equity Ltd, a special purpose vehicle on whose board Farha serves.

Of these 715,723 shares, 552,586 are attributable to BECO Booster Fund II, where Farha serves as a general partner, and 163,137 shares are attributable to other investors in Memphis. The filing reflects existing indirect holdings rather than a new share purchase or sale.

Swvl Holdings Corp director Dany Farha has filed an initial statement of beneficial ownership. The filing reports indirect ownership of 715,723 Ordinary Shares held of record by Memphis Equity Ltd, a special purpose vehicle on whose board Farha serves.

Of these 715,723 shares, 552,586 are attributable to BECO Booster Fund II, where Farha serves as a general partner, and 163,137 shares are attributable to other investors in Memphis. The filing reflects existing indirect holdings rather than a new share purchase or sale.

Swvl Holdings Corp has changed its independent auditor. The Audit Committee approved the engagement of Bansal & Co LLP and dismissed Grant Thornton Audit and Accounting Limited (Dubai Branch) as of January 29, 2026.

Grant Thornton’s reports for the years ended December 31, 2024 and 2023 contained explanatory paragraphs highlighting substantial doubt about the Company’s ability to continue as a going concern, but did not include adverse or qualified opinions. The filing states there were no disagreements with Grant Thornton on accounting, disclosure, or audit scope, and no reportable events other than previously disclosed material weaknesses in internal control over financial reporting. The Company also confirms it did not consult Bansal on accounting or auditing issues before the appointment.

Swvl Holdings Corp has changed its independent auditor. The Audit Committee approved the engagement of Bansal & Co LLP and dismissed Grant Thornton Audit and Accounting Limited (Dubai Branch) as of January 29, 2026.

Grant Thornton’s reports for the years ended December 31, 2024 and 2023 contained explanatory paragraphs highlighting substantial doubt about the Company’s ability to continue as a going concern, but did not include adverse or qualified opinions. The filing states there were no disagreements with Grant Thornton on accounting, disclosure, or audit scope, and no reportable events other than previously disclosed material weaknesses in internal control over financial reporting. The Company also confirms it did not consult Bansal on accounting or auditing issues before the appointment.

Swvl Holdings Corp reported that it has signed a new three-year healthcare mobility contract in Saudi Arabia valued at up to $1.5 million. The agreement covers transportation for patients, medical staff, and equipment using Swvl’s technology platform for dynamic routing, real-time dispatching, and operational optimization.

The company highlights healthcare as a key growth focus across Gulf Cooperation Council markets and notes that this win follows earlier multi-year enterprise contracts of up to $2.2 million in Kuwait and up to $5.5 million in the United Arab Emirates, supporting its regional expansion strategy.

Swvl Holdings Corp reported that it has signed a new three-year healthcare mobility contract in Saudi Arabia valued at up to $1.5 million. The agreement covers transportation for patients, medical staff, and equipment using Swvl’s technology platform for dynamic routing, real-time dispatching, and operational optimization.

The company highlights healthcare as a key growth focus across Gulf Cooperation Council markets and notes that this win follows earlier multi-year enterprise contracts of up to $2.2 million in Kuwait and up to $5.5 million in the United Arab Emirates, supporting its regional expansion strategy.

Swvl Holdings Corp has signed a new five-year contract in the United Arab Emirates valued at up to $5.5 million, expanding its presence in one of its fastest-growing and high-value markets. The company reports approximately 5x growth in the UAE between January and December 2025, supported by its focus on enterprise customers and multi-site deployments.

The new agreement aligns with Swvl’s strategy of targeting long-term, high-value enterprise contracts that use its full technology and operations stack for optimized routing, better fleet utilization, and real-time performance visibility. Swvl highlights strong demand from sectors such as logistics, manufacturing, education, and large corporate campuses across the GCC region.

Swvl Holdings Corp has signed a new five-year contract in the United Arab Emirates valued at up to $5.5 million, expanding its presence in one of its fastest-growing and high-value markets. The company reports approximately 5x growth in the UAE between January and December 2025, supported by its focus on enterprise customers and multi-site deployments.

The new agreement aligns with Swvl’s strategy of targeting long-term, high-value enterprise contracts that use its full technology and operations stack for optimized routing, better fleet utilization, and real-time performance visibility. Swvl highlights strong demand from sectors such as logistics, manufacturing, education, and large corporate campuses across the GCC region.

Swvl Holdings Corp has launched operations in Kuwait as part of its Gulf Cooperation Council expansion, anchored by a $2.2 million multi-year enterprise mobility contract. The company will deploy its full technology-enabled transportation platform to serve large organizations across multiple sites and shifts, aiming to enhance workforce transportation efficiency, reliability, and cost predictability.

The move extends Swvl’s regional footprint beyond existing markets such as the UK, UAE, Saudi Arabia, and Egypt, and aligns with its strategy to focus on high-margin, contract-based enterprise customers and long-term collaborations. Management highlights the Kuwait contract as evidence of growing demand from enterprises for end-to-end, data-driven transport solutions with real-time visibility and performance optimization.