Swvl reports 59% revenue rise to $16.2M in H1 2026

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Go back to Swvl reports 59% revenue rise to $16.2M in H1 2026

Swvl Announces H1 2026 Results; Revenue Up 59% to $16.2 Million; GCC Revenue Up 107%; Dollar-Pegged Revenue Up to 44% of Revenue; Net Dollar Retention of 123%

October 8, 2026 7:30 AM EDT

Revenue grew 59% year-over-year to $16.2 million; GCC revenue more than doubled (+107%)

Gross profit grew 35% year-over-year to $2.9 million

Operating margin improved to (3.5%) from (4.1%) as operating expenses fell to 25% of revenue from 29%

Recurring revenue rose to 88% of total revenue; dollar-pegged revenue reached 44% of revenue (+107%)

Net Dollar Retention of 123%

Q2 2026 revenue of $7.99 million, up 51% year-over-year

Subsequent to period end, $14.5 million gross private placement signed in August 2026

DUBAI, United Arab Emirates, Oct. 08, 2026 (GLOBE... More