Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit

DUBAI, United Arab Emirates, April 30, 2024 (GLOBE NEWSWIRE)  Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a technology provider for enterprise and government mobility solutions with a global footprint, announces a significant achievement in its financial performance for the fiscal year 2023. The company has successfully delivered positive net profit and cash flow for the full year.

• • • • 8x Gross Profit growth year on year to $4.1 million.
      • Achieved cash flow positivity, with self-funded growth.
      • Profitable growth drove earnings per share from continuing operations to $0.61.
      • Strong balance sheet with no debt and more than doubled the positive equity value compared to 2022.