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DUBAI - Swvl Holdings Corp (NASDAQ:SWVL) announced Wednesday that its Egypt operations have surpassed their previous peak revenue levels from 2022 in Egyptian-pound terms during August 2025, with U.S. dollar parity expected soon. The company, currently valued at $35.1 million in market capitalization, has maintained a strong balance sheet with more cash than debt, according to InvestingPro data.
The mass transit technology provider achieved this milestone less than two years after undergoing a period of restructuring, according to a company press release.
Swvl implemented a plan focused on restoring sustainable growth and profitability by optimizing cost structures, concentrating on core markets, and expanding higher-margin enterprise and government offerings.
"I view surpassing our prior peak revenue in Egypt as more than a marker of recovery; it reflects a company transformed," said Mostafa Kandil, Founder and CEO of Swvl.
The company’s CFO Ahmed Misbah noted that the revenue turnaround demonstrates Swvl’s ability to "deliver peak-level topline with a meaningfully better bottom line."
Swvl provides technology solutions for mass transit to enterprises and governments across multiple global markets. The company stated it remains focused on operational excellence, disciplined market selection, and customer-centric innovation as it continues its business operations.
The announcement comes as part of Swvl’s ongoing efforts to strengthen its financial position after its restructuring phase, with the company indicating it plans to apply similar strategies across its other core markets.
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