In Q1 2026 filings, Swvl Holdings Corp reported a 40% revenue boost in FY 2025, propelled by a 56% jump in B2B corporate transportation contracts that now dominate its revenue mix. The company’s strategic focus on enterprise clients has enhanced recurring revenues and geographic penetration in the GCC, KSA, and UK markets. However, liquidity remains constrained with a low current ratio and ongoing material weaknesses in internal controls posing operational risks. Swvl is managing these challenges through asset divestitures and new audits, while maintaining strong customer retention metrics reflected in a net dollar retention (NDR) of 128%. Financially, Swvl has achieved positive net income for the first time since 2023, marking a pivotal profitability turnaround.