NASDAQ : SWVL
Swvl Holdings Corp. — Financial statements
Industrials · Railroads · United Arab Emirates
Last price 4.11 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 40.95M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Swvl Holdings Corp. (SWVL) reported revenue of 30.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 30.20M | 24.17M | 17.21M | 22.85M | 43.00M | 25.56M |
| Cost of Revenue | 25.08M | 19.81M | 13.57M | 18.74M | 42.82M | 31.35M |
| Gross Profit | 5.12M | 4.36M | 3.64M | 4.11M | 179.83K | -5.79M |
| Selling, General & Admin | 8.38M | 7.24M | 11.25M | 9.88M | 80.16M | 81.22M |
| Other Operating Expenses | -3.45M | -2.98M | 389.00K | -68.93K | -353.59K | 807.00 |
| Operating Expenses | 5.76M | 4.85M | 12.40M | 11.72M | 44.11M | 82.32M |
| Operating Income | -644.73K | -490.87K | -8.76M | -7.61M | -43.93M | -88.11M |
| Interest Expense | -254.42K | -182.74K | -40.98K | -61.44K | -653.61K | -1.49M |
| Interest & Investment Income | 120.34K | 190.21K | 74.36K | 59.81K | 198.43K | 126.45K |
| Other Non Operating Income (Expenses) | 1.30M | 1.95M | -2.43M | 1.94M | 63.24M | -44.33M |
| EBT Excluding Unusual Items | 516.94K | 1.47M | -11.15M | -5.67M | 18.86M | -133.81M |
| Gain (Loss) on Sale of Investments | -10.00M | |||||
| Asset Writedown | -46.38M | |||||
| Other Unusual Items | 86.91K | 18.77M | -64.21M | |||
| Pretax Income | 516.94K | 1.47M | -11.07M | 13.09M | -101.73M | -133.81M |
| Income Tax Expense | 155.07K | 155.07K | -41.30K | -3.23M | -4.72M | |
| Earnings From Continuing Operations | 361.87K | 1.31M | -11.07M | 13.13M | -98.51M | -129.09M |
| Earnings From Discontinued Operations | -1.53K | -1.53K | 795.37K | -10.08M | -25.07M | -12.40M |
| Net Income to Company | 360.34K | 1.31M | -10.27M | 3.06M | -123.58M | -141.49M |
| Minority Interest in Earnings | -69.04K | 7.08M | 73.27K | |||
| Net Income | 360.34K | 1.31M | -10.34M | 3.06M | -116.50M | -141.42M |
| Net Income to Common | 360.34K | 1.31M | -10.34M | 3.06M | -116.50M | -141.42M |
| Shares Outstanding (Basic) | 10.67M | 10.67M | 8.66M | 6.79M | 6.79M | 6.79M |
| Shares Outstanding (Diluted) | 10.67M | 10.78M | 8.66M | 11.03M | 6.79M | 6.79M |
| EPS (Basic) | 0.03 | 0.12 | -1.19 | 0.45 | -17.17 | -20.84 |
| EPS (Diluted) | 0.03 | 0.12 | -1.19 | 0.28 | -17.17 | -20.84 |
| Free Cash Flow | -3.93M | -2.15M | -3.57M | -9.12M | -118.49M | -62.45M |
| Free Cash Flow Per Share | -0.37 | -0.20 | -0.41 | -0.83 | -17.46 | -9.20 |
| Gross Margin | 16.94% | 18.04% | 21.15% | 17.99% | 0.42% | -22.63% |
| Operating Margin | -2.14% | -2.03% | -50.89% | -33.30% | -102.16% | -344.66% |
| Profit Margin | 1.19% | 5.43% | -60.08% | 13.38% | -270.94% | -553.19% |
| Free Cash Flow Margin | -13.01% | -8.89% | -20.72% | -39.92% | -275.58% | -244.31% |
| EBITDA | -349.19K | -270.41K | -8.62M | -7.48M | -43.67M | -87.98M |
| EBITDA Margin | -1.16% | -1.12% | -50.12% | -32.72% | -101.56% | |
| D&A For EBITDA | 295.54K | 220.46K | 133.10K | 133.07K | 259.61K | 125.99K |
| EBIT | -644.73K | -490.87K | -8.76M | -7.61M | -43.93M | -88.11M |
| EBIT Margin | -2.14% | -2.03% | -50.89% | -33.30% | -102.16% | |
| Effective Tax Rate | 30.00% | 10.55% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.09M | 4.41M | 4.96M | 2.92M | 1.54M | 9.53M |
| Short-Term Investments | 10.00M | |||||
| Cash & Short-Term Investments | 2.09M | 4.41M | 4.96M | 2.92M | 1.54M | 19.53M |
| Accounts Receivable | 7.81M | 6.14M | 4.00M | 4.95M | 12.31M | 6.19M |
| Other Receivables | 39.09K | 116.10K | 4.95K | 948.02K | 3.15M | 415.75K |
| Receivables | 7.84M | 6.26M | 4.01M | 5.90M | 15.46M | 6.60M |
| Prepaid Expenses | 155.61K | 140.77K | 31.31K | 517.92K | 1.75M | 272.31K |
| Other Current Assets | 1.89M | 1.67M | 1.28M | 1.63M | 6.83M | 8.19M |
| Total Current Assets | 11.98M | 12.48M | 10.28M | 10.97M | 25.58M | 34.59M |
| Property, Plant & Equipment | 1.20M | 1.39M | 690.41K | 1.24M | 2.09M | 4.71M |
| Goodwill | 4.42M | |||||
| Other Intangible Assets | 939.05K | 684.44K | 106.26K | 225.78K | 10.53M | 988.41K |
| Long-Term Accounts Receivable | 553.03K | |||||
| Long-Term Deferred Tax Assets | 5.31M | 5.49M | 5.29M | 9.47M | 18.71M | 14.63M |
| Total Assets | 19.42M | 20.04M | 16.37M | 21.90M | 57.46M | 59.34M |
| Accounts Payable | 6.65M | 6.81M | 5.71M | 6.81M | 29.16M | 5.18M |
| Accrued Expenses | 484.85K | 514.93K | 2.96M | 494.96K | 1.56M | 9.01M |
| Short-Term Debt | 710.35K | 451.34K | 158.20K | 131.52K | 75.09M | |
| Current Portion of Long-Term Debt | 60.44K | |||||
| Current Portion of Leases | 278.65K | 479.24K | 606.88K | 640.70K | 751.01K | 1.20M |
| Current Income Taxes Payable | 1.92M | 1.64M | 836.12K | 627.07K | 1.03M | 678.97K |
| Current Unearned Revenue | 62.88K | 5.69K | 18.93K | |||
| Other Current Liabilities | 5.70M | 5.64M | 5.59M | 6.04M | 18.96M | 53.75M |
| Total Current Liabilities | 15.81M | 15.53M | 15.87M | 14.77M | 51.46M | 144.96M |
| Long-Term Debt | 337.55K | |||||
| Long-Term Leases | 896.34K | 1.00M | 440.18K | 1.02M | 1.59M | 2.96M |
| Pension & Post-Retirement Benefits | 180.28K | 145.68K | 45.96K | 267.75K | 815.41K | |
| Other Long-Term Liabilities | 223.99K | 417.67K | 700.01K | 190.38K | 1.51M | |
| Total Liabilities | 17.11M | 17.10M | 17.05M | 15.98M | 54.83M | 149.08M |
| Common Stock | 24.91K | 24.91K | 24.75K | 16.98K | 13.90K | 8.53K |
| Additional Paid-In Capital | 354.18M | 354.18M | 353.88M | 347.30M | 343.44M | 88.87M |
| Retained Earnings | -339.05M | -338.53M | -339.85M | -329.51M | -332.56M | -216.07M |
| Comprehensive Income & Other | -9.87M | -9.76M | -11.78M | -8.85M | -4.07M | 37.38M |
| Total Common Equity | 5.28M | 5.92M | 2.28M | 8.95M | 6.82M | -89.80M |
| Minority Interest | -2.97M | -2.97M | -2.97M | -3.04M | -4.19M | 66.38K |
| Shareholders' Equity | 2.31M | 2.95M | -687.95K | 5.91M | 2.63M | -89.74M |
| Total Liabilities & Equity | 19.42M | 20.04M | 16.37M | 21.90M | 57.46M | 59.34M |
| Total Debt | 1.89M | 1.93M | 1.21M | 1.79M | 2.34M | 79.65M |
| Net Cash (Debt) | 203.97K | 2.48M | 3.75M | 1.13M | -804.78K | -60.12M |
| Net Cash Per Share | 0.02 | 0.23 | 0.43 | 0.10 | -0.12 | -8.86 |
| Filing Date Shares Outstanding | 9.96M | 9.96M | 9.90M | 6.79M | 5.56M | 4.76M |
| Total Common Shares Outstanding | 9.96M | 9.96M | 9.90M | 6.79M | 5.56M | 4.76M |
| Working Capital | -3.83M | -3.05M | -5.59M | -3.80M | -25.88M | -110.37M |
| Book Value Per Share | 0.53 | 0.59 | 0.23 | 1.32 | 1.23 | -18.88 |
| Tangible Book Value | 4.34M | 5.23M | 2.18M | 8.73M | -3.71M | -95.21M |
| Tangible Book Value Per Share | 0.44 | 0.52 | 0.22 | 1.29 | -0.67 | -20.02 |
| Machinery | 407.06K | 453.42K | 979.05K | 1.42M | 771.93K | |
| Leasehold Improvements | 763.48K | 776.26K | 837.84K | 838.17K | 208.71K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 360.34K | 1.31M | -10.34M | 3.06M | -116.50M | -141.42M |
| Depreciation & Amortization | 575.50K | 445.55K | 230.30K | 261.05K | 579.77K | 537.36K |
| Other Amortization | 139.61M | |||||
| Loss (Gain) From Sale of Assets | 202.22K | |||||
| Asset Writedown & Restructuring Costs | 46.38M | |||||
| Loss (Gain) From Sale of Investments | 10.00M | |||||
| Stock-Based Compensation | 97.37K | 97.37K | 56.45K | 285.65K | -36.16M | 33.61M |
| Provision & Write-off of Bad Debts | 836.02K | 594.36K | 578.34K | 535.34K | 873.44K | 1.33M |
| Other Operating Activities | -2.22M | -1.40M | 1.49M | -10.76M | -124.24M | 54.04M |
| Change in Accounts Receivable | -2.93M | -2.84M | 2.13M | 3.92M | -11.49M | -4.83M |
| Change in Accounts Payable | -744.30K | -655.05K | 1.47M | -6.47M | -3.57M | 8.26M |
| Change in Income Taxes | 893.45K | 804.57K | 209.05K | 244.21K | 793.11K | -635.82K |
| Change in Other Net Operating Assets | -766.48K | -495.76K | 699.86K | 1.13M | -2.58M | -832.53K |
| Operating Cash Flow | -3.91M | -2.14M | -3.57M | -9.11M | -117.67M | -62.13M |
| Capital Expenditures | -21.12K | -10.49K | -17.24K | -817.59K | -319.47K | |
| Cash Acquisitions | -743.29K | -823.45K | ||||
| Divestitures | 8.40M | |||||
| Sale (Purchase) of Intangibles | -878.05K | -604.55K | -258.15K | -1.67M | -2.22K | |
| Investment in Securities | -5.00M | -10.00M | ||||
| Other Investing Activities | 982.96K | 982.96K | 583.37K | 668.24K | 138.41K | |
| Investing Cash Flow | 83.78K | 367.92K | 583.37K | 8.79M | -8.09M | -11.15M |
| Short-Term Debt Issued | 26.34M | 73.21M | ||||
| Total Debt Issued | 267.01K | 26.34M | 73.21M | |||
| Short-Term Debt Repaid | -195.27K | |||||
| Long-Term Debt Repaid | -697.12K | -411.16K | -445.57K | -985.60K | -482.39K | |
| Total Debt Repaid | -747.97K | -697.12K | -411.16K | -445.57K | -1.18M | -482.39K |
| Net Debt Issued (Repaid) | -480.96K | -697.12K | -411.16K | -445.57K | 25.16M | 72.72M |
| Issuance of Common Stock | 2.56M | 789.46K | 100.45M | |||
| Other Financing Activities | -88.56K | 1.91M | 1.89M | -543.43K | -2.65K | |
| Financing Cash Flow | -569.51K | 1.21M | 4.04M | 343.89K | 125.06M | 72.72M |
| Foreign Exchange Rate Adjustments | 1.60M | 10.57K | 979.60K | 196.23K | -6.13M | -259.62K |
| Net Cash Flow | -2.79M | -546.05K | 2.04M | 227.74K | -6.83M | -819.01K |
| Free Cash Flow | -3.93M | -2.15M | -3.57M | -9.12M | -118.49M | -62.45M |
| Free Cash Flow Margin | -13.01% | -8.89% | -20.72% | -39.92% | -275.58% | -244.31% |
| Free Cash Flow Per Share | -0.37 | -0.20 | -0.41 | -0.83 | -17.46 | -9.20 |
| Levered Free Cash Flow | -3.79M | -3.74M | -1.20M | -23.60M | 10.65M | 29.25M |
| Unlevered Free Cash Flow | -3.63M | -3.62M | -1.18M | -23.56M | 11.05M | 30.18M |
| Cash Interest Paid | 88.56K | 88.56K | 543.43K | 2.65K | ||
| Change in Working Capital | -3.55M | -3.19M | 4.51M | -1.18M | -16.85M | 1.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 40.26M | 18.93M | 68.42M | 11.35M | 18.78M | 10.67B |
| Enterprise Value | 40.05M | 11.91M | 65.52M | 10.06M | 1.66M | 10.68B |
| Last Close Price | 4.04 | 1.90 | 6.38 | 1.67 | 3.42 | 247.50 |
| PE Ratio | 119.59 | 14.42 | 3.71 | |||
| PS Ratio | 1.33 | 0.78 | 3.98 | 0.50 | 0.44 | 417.52 |
| PB Ratio | 7.62 | 6.43 | -99.46 | 1.92 | 7.14 | -118.94 |
| P/TBV Ratio | 9.27 | 3.62 | 31.44 | 1.30 | ||
| EV/Sales Ratio | 1.33 | 0.49 | 3.81 | 0.44 | 0.04 | 417.95 |
| Debt / Equity Ratio | 0.82 | 0.66 | -1.75 | 0.30 | 0.89 | -0.89 |
| Net Debt / Equity Ratio | -0.09 | -0.84 | 5.46 | -0.19 | 0.31 | -0.67 |
| Net Debt / EBITDA Ratio | 0.58 | 9.18 | 0.43 | 0.15 | -0.02 | -0.68 |
| Net Debt / FCF Ratio | 0.05 | 1.15 | 1.05 | 0.12 | -0.01 | -0.96 |
| Asset Turnover | 1.60 | 1.33 | 0.90 | 0.58 | 0.74 | 0.61 |
| Quick Ratio | 0.63 | 0.69 | 0.56 | 0.60 | 0.33 | 0.18 |
| Current Ratio | 0.76 | 0.80 | 0.65 | 0.74 | 0.50 | 0.24 |
| Return on Equity (ROE) | 23.98% | 116.44% | -423.39% | 307.41% | ||
| Return on Assets (ROA) | -2.14% | -1.69% | -28.61% | -11.99% | -47.01% | -130.97% |
| Return on Invested Capital (ROIC) | -21.42% | -91.24% | -331.45% | -185.16% | ||
| Return on Capital Employed (ROCE) | -17.90% | -10.90% | -1,757.80% | -106.80% | -732.10% | 102.90% |
| Earnings Yield | 0.84% | 6.93% | -15.11% | 26.93% | -620.44% | -1.32% |
| FCF Yield | -9.76% | -11.35% | -5.21% | -80.37% | -631.06% | -0.58% |
| Buyback Yield / Dilution | -18.32% | -24.54% | 21.49% | -62.50% | -103.22% |