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%
Swvl reported H1 2026 revenue of $16.2 million, up 59% year over year, with GCC revenue up 107%. Gross profit rose 35% to $2.9 million, operating margin improved to (3.5%), recurring revenue reached 88%, and net dollar retention was 123%.
Why it matters — The results show higher revenue and gross profit alongside improved operating margin, while dollar-pegged revenue reached 44% of total revenue.