Sh42.8 Billion in Six Months: Safaricom’s Profit Soars by 52%

The Safaricom Half-Year Profit has increased by 52 percent to Sh42.8 billion, and the Ethiopian Business stabilizes.

The financial performance of Safaricom Plc has been above average, with the group’s net income increasing by 52.1 per cent to Sh42.8 billion for the half-year ending on September 30, 2025.

The extraordinary performance was motivated by a solid expansion of its Kenyan business and a significant decline in the losses of its Ethiopian business, which indicated increased stability of the company in its regional expansion.

The financial report of the company indicated that service revenue increased by 11.1 per cent to Sh199.9 billion, and this indicated further growth in the major business segments.

Earnings before interest and tax (EBIT) increased by 54.5 per cent to Sh65.2 billion, as the company displayed better efficiency in its operations and continued customer demand for digital and mobile financial services.

The Kenyan business of Safaricom, which has been the main source of the group’s profitability, reported a growth of 22.6 per cent in net income to Sh58.2 billion.

The growth in the service revenues to Sh194 billion was supported of this performance. EBIT of the Kenyan unit, based on the constant growth of mobile data usage, M-Pesa transactions, and fixed connectivity services, increased to Sh89.5 billion, or 13.1 per cent.

The mobile money services also continued to be a significant driver of growth with M-Pesa revenue increasing 14 per cent to Sh88.1 billion.

The further growth of the platform indicates that Safaricom has succeeded in penetrating financial inclusion and pushing cashless transactions to Kenya.

Fixed service and Internet of Things (IoT) revenue also expanded to 9.5 per cent to Sh9.8 billion due to more companies and households adopting its offerings that will provide good connectivity solutions at their locations.

In Ethiopia, where Safaricom has rolled out its services in the end of 2022, the company claimed positive improvements. The losses reduced by 20.1 per cent to Sh15.5 billion, a sign of operations being improved and penetrating the market more despite the existing problems of pricing regulations and currency reforms.

Safaricom, as Safaricom Telecommunications Ethiopia, is still expanding its telecommunication network and customers in one of the most rapidly growing telecommunication markets in Africa.

Group Chief Executive Officer Peter Ndegwa said that the results were a good beginning of the cycle of the Vision 2030 strategy at Safaricom. He said that this is a good body of outcomes and a good beginning to our Vision 2030 plan, keeping us on track of FY26.

We are still committed to implementing our strategy in segment-led execution and integrated solutions. Ndegwa stressed out that the fact that Safaricom is in the dual market in Kenya and Ethiopia shows that the company can scale in a sustainable way in dealing with various regulatory and economic conditions. He once again explained that the regional growth strategy of the firm focuses on providing financial and social value.

Other than financial performance, Safaricom also re-skilled its social impact and community development initiative.

The company recently announced the Citizens of the Future programme, which aims to upgrade the infrastructure of 500 schools, offering 10,000 scholarships, and benefitting over 56,000 learners by training them on digital literacy within the next five years.

According to Ndegwa, it is 25 years of life-changing by being innovative and empowering communities. Its innovation and regional diversification, coupled with its emphasis on the community effects, makes the company a primary agent of economic change in Kenya and Ethiopia.