Safaricom records 52.1% jump in Group Net Income in Half-Year ended September 2025

Safaricom (NSE: SCOM) has announced a 52.1% growth in group net income to KSh 42.8 billion for the six months to 30^th September 2025, demonstrating resilience and growth across its Kenya and Ethiopia operations.

In its Kenya operations, the company recorded a 22.6% growth in Net income to KSh 58.2billion, a 9.3% jump in service revenue to KSh 194.0billion, and 13.1% growth in EBIT to KSh 89.5billion.

In Ethiopia, losses reduced by 20.1% year-on-year to KSh (15.5 billion), even as pricing and currency reform challenges persisted.

“This is a strong set of results, and a solid start to our Vision 2030 strategy cycle, maintaining our FY26 guidance. We remain focused on executing our strategy through segment-led execution and integrated solutions,” said Peter Ndegwa, Group CEO, Safaricom.

Safaricom’s half-year 2026 net profit jumps 52.1 percent to Sh42.8 billion

In addition to the strong set of results, the company continued to invest heavily in communities. Safaricom recently launched the Citizens of the Future program, an initiative set to benefit 500 schools with infrastructure upgrades, 10,000 scholarships, and over 56,000 beneficiaries of digital literacy over the next five years.

“It has been 25 years of transforming lives, through innovation and community empowerment, a journey powered by purpose and collaboration. We have transformed the lives of over 22 million Kenyans through the Safaricom and M-PESA Foundations.  We remain anchored in purpose, driving sustainable growth and positive change,” Ndegwa said.

Further, the company launched Safaricom Ethiopia Foundation in July this year, investing over ETB 650million in community projects under education, youth, and economic empowerment, a demonstration of the company’s commitment to purpose before profit.

KEY HIGHLIGHTS

1. SAFARICOM KENYA

• Service revenue, +9.3%YoY to KES 194billion
• Connectivity revenue (Mobile data, Voice, Messaging, Mobile Incoming & Other Service Revenue), +5.3% YoY to KES 96.2 billion

• M-PESA revenue, +14% YoY to KES 88.1 billion
• Fixed Service & IoT revenue, +9.5% to KES9.8 billion
• EBIT, +13.1% YoY to KES 89.5billion
• Net income, +22.6% YoY to KES 58.2billion
• CAPEX, +11% YoY to KES 34.2billion

2. SAFARICOM ETHIOPIA

• Service revenue, +136%YoY to KES 6.2 billion
• Voice revenue, +328.5% YoY to KES 1.4 billion
• MPESA revenue, -45.6% YoY 8.7million
• Mobile data revenue, +102.2%YoY to KES 4.1 billion
• Fixed service, +400.0% to KES 93 million
• EBIT, +34.4% YoY to KES (24.3billion)
• Net income, +20.1% YoY to KES (15.5billion)
• CAPEX, -66% YoY to KES 9.5billion
• Customers +83.7% to 11.1 million

3. SAFARICOM GROUP

• Service revenue, +11.1%YoY to KES199.9billion
• EBITDA, +34.9% Kshs101.3 billion
• EBIT, +54.5% YoY to KES65.2billion
• Net income, +52.1% YoY to KES42.8billion
• CAPEX, -25.6% to Ksh 43.7billion

4. IMPACT ON COMMUNITY – SAFARICOM KENYA

• 22million lives impacted over the last 25 year
• KES 43 billion investment in community projects in Education, Health, Economic Empowerment and Environmental Conservation & Livelihoods

5. SAFARICOM ETHIOPIA

• Launched Safaricom Ethiopia Foundation on 1^st July 2025
• Invested over ETB6500million towards community projects
• Donations to 76 schools, impacting 84,000 people
• 2,224 women and farmers benefitted from economic empowerment programs