NAIROBI: Safaricom PLC has reported a 52.1 percent growth in group net income to KSh42.8 billion for the half-year period ending September 30, 2025, driven by strong performance in Kenya and improved efficiencies in its Ethiopia operations.
In Kenya, the telco recorded a 22.6 percent increase in net income to KSh58.2 billion, alongside a 9.3 percent rise in service revenue to KSh194.0 billion. Earnings Before Interest and Tax (EBIT) also grew by 13.1 percent to KSh89.5 billion, reflecting continued growth across mobile data, M-PESA, and enterprise segments.
In Ethiopia, Safaricom said losses had narrowed by 20.1 percent year-on-year to KSh15.5 billion, even as the company continued to face pricing and currency reform challenges.
“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, Safaricom Group CEO.
Beyond financial performance, Safaricom announced an expansion of its community investment programs, unveiling initiatives that align with its “purpose before profit” philosophy.
The newly launched Citizens of the Future program will benefit over 500 schools across Kenya through infrastructure upgrades, 10,000 scholarships, and digital literacy programs reaching 56,000 beneficiaries over the next five years.
In July, Safaricom also launched the Safaricom Ethiopia Foundation, pledging more than ETB 650 million towards community projects in education, youth, and economic empowerment.
“It has been 25 years of transforming lives through innovation and community empowerment—a journey powered by purpose and collaboration. We remain anchored in purpose, driving sustainable growth and positive change,”
Ndegwa added.
With operations in both Kenya and Ethiopia, Safaricom continues to position itself as a regional digital and financial services leader under its Vision 2030 growth strategy.