Safaricom has posted Ksh 50.4 billion in net profit during the six months period ending September 2026. This represents a 72.5% increase on Ksh 29.2 billion registered during a similar period last year.
The profit was powered by M-Pesa, data and voice revenue that all grew.
Safaricom has not recommended any interim dividend pay out to shareholders.
Safaricom Ethiopia subsidiary narrowed its losses to Ksh 400 million firming up Safaricom CEO Peter Ndegwa’s projections that the subsidiary would break even by the end of the current financial year on 31stMarch 2027.
“Our performance reflects strong execution across our businesses, while Ethiopia’s sustained growth and commercial momentum brings us closer to our target of achieving EBITDA break-even by the end of this financial year,” said Ndegwa.
Ethiopia contributed 17% of the Group’s service revenue growth. Revenue from the Ethiopian subsidiary rose 71.6% to Ksh 10.6 billion driven by mobile data that contributed 74% after growing 90.2% to Ksh 7.85 billion.
Overall, Safaricom made Ksh 233.68 billion in total revenue, representing a 14.2% increase on the Ksh 204.71 billion recorded during a similar period a year ago.
M-PESA was the key growth engine, with revenue from its operations in Kenya rising 13.6% to 100.07 billion.
Ndegwa says about 50% of all M-PESA transactions currently are free of charge.
Mobile data rose 12.2% to Ksh 45.24 billion.