SAFARICOM REPORTS 54.5% SURGE IN FIRST HALF EARNINGS , DRIVEN BY STRONG GROWTH IN KENYA AND ETHIOPIA
Kenyan telecom giant Safaricom Plc has reported a remarkable 54.5% increase in its first-half profit for the financial year 2025/2026, signaling robust growth and resilience in its core and expansion markets.
According to the company’s financial briefing, the net earnings surged to approximately KSh 42.8 billion, up from KSh 28.1 billion the previous year.
This impressive growth was buoyed by reduced losses in Ethiopia, where revenues climbed substantially, alongside strong performance in the Kenyan market.
In Kenya, Safaricom’s revenue expanded by 9.3%, reaching around KSh 194 billion, while its subsidiary in Ethiopia experienced a staggering 136% jump in revenue to about KSh 6.2 billion.
The Kenyan operations net profit rose by 22.6%, contributing significantly to the group’s positive results.
The telecom leader’s growth has been partly propelled by increased data usage and the continued expansion of its M-Pesa financial services platform, cementing its influence in digital financial inclusion.
Safaricom’s CEO, Peter Ndegwa, emphasized the company’s strategic focus on fintech innovations and 5G network expansion as key drivers for sustainable growth.
The company’s strong half-year results underscore its market leadership not only in Kenya but also in the wider East African region, positioning it well for continued performance amid dynamic industry challenges.
This financial performance marks a significant milestone for Safaricom, reflecting investor confidence and the effectiveness of its growth strategy despite economic and sectoral headwinds.
The company’s ability to capitalize on new technological trends and regional expansion opportunities continues to strengthen its footing as a dominant player in telecommunications and fintech services