Safaricom Reports Strong Half-Year Growth Driven By M-Pesa Revenues
Business Updated: 06 November 2025 12:59 EAT
Safaricom Kenya CEO Dr Peter Ndegwa
Safaricom Plc has posted strong financial results for the first half of the 2025/26 financial year, buoyed by growth in its mobile money platform M-Pesa and a steady rise in customer numbers. The telecommunications giant reported significant gains in service revenue and operating profit despite economic challenges and ongoing expansion costs in Ethiopia.
According to company disclosures, Safaricom’s total service revenue rose to Sh199.9 billion for the six months ending September 2025, up from Sh179.9 billion a year earlier. M-Pesa revenue grew to Sh88.1 billion from Sh77.2 billion, reflecting increased transaction volumes and wider usage of digital financial services across Kenya.
The company’s operating profit surged by 55 percent to Sh65.2 billion, driven by higher data usage, efficiency improvements, and a recovery in consumer spending. Safaricom also reported that losses from its Ethiopian subsidiary had narrowed, contributing positively to the group’s overall performance and long-term outlook.
While some reports estimated the company’s net income at around Sh58 billion, this figure has not been independently verified by official filings. Nonetheless, the results underscore Safaricom’s strong financial position and its ability to maintain growth in both mature and emerging markets.
Chief Executive Peter Ndegwa said the firm remains focused on expanding digital and mobile financial services, enhancing network quality, and deepening financial inclusion. He added that investments in innovation and regional growth will continue to drive value for shareholders and strengthen Safaricom’s leadership in the East African telecommunications sector.
Tags: Safaricom Safaricom 5G Safaricom Plc Peter Ndegwa Safaricom Foundation Signsmedia Signstvkenya Editor's Pick Signs Media Kenya Limited
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FELIX MAKONA
FACT FINDER AND DATA DRIVEN JOURNALIST. DATA MINING AT IT'S BEST. GET FACTS RANGING FROM MATTERS DISABILITY AND INCLUSION, POLITICS, ECONOMY, SPORTS AND GENERAL NEWS AROUND THE WORLD