Safaricom has announced a post-tax profit of Sh42.8 billion for the first half of 2025, marking a 52.1 percent jump from Sh28.1 billion recorded in the same period last year.
The company attributed the strong performance to robust double-digit growth in data and M-Pesa revenues, underscoring the telco’s continued dominance in Kenya’s digital and financial ecosystem.
Total service revenue rose 11.1 percent year-on-year to Sh199.9 billion, while earnings before interest and tax (EBIT) surged 54.5 percent to Sh65.2 billion. Net income mirrored this trend, climbing 52.1 percent to Sh42.8 billion.
“The results reflect disciplined execution of our strategy and a relentless focus on our customers,” said Safaricom CEO Peter Ndegwa. “We are confident in our path guided by key strategic pillars as envisioned in our strategy house.”
The company’s capital expenditure (CAPEX) for the first half reflected sustained investments in network expansion and growth. In Kenya, CAPEX rose 11 percent to Sh34.2 billion, while Ethiopia’s CAPEX declined 66 percent to Sh9.5 billion, reflecting a more optimized rollout phase.
Performance by Market
In Kenya, Safaricom’s service revenue grew 9.3 percent to Sh194 billion, supported by rising data usage, mobile money activity, and enterprise services. EBIT increased 13.1 percent to Sh89.5 billion, while net income rose 22.6 percent to Sh58.2 billion.
Meanwhile, in Ethiopia, the business continued to gain traction, with service revenue surging 136 percent to Sh6.2 billion. EBIT losses narrowed by 34.4 percent to Sh24.3 billion, and net income losses improved 20.1 percent to Sh15.5 billion.
Safaricom said Ethiopia remains a key growth frontier, buoyed by increasing customer numbers, rising data consumption, and the ongoing rollout of its mobile financial services platform.
Looking ahead, the company reaffirmed its confidence in sustaining growth across both markets, driven by expanding digital ecosystems, mobile financial inclusion, and continued innovation in connectivity and enterprise solutions.
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