Safaricom PLC has reported a 52.1 percent increase in group net income to KSh 42.8 billion for the six months ending September 30, 2025, highlighting strong performance across both its Kenya and Ethiopia operations.
The telco attributed the impressive growth to sustained momentum in mobile data, M-Pesa, and the rapid expansion of Safaricom Ethiopia, which continues to post solid subscriber and revenue gains less than two years after its commercial launch.
Safaricom Group CEO Peter Ndegwa said the results reflect the company’s resilience, strategic investments, and commitment to delivering value to customers and shareholders despite a challenging economic environment.
Our growth in both Kenya and Ethiopia demonstrates the strength of our regional strategy and our ability to adapt to market needs while driving digital and financial inclusion
Peter NdegwaAccording to the financial report, group service revenue grew by double digits, driven largely by increased usage in mobile money, data services, and voice. M-Pesa remained a key revenue pillar, supported by new digital solutions and cross-border payment capabilities between Kenya and Ethiopia.
Safaricom Ethiopia, which launched in 2022, recorded steady progress with a rising customer base, expanded network coverage, and growing M-Pesa adoption following its approval by the Ethiopian government in 2023.
The telco also emphasized continued investment in network infrastructure, customer experience, and digital innovation, noting that these efforts will sustain growth across its regional footprint.
We remain focused on building a digitally connected Africa where everyone can access opportunities through technology
Peter NdegwaSafaricom’s performance reinforces its position as one of East Africa’s most profitable and influential companies, setting a strong outlook for the remainder of the financial year.
