Safaricom has announced a total revenue to KES 388.7 billion ($3 billion) for the financial year ended 31st March 2025, with net income also accelerating by 10.8% to hit KES 69.8 billion.
A 11.2% growth due to sustained innovation across the TechCo’s product portfolio, expansion into Ethiopia, and continued support to communities.
“We have delivered excellent group performance with double digit growth on both top and bottom line. This strong set of results reflect the dedication of our teams, the loyalty of our customers, and the strength of our strategy,” said Dr. Peter Ndegwa, Safaricom PLC CEO.
The group Earnings Before Interest and Taxes also reported an impressively growth at 29.5% to Kes104.1 billion, with Ethiopia contributing almost 10% to the group’s revenue. Safaricom Ethiopia has more than doubled the customer base to 8.8 million with over 3,141 sites in operation. A total of 2.4 million customers are actively using M-PESA services in Ethiopia, transacting over KES 20.6 billion over the year in review.
In Kenya, service revenue grew by 10.5% to KES 364.3 billion. M-PESA, which turned 18 last year, grew 15.2% YoY to KES 161.1 billion, contributing 44.2% of Kenya’s service revenue. Kenya’s connectivity business also grew by 6.5% to KES 185.2 billion, contributing 50.8% of service revenue. This was driven by mobile data revenue which grew by 15.2 % to KES 72.9 billion as a result of increased 4G uptake, while voice revenue bucked global trends to grow by 1.6% to KES 80.8 billion.
KEY HIGHLIGHTS – SAFARICOM PLC (INCLUDING ETHIOPIA)
Group Total Revenue 11.2% to KES 388.7 Bn.
Service Revenue 10.8% to 371.4 Bn.
Voice revenue 1.8% to KES 81.9 Bn
M-PESA revenue 15.1% to KES 161.1 Bn.
Mobile data revenue 16.5% to KES 78.5 Bn.
Net Income
Safaricom Group excluding Minority Interest +10.8% to KES 69.8 Bn
Safaricom Kenya, +12.7% to KES 95.5 Bn
Safaricom PLC Operating Free Cash Flow + 15.8% to KES 148.9 Bn.
 for the financial year ended 31st March 2025){kind=link}