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Safaricom Plc, East Africa’s biggest telecommunications operator, posted a 52.1% jump in group net income to KES 42.8 billion ($277 million) for the six months ended September 30, 2025, buoyed by stronger performance in Kenya and narrowing losses in Ethiopia.
Revenue rose 11.1% year-on-year to KES 199.9 billion, supported by solid growth in mobile data, M-PESA transactions, and fixed services. Group EBITDA climbed to KES 101.3 billion, while CAPEX reached KES 43.7 billion as the company continued expanding its regional infrastructure footprint.
“We remain focused on executing our strategy through segment-led execution and integrated solutions,” said Peter Ndegwa, Safaricom Group CEO. “It has been 25 years of transforming lives through innovation and community empowerment.”
Safaricom’s Kenyan unit delivered a 22.6% rise in net income to KES 58.2 billion, fueled by sustained demand for connectivity and digital financial services.
- Service revenue: KES 194.0 billion (+9.3%)
- EBIT: KES 89.5 billion (+13.1%)
- CAPEX: KES 34.2 billion
Revenue composition:
- Mobile & Voice Services: KES 96.2 billion
- M-PESA: KES 88.1 billion
- Fixed & IoT Services: KES 9.8 billion
In Ethiopia, operating losses declined 20.1% year-on-year to KES 15.5 billion, aided by rising customer adoption despite pricing and currency headwinds.
The unit generated KES 6.2 billion in service revenue, including KES 4.1 billion from data and KES 1.4 billion from voice, with M-PESA contributing KES 8.7 million. Subscriber numbers surged 83.7% to 11.1 million, signaling early traction in Africa’s second most populous market.
Safaricom’s focus on regional integration, fintech innovation, and connectivity expansion positions it to capture long-term growth across East Africa. The company’s performance in Ethiopia will remain key to sustaining its momentum and diversifying income streams beyond its mature Kenyan market.