NAIROBI, Kenya, Nov 6 – Safaricom has reported a post-tax profit of Sh42.8 billion for the first half of 2025, a 52.1 percent increase from Sh28.1 billion in the first half of 2024.
The company said the results were driven by double-digit growth in data and M-Pesa revenues.
The group’s service revenue rose by 11.1 percent year-on-year to Sh199.9 billion, while earnings before interest and tax (EBIT) increased by 54.5 percent to Sh65.2 billion.
Net income also rose 52.1 percent to Sh42.8 billion.
“The results reflect a 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.”
Safaricom said its capital expenditure for the first half of the year reflects sustained investment in network expansion and growth.
Kenya’s CAPEX stood at Sh34.2 billion, an 11 percent increase, while Ethiopia’s CAPEX dropped 66 percent to Sh9.5 billion.
Safaricom Kenya service revenue rises 9.3 percent to Sh194 billion.
EBIT grew 13.1 percent to Sh89.5 billion, while net income increased 22.6 percent to Sh58.2 billion.
The growth was supported by expanding data usage, mobile money transactions, and enterprise services.
In Ethiopia, Safaricom continued to build momentum, with service revenue rising 136 percent to Sh6.2 billion.
EBIT improved 34.4 percent to a loss of Sh24.3 billion, while net income rose 20.1 percent to a loss of Sh15.5 billion.
The company said Ethiopia remains a key growth market as customer numbers and data usage continue to rise, supported by ongoing network rollout and expansion.
The telco maintains it remains confident about maintaining growth momentum across both markets, driven by increased adoption of digital and mobile financial services.
