Safaricom has reported a 10.8% rise in net profit to hit KES 69.8 billion for the financial year ended 31st March 2025.
During the period, the telco experienced a 11.2% growth in total revenue to KES 388.7 billion ($3 billion). In Kenya, service revenue grew by 10.5% to KES 364.3 billion. M-PESA 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.
The group Earnings Before Interest and Taxes also reported an impressively growth at 29.5% to Kes104.1 billion. Ethiopia contributed almost 10% to the group’s revenue, with management noting that the business has moved past the peak investment phase and expected to turn to profitability by financial year 2027.
On the subscriber numbers, 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.
The strong results were achieved through sustained innovation across the TechCo’s product portfolio, expansion into Ethiopia, and continued support to communities by investing more than KES 18 billion in Education, Health, Environment & Economic Empowerment initiatives over the last five years impacting over 13 million lives.
Dr. Peter Ndegwa, Safaricom PLC CEO, said, “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. This year’s results are more than a reflection of past performance; they are a foundation for our vision of becoming Africa’s leading purpose-led tech company by year 2030. We are entering a new phase of growth, and we will continue harnessing innovation for social good and shaping the future of Kenya, Ethiopia and beyond.”
Safaricom will pay out KES 48.08 billion in dividend to its shareholders for the year. This bring the final dividend to 65 cents per ordinary share to the interim dividend of 55 cents per ordinary share already paid out on or about March 2025.