Safaricom Plc full year profit after tax has increased by 7.3pc powered by strong revenue which grew to Ksh 388.7 billion from Ksh 349 billion reported last year.
The giant telco says in a year to March 2025, net profit grew to Ksh 45.8 billion from Ksh 42.7 billion supported by improved earnings across all its revenue streams.
“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 Peter Ndegwa, Safaricom PLC CEO.
Group service revenue grew by 10.8pc to 371.4 billion from 335.4 billion reported last year while M-pesa revenue grew by 15.1pc to Ksh 161.1 billion from Ksh 140 billion.
The firm also saw year-on-year voice revenue jump by 1.8pc to Ksh 81.9 billion from Ksh 80.5 billion while that of mobile data surged by 16.5pc to Ksh 78.5 billion from 67.4 billion.
Safaricom Kenya remains the largest revenue driver contributing 98pc or Ksh 381.2 billion of the company’s total revenue while Safaricom Ethiopia reported a revenue of Ksh 7.5 billion.
“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,” added Ndegwa noted.
Despite 12.7pc increase in net profit by Safaricom Kenya to Ksh 95.5 billion, the group’s losses in Ethiopia widened to Ksh 49.8 billion marking another challenging year for the subsidiary as operating costs increased to Ksh 36.2 billion.
The results now means Safaricom shareholders will pocket Ksh 48.08 billion in dividend with the addition of a final dividend of 65 cents per ordinary share to the interim dividend of 55 cents per ordinary share already paid out.
