By Ken Muthomi - Reporter
Kenya, May 07, 2026 - Safaricom has posted a strong performance in the financial year 25/2026, with its net income rising by 67.3 percent to KSh99.7 billion.
According to the telco company’s Financial year 2025/2026 results, total revenue was Ksh414.1 billion, representing an 11.1 percent year-on-year increase.
EBITDA increased by 35.4 percent to KSh220.5 billion, while the Group EBIT also climbed by 58.5 percent to KSh153.9 billion.
Safaricom’s Kenya business remained the leading horse in revenue, posting a 10 percent increase in service revenue to Ksh400.9 billion.
Net income from Kenya grew by 24.7 percent to KSh119.1 billion. On the other hand, EBITDA rose by 13.7 percent to KSh233.9 billion, while EBIT also posted a 15.3 percent growth to KSh182.3 billion.
Meanwhile, the company’s operations in Ethiopia also continue to show signs of improvement. Service revenue surged by 58.3 percent to KSh14.1 billion.
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“Kenya has delivered an outstanding performance, and Ethiopia has made a valuable contribution, together making this one of our strongest results yet,” Safaricom CEO Peter Ndegwa said during the release of the results on Thursday.
The telco giant has also announced an increase in shareholder returns, proposing a total dividend payout of KSh2.00 per share for FY26, representing a 66.7 percent rise compared to the previous financial year.
The dividend consists of an interim payout of Ksh0.85 per share, totaling Ksh34.06 billion, and a final proposed dividend of Ksh1.15 per share worth Ksh46.08 billion.
For the past 25 years, Safaricom has maintained its dominance in the country’s telecommunication industry through its products, including mobile voice, data, mobile money, and enterprise solutions.
The company’s mobile money platform, M-Pesa, has remained a key driver of its growth in the country, cementing its position as one of Africa’s largest and most profitable companies.