Safaricom Half-Year Results Show Strong Growth And Renewed Community Focus

By Aoma Keziah,

Nairobi, Kenya – November 6, 2025

Safaricom has reported a 52.1 percent jump in group net income for the half year ended September 2025, reaching KSh 42.8 billion. The growth, the company said, reflects steady performance across its operations in Kenya and Ethiopia.

In the Kenyan market, Safaricom recorded a 22.6 percent increase in net income to KSh 58.2 billion. Service revenue grew by 9.3 percent to KSh 194 billion, while earnings before interest and tax rose by 13.1 percent to KSh 89.5 billion.

The company’s Ethiopian subsidiary also showed progress, with losses narrowing by 20.1 percent year-on-year to KSh 15.5 billion. Despite persistent challenges related to pricing and currency reforms, service revenue in Ethiopia more than doubled to KSh 6.2 billion, driven by strong growth in voice and data services.

Speaking during the results announcement, Safaricom CEO Peter Ndegwa described the outcome as a sign of strength at the start of the company’s Vision 2030 strategy.

“This is a solid set of results and a strong start to our new strategy cycle. We remain focused on delivering integrated solutions that meet the evolving needs of our customers,” he said.

Beyond its financial performance, Safaricom continued to invest in social impact programs both in Kenya and Ethiopia. In Kenya, the company rolled out the Citizens of the Future initiative, targeting 500 schools for infrastructure upgrades and providing 10,000 scholarships. The five-year program aims to reach more than 56,000 learners through digital literacy and other educational support.

“Safaricom has spent 25 years transforming lives through innovation and purpose-driven programs. Through the Safaricom and M-PESA Foundations, we have reached more than 22 million Kenyans and remain committed to creating shared value across communities,” the Safaricom CEO continued to say.

In July, the firm also launched the Safaricom Ethiopia Foundation, which has already invested over ETB 650 million in education, youth empowerment, and community development projects. So far, the foundation has supported 76 schools and reached more than 84,000 people.

“As we mark 25 years of Safaricom’s journey, the Board remains deeply aware of the pivotal role this organization plays in Kenya and across the region. I am proud of what we have accomplished together. To our stakeholders, thank you for your continued support throughout our 25-year journey,” remarked Adil Arshed Khawaja, Safaricom Board Chairman

Safaricom’s total capital expenditure for the half-year stood at KSh 43.7 billion, marking a 25.6 percent decline as major network investments in Ethiopia began to stabilize.

“Negative working capital in Kenya is mainly due to timing effects and will unwind in H2. In Ethiopia, negative working  capital movement reflect payment of capex commitments and lower level of  capex spend in H1. We expect cash flows to normalize in the second half  of the year,” underscored Safaricom’s Group  Chief  Finance Officer, Dilip Pal.

The results underline Safaricom’s dual focus on sustaining profitability and deepening its social impact footprint in the region — a balance the company says will define its next phase of growth.