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Safaricom: results and expansion in Kenya and Ethiopia

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This dossier follows Safaricom’s financial results and the development of its telecommunications and payment services in Kenya and Ethiopia.

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Safaricom Centre in Nairobi, July 2014. Archive photograph; does not show the 2026 results presentation. Nairobi123, CC BY-SA 4.0.
Safaricom Centre in Nairobi, July 2014. Archive photograph; does not show the 2026 results presentation. Nairobi123, CC BY-SA 4.0. — Nairobi123 / Wikimedia Commons — CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/) ; 27 juillet 2014 ; sans modification.

Where things stand

On 5 November 2026, the group releases half-year results: profit attributable to shareholders rises to KES58.2 billion while its Ethiopian EBITDA loss narrows.

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Reported information

Safaricom reports KES58.2 billion half-year profit attributable to shareholders

Safaricom reported profit attributable to shareholders of KES58.2 billion on 5 November 2026 for the six months ended 30 September, up 35.9% year on year. Group service revenue reached KES226.1 billion, an increase of 13.1%.

Safaricom Centre in Nairobi, July 2014. Archive photograph; does not show the 2026 results presentation. Nairobi123, CC BY-SA 4.0.
Safaricom Centre in Nairobi, July 2014. Archive photograph; does not show the 2026 results presentation. Nairobi123, CC BY-SA 4.0. — Nairobi123 / Wikimedia Commons — CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/) ; 27 juillet 2014 ; sans modification.

M-Pesa revenue was KES100.1 billion, up 13.6%, according to the group’s results. It therefore crossed the KES100 billion threshold for a six-month period.

In Ethiopia, service revenue rose to KES10.6 billion and the EBITDA loss narrowed to KES434.4 million, a reduction of 96.5%. EBITDA measures earnings before interest, tax, depreciation and amortisation: the improvement does not mean the subsidiary is already generating a net profit.

Sources 4