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Safaricom posts record KSh 99.7 billion profit as revenue tops KSh 414 billion.
Safaricom has reported a record group net profit of KSh 99.7 billion for the year ended March 2026, up 67.3%, as service revenue climbed 11.1% to KSh 414.1 billion. Kenyan operations contributed the lion's share at KSh 400.9 billion, while the newer Ethiopian business grew revenue 58.3% to KSh 14.1 billion.
The Ethiopia unit still ran a net loss of KSh 21.2 billion, though the deficit narrowed and the operation received an additional $134 million in financing to fund its expansion. Group EBIT came in at KSh 153.9 billion. Chief executive Peter Ndegwa hailed the results, and the board declared a total dividend of KSh 80.13 billion – up 66.7% – rewarding shareholders including the many ordinary Kenyans who hold the stock through pension funds.
As Kenya's largest company and the operator of M-Pesa, Safaricom's numbers are a barometer for the broader economy and for the digital-payments ecosystem that now underpins everyday commerce – from Toi Market traders to boda-boda riders. The record profit lands amid public debate over the cost of data and airtime.
This story was put together by K N N from material first published by People Daily.
That was a Kibra News Network report, read by an A I voice.
Safaricom has reported a record group net profit of KSh 99.7 billion for the year ended March 2026, up 67.3%, as service revenue climbed 11.1% to KSh 414.1 billion. Kenyan operations contributed the lion’s share at KSh 400.9 billion, while the newer Ethiopian business grew revenue 58.3% to KSh 14.1 billion.
The Ethiopia unit still ran a net loss of KSh 21.2 billion, though the deficit narrowed and the operation received an additional $134 million in financing to fund its expansion. Group EBIT came in at KSh 153.9 billion. Chief executive Peter Ndegwa hailed the results, and the board declared a total dividend of KSh 80.13 billion — up 66.7% — rewarding shareholders including the many ordinary Kenyans who hold the stock through pension funds.
As Kenya’s largest company and the operator of M-Pesa, Safaricom’s numbers are a barometer for the broader economy and for the digital-payments ecosystem that now underpins everyday commerce — from Toi Market traders to boda-boda riders. The record profit lands amid public debate over the cost of data and airtime.
KNN Newsroom is the staff byline for stories written, rewritten and edited at the Kibra News Network desk. Where a story credits an outside outlet, the original source is linked at the foot of the piece.
