Safaricom has reported a strong performance for the six months ended 30 September 2026, with Group net income rising 35.9% to Sh58.2 billion, as service revenue and earnings continued to grow across its Kenya and Ethiopia operations.
Group service revenue increased 13.1% to Sh226.1 billion, while EBITDA rose 27.5% to Sh129.2 billion, reflecting sustained growth and continued execution of the company’s strategy.
Safaricom Kenya delivered service revenue of Sh216 billion, up 11.3%, while earnings before interest and tax (EBIT) reached Sh101.8 billion, crossing the Sh100 billion mark for the first time in a six-month reporting period.
M-Pesa also crossed a significant milestone, with Group revenue growing 13.6% to Sh100.1 billion. During the period, 53% of all M-PESA transactions remained free or zero-rated, alongside approximately 81% of Lipa na M-Pesa and Pochi la Biashara merchant transactions and 63% of consumer transactions, supporting affordability and financial inclusion.
Read: Safaricom Supports 1.4 Million Jobs as Economic Impact Hits Sh1.24 Trillion
Safaricom Ethiopia continued its strong growth trajectory, with service revenue increasing 71.6% to Sh10.6 billion and three-month active customers reaching 15.4 million. Its EBITDA loss narrowed by 96.5% to Sh434.4 million, bringing the business significantly closer to its target of achieving EBITDA break-even by the end of the financial year.
Peter Ndegwa, Group CEO of Safaricom, said the company remains focused on its Vision 2030 ambition of becoming Africa’s leading purpose-led technology company, while Ethiopia’s sustained growth and commercial momentum continue to strengthen the Group’s outlook.
Beyond its financial performance, Safaricom said its growth continues to be anchored in its purpose of transforming lives. During HY27, more than 1.5 million lives were impacted through Safaricom and M-PESA Foundations’ education, health and economic empowerment programmes.
The company also continued its investment in youth development, with 60,000 young players participating in the fifth season of the Safaricom Chapa Dimba football tournament so far.
Read Also: Safaricom CEO Peter Ndegwa Outlines Next Phase of Technology, M-Pesa Growth
Adil Khawaja, Chairman of Safaricom PLC, said the results demonstrate the resilience of the business and the strength of its strategy, with growth remaining anchored in the company’s purpose of transforming lives.
The results position Safaricom for continued growth as it balances strong performance in Kenya, accelerating momentum in Ethiopia and investments aimed at expanding digital, financial and social impact across its markets.
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