Safaricom Plc has announced a significant rise in its half-year profit, posting a 52.1 per cent increase to Sh42.8 billion for the six months ending September 2025. The impressive growth was largely driven by the company’s expanding operations in Ethiopia and steady performance in its core Kenyan market.
The telco’s total service revenue hit Sh200 billion, marking a strong 9.3 per cent expansion from the previous period. The Kenyan subsidiary remained the major contributor, accounting for Sh194 billion of this figure. However, it was the Ethiopia venture that stood out, with revenue surging 136 per cent to reach Sh6.2 billion.
According to Safaricom CEO Peter Ndegwa, the results reflect the company’s resilience and strategic progress in diversifying its business portfolio across borders. “We are witnessing tremendous growth in Ethiopia as our network coverage and customer base expand rapidly. This performance reinforces our long-term vision of becoming a leading digital service provider in Africa,” he stated.
Safaricom’s investment in Ethiopia continues to pay off as the telco builds its presence in one of Africa’s most promising telecom markets. The reduction of losses from the Ethiopian unit has been a key factor in boosting the overall profitability of the group.
The company’s growth in Kenya was supported by continued demand for M-Pesa, data, and mobile services, which remain the backbone of its revenue streams. Ndegwa noted that the telco remains committed to innovation, customer-centric products, and strategic regional expansion.
With the latest results, Safaricom has reaffirmed its position as East Africa’s leading telecommunications firm, setting the stage for further regional influence and sustainable earnings growth in the coming years.
