Safaricom has delivered an impressive 11.2% increase in total revenue for the financial year ending March 31, 2025, reaching Sh388.7 billion ($3 billion). The company’s robust performance, driven by continued diversification and expansion into new markets, signals a successful transition from a telecommunications provider to a tech-driven company. This growth was not only fueled by its core business but also by significant investment in Ethiopia, which now contributes nearly 10% to the group’s overall revenue.
In line with its strong financial performance, Safaricom has announced a record dividend payout of Sh48.08 billion to its shareholders. This includes a final dividend of 65 cents per ordinary share, in addition to the 55 cents per share paid earlier in the year. This marks a significant return on investment for shareholders, reflecting the company’s healthy bottom line and the ongoing success of its business strategy.
The growth was largely driven by Safaricom’s strategic focus on innovation and its expanded product portfolio under its new TechCo identity. The company invested over Sh18 billion in community initiatives over the last five years, focusing on education, health, and economic empowerment, contributing to its strong brand loyalty and customer base.
Safaricom’s entry into Ethiopia has also been a key driver, with subscriber numbers there more than doubling to 8.8 million, supported by over 3,141 operational sites. The company is set to reach profitability in Ethiopia by the 2027 financial year. Meanwhile, in Kenya, M-PESA continues to be a major revenue contributor, generating Sh161 billion and accounting for 44.2% of service revenue, with significant growth in wealth management and credit solutions.
In Kenya’s connectivity business, revenue grew by 6.5%, with mobile data revenue surging by 15.2%. Voice revenue also defied global trends, increasing by 1.6%. Safaricom CEO Peter Ndegwa emphasized that these results lay the foundation for the company’s vision of becoming Africa’s leading purpose-driven technology company by 2030, further cementing its position as a market leader in the region.
