Telecoms company Safaricom has announced a voice and data revenue of KSh200 billion (~$1.5 billion) in the six months ending September 2025, representing an 11.1% year-on-year (YoY) growth. The result was powered by its Kenyan subsidiary, which accounted for KSh194 billion.
According to the financial results released on Thursday, the company noted that its Kenya business has continued to be the main profit driver, with losses still lingering over its Ethiopian subsidiary. The performance in Kenya was attributed to its economy, which showed resilience, with GDP growth at 5% and inflation easing to 4.6%, within CBK targets.
Safaricom recorded a group earnings before interest and taxes (EBIT) of KSh65.2 billion, signifying a 54.5% YoY increase. Its net earnings for the period grew by 52.1% to KSh42.8 billion on reduced losses in Ethiopia.
In addition, its Kenyan unit reported 22.6% growth in net profit to KSh52.8 billion. Safaricom recorded KSh15.5 billion in net earnings in Ethiopia, a 20.1% growth, while revenue in the market surged by 136% to hit KSh6.2 billion.
Reacting to the result on Thursday, Group CEO Peter Ndegwa noted that Safaricom continues to drive digital transformation across its markets, powering growth in both public and private sectors. He added that its enterprise business continues to grow across GSM, IoT, wholesale, and international business.
“In the Public Sector, we are enabling Kenya’s digital journey in health, payments, and agriculture, with innovations and partnerships fuelling the next wave of impact,” he said.
The CEO pointed out that the fixed broadband business has maintained a strong growth trajectory, led by Fixed Wireless Access. This has helped Safaricom simplify the customer journey through digital onboarding, personalised care, and enhanced in-home experience for convenience.
“We are driving adoption powered by technology and strong partnerships. To deepen inclusion, we are introducing pay-as-you-go propositions for this customer base in the second half of the financial year,” he added.
Safaricom is partly owned by South Africa’s Vodacom Group and Britain’s Vodafone Group. It launched in Ethiopia in 2022.
Safaricom Celebrates 25 Years of Operations
Safaricom, which launched operations in 2000, is celebrating its silver jubilee through a number of initiatives. One of them is Shangwe @25, a consumer promotion where twenty-five customers will be crowned millionaires and get an additional Ksh250,000 to fund a community project of their choice.
The company, which launched with 17,000 subscribers in the year 2000, has now grown to more than 50 million customers in Kenya and over 10 million in Ethiopia.
Safaricom has rolled out ‘Citizens of the Future’, a program that will elevate education for children for years to come. As part of the line-up, it will be awarding over five million people for the next two months, across its ecosystem of customers, M-PESA agents, dealers, merchants, and MSMEs.
For Safaricom, the moment represents a chance to reward users and reaffirm its promise as Kenya’s telecoms company, driven by service and innovation.