Safaricom Posts KES 100 Billion Profit as Revenue Hits KES 414 Billion in FY26
Safaricom PLC has announced strong financial results for the financial year ended March 31, 2026, posting a net income of KES 100 billion as the telecommunications giant recorded significant growth in revenue, digital services, and regional expansion. The company’s Group service revenue grew by 11.5 percent to KES 414.1 billion, driven by strong performance in Kenya and accelerating growth in Ethiopia. Mobile data revenue rose by 18.3 percent to KES 92.9 billion, while M-PESA revenue increased by 13.4 percent to KES 182.7 billion. Safaricom also rewarded shareholders with a dividend payout of KES 80.1 billion, equivalent to KES 2 per share. The payout includes an interim dividend of 85 cents per share and a proposed final dividend of KES 1.15 per share, subject to shareholder approval. Speaking during the release of the results, Peter Ndegwa said the company had delivered strong execution in the first year of its five-year Vision 2030 strategy aimed at transform...