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Safaricom Group Revenue Hits KES 414 Billion as Net Income Crosses KES 100 Billion in FY26
Safaricom PLC has reported strong financial results for the year ended March 31, 2026. The company posted Group revenue of KES 414 billion and net income of KES 100 billion.
The growth was driven by rising customer numbers, increased use of digital services, and expansion in both Kenya and Ethiopia.
The telco also announced a dividend payout of KES 80.1 billion, equivalent to KES 2 per share. This represents a 66.7 per cent increase from the previous financial year.
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.
Safaricom Group Revenue Hits KES 414 Billion as Net Income Crosses KES 100 Billion in FY26
Strong Growth Across Core Business
Safaricom Group CEO Peter Ndegwa said the results reflect strong execution during the first year of the company’s Vision 2030 strategy.
“We have shown strong execution in the first year of our five-year strategy, signalling a great setup for delivering our vision,” said Ndegwa.
He added that strong performance in Kenya helped offset the impact of currency reforms and market repair actions in Ethiopia.
Safaricom Kenya’s service revenue grew by 10 per cent to KES 400.8 billion. Earnings Before Interest and Tax (EBIT) increased by 15.3 per cent to KES 182.3 billion.
The Group’s customer base rose to 71.6 million subscribers. The growth reflects continued demand for digital connectivity and financial services.
Safaricom Chairman Adil Khawaja said the company had maintained strong growth while continuing to invest in Ethiopia.
“These results reflect a business that continues to demonstrate resilience and momentum,” he said.
Ethiopia and M-PESA Drive Momentum
Safaricom Ethiopia continued to gain traction during the year. The business contributed 12.5 per cent to Group service revenue growth.
Subscriber numbers in Ethiopia rose to 13.6 million customers. The network now covers 60 per cent of the population through 3,504 sites.
M-PESA also maintained strong growth in Kenya. The platform now has 41 million active customers.
During the financial year under review, M-PESA generated KES 182.7 billion in revenue.
Safaricom said it continued investing in programmes aimed at transforming lives across Kenya and Ethiopia.
Through the Safaricom and M-PESA Foundations, more than 4.4 million lives were impacted during FY26. The programmes focused on education, health, and economic empowerment.
Focus on Long-Term Growth
Safaricom Group Chief Finance Officer Dilip Pal said the company continues to strengthen its network and IT infrastructure.
“We continue to invest in our network and IT systems to support capacity upgrades and user experience,” said Pal.
He noted that Ethiopia’s reduced losses had significantly boosted Group performance.
Safaricom now enters the second year of its Vision 2030 strategy. The company says it remains focused on sustaining growth and execution momentum.
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