Safaricom Group has reported a 35.9 per cent increase in net profit to KSh 58.2 billion for the six months ended September 2026, supported by strong growth in its Kenyan operations and improved financial performance in Ethiopia.
The telecommunications company recorded an 11.3 per cent increase in group service revenue to KSh 226.1 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 27.5 per cent to KSh 129.2 billion, while operating profit increased by 39.8 per cent to KSh 91.1 billion.
M-PESA generated KSh 100.1 billion in revenue during the reporting period, marking the first time the mobile money platform has surpassed KSh 100 billion in a six-month reporting period. The figure represents a 13.6 per cent increase compared with the corresponding period last year.
The platform processed 27.4 billion transactions, a 25.2 per cent increase, while the total value of transactions grew by 16.6 per cent to KSh 23.6 trillion.
Consumer payments remained M-PESA’s largest revenue contributor, generating KSh 40.8 billion, followed by business payments at KSh 31 billion. Financial services recorded the fastest growth, with revenue increasing by 55.3 per cent to KSh 7.1 billion. Global payments revenue also rose by 26.6 per cent to KSh 2.8 billion.
Safaricom Ethiopia reported improved financial performance, reducing its net loss by 43.2 per cent to KSh 8.8 billion. Its service revenue increased by 71.6 per cent to KSh 10.6 billion during the six-month period.
The results highlight the contribution of M-PESA to Safaricom’s financial performance, alongside continued growth in its telecommunications and digital financial services operations across its markets.
