Safaricom Hits Historic KES 100 Billion Profit as Shareholders Pocket KES 80.1 Billion Dividend
Safaricom Group Revenue Hits KES 414 Billion with Net Income of KES 100 Billion in FY26
Investors Set to Enjoy KES 80.1 Billion Dividend in First Year of Vision 2030 Strategy
By Jeff Kizzilah/ Digital Editor
Peter Ndegwa CEO Safaricom PLC
Safaricom PLC has announced a strong financial performance for the year ended March 31, 2026, posting record revenue growth and a historic net income milestone as the company accelerates its transition into a purpose-led technology company.
The Group reported a net income of KES 100 billion, driven by sustained customer growth, increased uptake of digital services, and strong performance across its key business segments including mobile data, connectivity, and M-PESA.
In a major boost for investors, Safaricom announced a total dividend payout of KES 80.1 billion, equivalent to KES 2.00 per share, representing a 66.7 percent increase from the previous 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.
Speaking during the release of the FY26 results, said the company had delivered strong execution in the first year of its five-year 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. We delivered strong performance, with acceleration in the second half, surpassing Group guidance with outstanding Kenya performance offsetting the impact of currency reforms and the timing of market repair actions in Ethiopia,” said Ndegwa.
Safaricom Kenya’s service revenue grew by 10 percent to KES 400.8 billion, while Earnings Before Interest and Tax (EBIT) increased by 15.3 percent to KES 182.3 billion.
The company’s customer base across Kenya and Ethiopia expanded to 71.6 million subscribers, reflecting growing trust in the brand and increasing demand for digital connectivity and financial services.
praised the company’s balance between growth, investment, and operational discipline.
“These results reflect a business that continues to demonstrate resilience and momentum. We have sustained strong growth in service revenue, driven by double-digit growth in Kenya and accelerated growth in Ethiopia, while maintaining profitability despite continued investment in Ethiopia,” he stated.
Safaricom Ethiopia continued its rapid expansion, contributing 12.5 percent to Group service revenue growth. Subscriber numbers in Ethiopia rose to 13.6 million customers, supported by an expanded network now covering 60 percent of the population through 3,504 operational sites.
Meanwhile, M-PESA maintained its dominance as Africa’s leading fintech platform, recording KES 182.7 billion in revenue with 41 million active customers using the service for transactions, savings, and borrowing.
The company also highlighted its continued investment in social impact initiatives through the Safaricom and M-PESA Foundations, which impacted more than 4.4 million lives across Kenya and Ethiopia through programs focused on education, healthcare, and economic empowerment.
According to , continued investments in network infrastructure and digital systems are expected to further strengthen the company’s growth momentum.
“Ethiopia’s performance shows reduced losses relative to the previous period, greatly boosting Group performance. We now move into the second year of our Vision 2030 strategy with a commitment to carry on our execution momentum,” said Pal.
Key FY26 Highlights:
- Group service revenue grew by 11.5% to KES 414.1 billion
- Mobile data revenue increased by 18.3% to KES 92.9 billion
- M-PESA revenue grew by 13.4% to KES 182.7 billion
- Safaricom Ethiopia service revenue rose by 86.6% to KES 14.1 billion
- Total Group customers reached 71.6 million
Safaricom PLC Africa’s leading telecommunications and technology company, serving over 71.6 million customers across Kenya and Ethiopia. The company operates one of Africa’s largest fintech platforms, M-PESA, and continues to drive digital transformation, financial inclusion, and sustainable development across the region.
