{"id":2605,"date":"2026-05-07T10:15:59","date_gmt":"2026-05-07T10:15:59","guid":{"rendered":"https:\/\/livenation254.com\/?p=2605"},"modified":"2026-05-07T10:15:59","modified_gmt":"2026-05-07T10:15:59","slug":"safaricom-hits-historic-kes-100-billion-profit-as-shareholders-pocket-kes-80-1-billion-dividend","status":"publish","type":"post","link":"https:\/\/livenation254.com\/?p=2605","title":{"rendered":"Safaricom Hits Historic KES 100 Billion Profit as Shareholders Pocket KES 80.1 Billion Dividend"},"content":{"rendered":"

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Safaricom Hits Historic KES 100 Billion Profit as Shareholders Pocket KES 80.1 Billion Dividend<\/strong><\/p><\/blockquote>\n

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Safaricom Group Revenue Hits KES 414 Billion with Net Income of KES 100 Billion in FY26<\/h3>\n<\/blockquote>\n

Investors Set to Enjoy KES 80.1 Billion Dividend in First Year of Vision 2030 Strategy<\/h3>\n

By Jeff Kizzilah\/ Digital Editor\u00a0<\/em><\/strong><\/p>\n

\"\"<\/a><\/p>\n

Peter Ndegwa CEO Safaricom PLC<\/strong><\/em><\/p>\n

Safaricom PLC<\/a> 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"\"<\/a><\/p>\n

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.<\/p>\n

\u201cWe 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,\u201d said Ndegwa.<\/p><\/blockquote>\n

Safaricom Kenya\u2019s 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.<\/p>\n

The company\u2019s 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.<\/p>\n

praised the company\u2019s balance between growth, investment, and operational discipline.<\/p>\n

\u201cThese 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,\u201d he stated.<\/p><\/blockquote>\n

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.<\/p>\n

Meanwhile, M-PESA maintained its dominance as Africa\u2019s leading fintech platform, recording KES 182.7 billion in revenue with 41 million active customers using the service for transactions, savings, and borrowing.<\/p>\n

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.<\/p>\n

According to , continued investments in network infrastructure and digital systems are expected to further strengthen the company\u2019s growth momentum.<\/p>\n

\u201cEthiopia’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,\u201d said Pal.<\/p><\/blockquote>\n

Key FY26 Highlights:<\/h3>\n