Safaricom, a leading telecoms company, has reported impressive financial results for the six months ending September 2025, showcasing significant growth in both voice and data revenue. The company's performance highlights the resilience of its Kenyan operations, despite ongoing challenges in its Ethiopian subsidiary. The publication provides the following information: the growth in revenue is attributed to increased mobile data usage and a rise in customer subscriptions.
Financial Performance Overview
The company announced a voice and data revenue of KSh200 billion, reflecting an 11% year-on-year increase, with its Kenyan subsidiary contributing KSh194 billion to this total. Safaricom's Kenya business remains the primary profit driver, benefiting from a stable economic environment characterized by a 5% GDP growth and inflation rates easing to 4.6%, aligning with the Central Bank of Kenya's targets.
Group Earnings and Net Profit
In terms of overall financial performance, Safaricom recorded a group earnings before interest and taxes (EBIT) of KSh652 billion, marking a substantial 54.5% increase compared to the previous year. Net earnings for the period surged by 52.1% to KSh428 billion, largely due to reduced losses in Ethiopia. Notably, the Kenyan unit experienced a remarkable 226% growth in net profit, reaching KSh528 billion.
Ethiopian Market Performance
In Ethiopia, Safaricom reported KSh155 billion in net earnings, a 20.1% increase, while revenue in the market rose by 13.6% to KSh62 billion. Group CEO Peter Ndegwa emphasized the company's commitment to driving digital transformation across its markets, which is fostering growth in both the public and private sectors.
Expansion of Enterprise Business
He also highlighted the ongoing expansion of its enterprise business across various segments, including:
- GSM
- IoT
- Wholesale
- International operations
The company continues to focus on enhancing its service offerings.
In a notable contrast to Safaricom's financial growth, the Avalanche blockchain recently saw a surge in daily active addresses, reflecting renewed interest in the platform. For more details, visit read more.
