Safaricom Records Ksh42.8 Billion Profit in First Half of 2025
Safaricom Records Ksh42.8 Billion Profit in First Half of 2025
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Safaricom has reported a profit of KSh 42.8 billion in its half-year financial results for 2025.
While releasing the results, Safaricom CEO Peter Ndegwa said Safaricom Kenya achieved KSh194 billion in service revenue.
This is an increase of 9.3% compared to the same period in 2024.
Ndegwa said Earnings before interest and taxes (EBIT) grew 13.1% to Ksh89.5 billion, and net income grew 22.6% to Ksh58.2 billion.
“This came off a high double-digit performance last year, so we are pleased with this outcome,” he said.
He revealed that currency reforms are starting to create a more liquid market in Ethiopia.
Ndegwa said losses have reduced by 20.1% year-on-year to Ksh15.5 billion, even as pricing and currency reform challenges persist.
“It is important to note, the Birr depreciation against major currencies, particularly the US dollar and Euro, contributed 35% to Ethiopia’s net losses,” he said.
Safaricom Group Results
The CEO pointed out that the growth is impressive at the Group level.
Safaricom Group service revenue grew 11.1% to close to Ksh200 billion.
Ndegwa said the EBIT jumped 54.5% to Ksh65.2 billion, and net income grew 52.1% to Ksh42.8 billion.
“We are pleased by the strong results in the first year of our Vision 2030 strategy,” he said.
Also Read: Safaricom Issues Update on Fuliza Loan Deductions
Focus Areas for H2
Ndegwa said in Kenya, Safaricom remains focused on executing its strategy through segment-led execution and integrated solutions.
He stated that the Company will deepen partnerships to accelerate 4G+ device access and availability, alongside scaling content offerings.
In Financial Services and Enterprise, Ndegwa said Safaricom will move beyond connectivity and payments with propositions in credit, savings, and insurance, while driving merchant growth.
He mentioned that Safaricom is expanding its reach and affordability to deliver reliable, always-on broadband.
Also Read: Safaricom to Offer 10,000 Scholarships and Build 600 Schools Nationwide
For Ethiopia, the CEO said the priority is addressing operational and financial challenges and meeting our regulatory obligations.
“In summary, we are committed to a strong year in both markets, accelerating and scaling our tech solutions,” he said.
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Part of Safaricom 2025 half year results. PHOTO/Safaricom.
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