- Safaricom reported a 15.07 revenue growth to Ksh189.42 billion 1.47 billion in H1 2025, driven by strong service revenue.
- Net profit dropped 63.17 to Ksh10.01 billion 77.75 million due to higher costs and foreign exchange challenges.
- CEO Peter Ndegwa emphasized resilience amid challenges, with total comprehensive income rising to Ksh138.23 billion 1.07 billion.
Safaricom, East Africas largest telecom operator, led by Kenyan tycoon Peter Ndegwa, reported mixed financial results for the first half of the 2025 fiscal year , with revenue growth offset by a decline in profitability due to foreign exchange challenges in Ethiopia and a tough business environment in Kenya.
The company posted a 15.07 percent revenue increase to Ksh189.42 billion 1.47 billion, up from Ksh164.62 billion 1.28 billion in the same period in 2023, driven by strong service revenue, which rose to Ksh179.92 billion 1.4 billion.
Revenue increases, profit drops 63.17 percentSafaricoms service revenue increased by Ksh24.81 billion 192.48 million, driven by growth in M-PESA, mobile data, and fixed data revenue. This reflects the company's strategic focus on digital financial services and connectivity expansion.
However, higher operating expenses and financing costs offset this growth. The companys expansion into Ethiopia, along with increased network and infrastructure costs, contributed to the rise in expenses. Additionally, foreign exchange fluctuations added pressure on profitability, leading to a 63.17 percent drop in net profit.
Net profit fell from Ksh27.19 billion 211.14 million in H1 2024 to Ksh10.01 billion 77.75 million in H1 2025, reflecting challenges in Ethiopia's foreign exchange market and a difficult business environment in Kenya.
