Safaricom Reports 36% Growth in Net Income to Sh58.2 Billion in HY27
Safaricom has reported a strong performance for the six months ended 30 September 2026, with Group net income rising 35.9% to Sh58.2 billion, as service revenue and earnings continued to grow across its Kenya and Ethiopia operations. Group service revenue increased 13.1% to Sh226.1 billion, while EBITDA rose 27.5% to Sh129.2 billion, reflecting sustained growth [...] The post Safaricom Reports…
Safaricom has reported a robust 36% growth in net income to Sh58.2 billion for the six months ended 30 September 2026, as service revenue and earnings continued to rise across its operations in Kenya and Ethiopia. The company's Group net income rose 35.9% to Sh58.2 billion, while service revenue increased 13.1% to Sh226.1 billion, and EBITDA grew 27.5% to Sh129.2 billion, signifying sustained growth and successful execution of the company's strategy.
Peter Ndegwa, Group CEO of Safaricom, emphasized the company's commitment to its Vision 2030 ambition of becoming Africa's leading purpose-led technology company, with Ethiopia's growth trajectory contributing significantly to the positive outlook.
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