By Eddah Waithaka
Safaricom PLC (NSE: SCOM) reported an 11.2% surge in total revenue to KES 388.7 billion ($3 billion) for the financial year ended March 31, 2025.
Net income climbed 10.8% to KES 69.8 billion, driven by sustained innovation, Ethiopian expansion, and strategic investments in digital transformation.
The company announced a KES 48.08 billion dividend payout, combining an interim dividend of 55 cents per share and a final dividend of 65 cents per share.
Shareholders will receive the final dividend following approval at the upcoming Annual General Meeting. Ethiopia Operations Gain Momentum Safaricom’s Ethiopian subsidiary more than doubled its customer base to 8.8 million, supported by 3,141 operational sites.
M-PESA adoption in Ethiopia surged, with 2.4 million active users transacting KES 20.6 billion in the past year. Ethiopia contributed nearly 10% of group revenue, with profitability expected by 2027.
Kenya Business Sustains Growth
In Kenya, service revenue rose 10.5% to KES 364.3 billion. M-PESA, now 18 years old, grew 15.2% to KES 161.1 billion, accounting for 44.2% of service revenue.
The fintech platform expanded beyond payments into wealth management and credit solutions.
Mobile data revenue jumped 15.2% to KES 72.9 billion, fueled by increased 4G adoption, while voice revenue defied global declines with a 1.6% rise to KES 80.8 billion.
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CEO Eyes Tech Leadership in Africa
Dr. Peter Ndegwa, Safaricom CEO, credited the strong performance to team dedication and customer loyalty.
“These results set the foundation for our 2030 vision, to become Africa’s leading purpose-led tech company,” he said.
The company invested KES 18 billion in social initiatives over five years, impacting 13 million lives.
Safaricom reported impressive financial results with a group revenue of KES 388.7 billion, reflecting an 11.2% increase, while net income reached KES 69.8 billion, up by 10.8%.
The company’s M-PESA revenue surged to KES 161.1 billion, marking a 15.1% rise, and it celebrated remarkable growth in Ethiopia, now serving 8.8 million customers, more than doubling its user base.
This financial success underscores Safaricom’s transformation from a telecom provider to a comprehensive tech company as it concludes its five-year strategy, aiming to enhance digital inclusion across East Africa.
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