Safaricom Group cuts Ethiopian losses to book Ksh 74B profit

Safaricom Group has reported a full year net profit of Ksh 73.6 billion which grew by 61pc from Ksh 45.8 billion the giant telco reported last year backed by enhanced revenue.

In a year to March 2026, the firm saw its total revenue rise by 10pc to Ksh 427.6 billion from Ksh 388.7 billion reported over the same period last year to sustain its profitability.

“Profitability improved in line with revenue growth, supported by disciplined cost management and operational
efficiencies, enabling strong cash generation to support ongoing investment and shareholder returns,” said Dilip Pal, Safaricom Chief Finance and Innovation Officer.

Over the same period, the group’s total service revenue rose by 11.5pc to reach Ksh 414 billion from 371.4 billion owing to strong service revenue from the Kenyan unit which amounted to Ksh400.8 billion.

 

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