Safaricom has made history after becoming the first Kenyan company to surpass the KSh 100 billion profit mark, cementing its position as the country’s most profitable corporate entity. The telecommunications giant announced a net profit of approximately KSh 100 billion for the financial year ending March 2026, a milestone largely fueled by continued growth in M-Pesa services, increased mobile data consumption, and improved performance from its Ethiopia expansion. The achievement highlights Safaricom’s continued dominance in Kenya’s telecommunications and financial technology sectors, even amid a challenging economic environment characterized by inflationary pressures and reduced consumer spending power.
The company’s total service revenue rose significantly during the period, crossing the KSh 400 billion mark for the first time in its history. M-Pesa remained the biggest contributor to growth as more Kenyans continued to rely on mobile money services for daily transactions, savings, and digital payments. Increased smartphone adoption and higher internet usage also boosted mobile data revenues, while the firm’s home fibre business continued to expand steadily across major towns and urban centres. Safaricom’s Ethiopia venture, which initially weighed heavily on earnings due to startup costs and infrastructure investments, also showed signs of improvement after reducing losses and growing its customer base substantially over the past year.
The record-breaking profit announcement was welcomed positively by investors and shareholders, with the company also declaring a higher dividend payout amounting to KSh 80 billion. Analysts noted that the results reflect Safaricom’s strong business resilience, diversified revenue streams, and ability to adapt to changing consumer trends. The company has increasingly positioned itself not just as a telecommunications provider but also as a technology and financial services powerhouse in the region.
Industry experts believe the milestone could further strengthen investor confidence in the Nairobi Securities Exchange, where Safaricom remains one of the most valuable listed companies. The performance also underscores the growing importance of digital financial services in Kenya’s economy, particularly through M-Pesa, which has transformed how millions of people send, save, borrow, and spend money. As Safaricom continues expanding its digital ecosystem and regional footprint, the company is expected to maintain a strong growth trajectory in the coming years, reinforcing its influence across East Africa’s technology and telecommunications landscape.
