Shareholders are in line for a dividend payout of Sh 80.1 billion after the company reported a rise in annual profits.<\/p>\n\n\n\n
The payout, equivalent to Sh 2.00 per share, marks a 66.7% increase on the previous year and comes in the first 12 months of the telecoms firm’s five-year plan.<\/p>\n\n\n\n
Group net income rose to Sh100 billion for the year to 31 March 2026, driven by customer growth and increased use of digital services.<\/p>\n\n\n\n
“I think we have shown strong execution. Our performance accelerated in the second half, surpassing guidance,” Group CEO Peter Ndegwa told investors. <\/p>\n\n\n\n
Safaricom Kenya saw service revenue rise 10% to Sh400.8 billion, while earnings before interest and tax (EBIT) grew 15.3% to Sh182.3 billion.<\/p>\n\n\n\n
The company now has 71.6 million customers.M-PESA, its mobile money platform, generated Sh182.7 billion in revenue from 41 million active users in Kenya.<\/p>\n\n\n\n
The Ethiopia operation contributed 12.5% of Group service revenue growth, with subscriber numbers reaching 13.6 million. <\/p>\n\n\n\n
The network now covers 60% of the population.Chairman Adil Khawaja said the business was showing momentum.<\/p>\n\n\n\n
“We are beginning to see the benefits of scale in Ethiopia,” Khawaja said.<\/p>\n\n\n\n
Through the Safaricom and M-PESA Foundations, the company said it had helped transform the lives of more than 4.4 million people through education, health and economic empowerment programmes.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Shareholders are in line for a dividend payout of Sh 80.1 billion after the company reported a rise in annual profits. The payout, equivalent to Sh 2.00 per share, marks a 66.7% increase on the previous year and comes in the first 12 months of the telecoms firm’s five-year plan. Group net income rose to […]<\/p>\n","protected":false},"author":4,"featured_media":24042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-24041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\n