Safaricom Group net income rises 36% to KSh58.2 billion as Ethiopia operations near break-even
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Safaricom PLC has posted a strong financial performance for the first half of the 2026/2027 financial year, with net income rising by 35.9 per cent to KSh58.2 billion, driven by sustained growth in its Kenyan and Ethiopian operations.
The telecommunications giant recorded a 13.1 per cent increase in group service revenue to KSh226.1 billion for the six months ended September 30, 2026. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also rose by 27.5 per cent to KSh129.2 billion.
In Kenya, Safaricom’s service revenue grew by 11.3 per cent to KSh216 billion, while earnings before interest and tax crossed the KSh100 billion mark for the first time in a half-year reporting period, reaching KSh101.8 billion.