Safaricom Reports 36% Jump in First Half Profit to $447.8 Million Driven by Strong M-Pesa Growth

Safaricom has announced an impressive 36% jump in its net profit, reaching $447.8 million for the first half of the financial year.

The major corporate financial update was publicly released on November 5, 2026, highlighting robust business growth across its regional operations.

Under this successful financial report, the telecommunications group revealed that its net earnings surged significantly during the six months ending September 30, 2026.

The remarkable profit increase was heavily driven by massive growth in its mobile money platform, M-Pesa, which crossed a major milestone by generating over 100 billion shillings in revenue during the period.

Additionally, rising demand for high-speed mobile data, affordable internet bundles, and digital financial services across both Kenya and its expanding operations in Ethiopia helped boost overall corporate earnings.

Company financial statements showed that disciplined cost management and higher customer activity on digital platforms enabled the firm to deliver strong financial returns despite challenging economic conditions across regional markets.

Having strong and profitable telecommunications companies is very important for everyday market traders, small business owners, mobile money agents, and working families across Africa.

In many towns and villages, ordinary citizens rely completely on mobile money services to send money to relatives, pay for goods in local shops, and receive daily business payments safely without needing physical cash.

When major telecom operators record strong financial growth, it reflects healthy digital trade and ensures that companies have the funds to build better network towers, expand internet coverage, and improve customer services.

Profitable digital platforms give everyday people reliable tools to build small businesses and improve their daily livelihoods.

Explaining how continuous business growth and strategic digital execution helped drive the company’s strong financial performance during the half-year period, corporate leadership shared key insights with the public.

Highlighting the company’s commitment to delivering strong results while expanding digital services across the region, Group Chief Finance Officer of Safaricom PLC, Dilip Pal, stated that “the milestone came as Safaricom Group’s net earnings rose strongly, supported by robust performance across key revenue streams”.

Emphasizing that customer adoption of mobile financial services and data packages remains the primary engine of modern corporate growth, company management outlined future business plans.

Pointing out how steady operational momentum continues to yield positive results for shareholders and local communities alike, Dilip Pal added that “we carry on our execution momentum as we expand our digital services and deepen financial inclusion across all our markets”.

Investors are celebrating the positive financial results. As Safaricom continues to grow its mobile money and data infrastructure across East Africa, millions of everyday users look forward to even better digital services and reliable connectivity.