Safaricom profit jumps as M-Pesa revenue crosses KSh 140 billion

Safaricom reported a 12.4% rise in net profit to KSh 84.6 billion, helped by mobile money growth and a larger active customer base, according to results covered by Business Daily and The Standard ^S1S2.

What happened

M-Pesa revenue crossed KSh 142 billion and now accounts for close to half of service revenue ^S1. The company declared a final dividend of KSh 1.20 per ordinary share, maintaining its payout policy ^S2.

Voice earnings were weaker, reflecting price competition and a shift in how customers use their phones. Data and mobile money did the heavy lifting.

The numbers that matter

• Net profit: KSh 84.6 billion, up 12.4% ^S1.
• M-Pesa revenue: KSh 142 billion, up 18.2% ^S1.
• Dividend: KSh 1.20 per share ^S2.

Why it matters

Safaricom is the largest listed company on the NSE and a bellwether for Kenyan consumer demand. Faster M-Pesa growth means the company is leaning harder on financial services as voice and data competition intensifies ^S1S2.

For investors, the dividend signal matters as much as the profit number. For customers, the results point to a company that will keep pushing financial services, lending and merchant payments.

What to watch

Whether M-Pesa growth holds after recent tariff changes, the pace of the Safaricom Ethiopia turnaround, and regulatory pressure on mobile money pricing and taxes ^S2.

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