Safaricom Net Profit Jumps 35.9% to KSh58.2 Billion as M-Pesa Revenue Crosses KSh100 Billion

Safaricom PLC has reported a 35.9 per cent increase in net profit to KSh58.2 billion for the first half of the 2026/2027 financial year, driven by strong growth in its Kenyan business and improved performance in Ethiopia.The telecommunications giant attributed the performance to rising M-Pesa revenues, increased customer activity and significant improvements in its Ethiopian operations, which are now approaching profitability.