By: Van
Soul Addey
Safaricom PLC Group has
reported a 35.9% year-on-year growth in net income to KSh58.15 billion for the
six months ended September 30, 2026, supported by a 13.1% increase in service
revenue to KSh226.06 billion.
The Group's M-PESA revenue
grew 13.6% year-on-year to KSh100.08 billion, reflecting continued growth in
its mobile financial services business across Kenya and Ethiopia.
In Kenya, Safaricom recorded
an 11.3% increase in service revenue to KSh215.96 billion, contributing to a
13.8% growth in net income to KSh66.27 billion. M-PESA revenue in the country
also increased by 13.6% to KSh100.07 billion, accounting for 46.3% of service
revenue.
Safaricom Ethiopia
Telecommunications PLC recorded a 71.6% year-on-year increase in service
revenue to KSh10.62 billion, while M-PESA revenue grew 15.7% to KSh0.01
billion.
The number of one-month
active M-PESA customers in Kenya increased to 42.31 million, while Safaricom
Ethiopia recorded 2.15 million total 30-day M-PESA customers.
The total value of
transactions processed through M-PESA in Kenya grew 16.6% to KSh23.56 trillion,
with the number of transactions increasing 25.2% to 27.38 billion. In Ethiopia,
transaction value rose 192.9% to KSh34.40 billion, driven by a 163.7% increase
in transaction volume to 223.44 million.
Safaricom Kenya also
recorded strong demand for affordable credit, processing more than KSh1.3
trillion in loans and empowering over 17.5 million customers during the
reporting period.
Merchant solutions recorded
significant growth, with the total number of merchants increasing 90.3% to 4.51
million. This included 1.27 million Lipa na M-PESA merchants and 3.23 million
micro-merchant Pochi tills.
Among the innovations
launched during the half-year period was Shiriki Pay, a solution that allows
customers to share their M-PESA accounts and enable others to transact using
their balances.
The company also introduced
payment enhancements that allow customers to scan QR codes or tap their phones
to make merchant payments.
