Safaricom’s M-Pesa business has crossed the KSh100 billion revenue mark for the first time in a six-month reporting period.
M-Pesa revenue increased 13.6% to KSh100.1 billion in the six months to September 2026, up from KSh88 billion recorded during the corresponding period last year, as demand for digital payments and financial services continued to support growth.
The achievement came alongside the shareholder profit rising 35.9% to KSh58.2 billion, exceeding analysts’ expectations of KSh54.32 billion.
Group service revenue increased 13.1% to KSh226.1 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 27.5% to KSh129.2 billion. Operating profit (EBIT) rose 39.8% to KSh91.1 billion.
In Kenya, the group’s net income grew 13.8% to KSh66.3 billion, reflecting continued strength in its established domestic operations.
Its Ethiopian business also recorded significant progress.
Service revenue surged 71.6% to KSh10.6 billion, while EBITDA losses narrowed by 96.5% to KSh400 million. The operation’s EBIT loss declined 53.4% to KSh11.4 billion, bringing the business closer to EBITDA breakeven.
The latest results underline M-Pesa’s importance beyond mobile money transfers, as the platform continues to strengthen Safaricom’s position in digital payments and financial services.
For investors, the KSh100 billion mark reinforces the significance of M-Pesa as a major revenue engine for Safaricom, while improving performance in Ethiopia offers another potential source of growth as the group expands beyond Kenya.