M-Pesa Crosses Sh100bn Revenue as Safaricom Profits Jump to Sh58.2bn in H1
M-Pesa revenue rose 13.6% as transaction value climbed to Sh23.6 trillion, helping Safaricom lift half-year net earnings 35.9%.
- On November 5, 2026, Safaricom Group announced first-half net earnings rose 35.9 per cent to Sh58.2 billion, while EBIT climbed 39.8 per cent to Sh91.1 billion. M-Pesa crossed the Sh100 billion revenue mark for the first time.
- Continued growth in Kenya and reduced start-up losses in Ethiopia drove the strong operating performance, according to Safaricom Group Chief Executive Officer Peter Ndegwa. Kenya's telecommunications business remained the main profit engine, with net earnings increasing 13.8 per cent to Sh66.3 billion.
- Transactional data shows M-Pesa processed 27.4 billion transactions, a 25.2 per cent increase, with their combined value rising 16.6 per cent to Sh23.6 trillion. Financial services surged 55.3 per cent to Sh7.1 billion, while global payments rose 26.6 per cent to Sh2.8 billion.
- In Ethiopia, the subsidiary narrowed its net loss by 43.2 per cent to Sh8.8 billion, reducing the financial burden on the group. Service revenue surged 71.6 per cent to Sh10.6 billion, while the EBITDA loss narrowed 96.5 per cent to Sh400 million.
- The group expanded digital payments beyond person-to-person transfers into business transactions, international payments, and financial services. These categories accounted for 75 per cent of incremental M-Pesa revenue, while business payments, global payments, and financial services contributed 98.9 per cent of incremental transaction volumes.
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14 Articles
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