Safaricom became the first East African firm to exceed 3 billion in annual revenue, lifting investor sentiment and stock performance.
The companys dividend payout hit 372.6 million, reinforcing its consistency despite Ethiopia expansion costs and currency challenges.
Vision 2030 strategy targets AI, 4G access, pan-African growth, and financial innovation to transform Safaricom into a tech-driven powerhouse.
Safaricom PLC, East Africas telecom giant led by Kenyan executive Peter Ndegwa, has declared a total dividend of 372.6 million for the financial year ended March 31, 2025, extending its track record of strong shareholder returns for the third time.xA0
The Ksh48.08 billion 372.6 million payout includes a final dividend of Ksh0.65 0.005 per share, approved at its 17th Annual General Meeting, bringing the total distribution for the year to Ksh1.20 0.009 per share.
Record results underscore strategic momentumThe final dividend will be paid on or about August 31, 2025, to shareholders on record as of July 31. Despite the financial strain from its expansion into Ethiopia and local currency headwinds, Safaricom has held steady on returns, reinforcing its appeal among investors. The companys stock is up 68.7 percent over the past year, and market capitalization recently surpassed Ksh1 trillion 7.75 billion.
The payout announcement follows a historic financial year that saw Safaricom become the first firm in the region to surpass 3 billion in annual revenue . Group revenue rose 11.2 percent to Ksh388.7 billion 3.01 billion, while net income increased 10.8 percent to Ksh69.8 billion 540.5 million.
We closed the financial year on a strong note, surpassing 3 billion in revenuea clear signal of our business resilience and growth momentum, said Group CEO Peter Ndegwa, who owns 0.016 of the companys shares. This performance lays a solid foundation for our ambition of becoming a purpose-led tech company in Africa by 2030.