Key takeaways
- 53% — Safaricom Ethiopia’s loss before interest and taxes narrowed to KSh11.4 billion from KSh24.3 billion.
- Six months to September — The Ethiopian improvement helped lift Safaricom’s first-half earnings.
- KSh58.2 billion — Reported group net profit increased 36%.
- KSh226.1 billion — Group service revenue rose 13%; group EBIT increased 40% to KSh91.1 billion.
- KSh180–187 billion — Safaricom retained its full-year group EBIT guidance.
Why it matters
- Lower Ethiopian start-up losses are reducing the unit’s drag on group earnings, according to management.
- The Ethiopian operation remains loss-making on the EBIT measure despite the improvement.
- Management still targets Ethiopian break-even by financial year-end; this is a forecast, not an achieved result.
What to watch
- Whether the Ethiopian business meets its break-even target.
- Full-year group results against the unchanged EBIT range.
Source: StockMarket.et, November 5, 2026. Figures are in Kenyan shillings. Thumbnail: AI-generated editorial illustration.