In this exclusive interview with The Kenyan Wall Street, Safaricom Chief Financial Officer (CFO) Dilip Pal unpacks the performance and key drivers behind the numbers.
- •Safaricom PLC has reported a 11.2% increase in total revenue to KSh 388.7 billion for the financial year ending 31st March 2025, with net income rising 10.8% to KSh 69.8 billion.
- •The company will pay a total dividend of KSh 48.08 billion for the year — including a final dividend of 65 cents per share, on top of the 55 cents interim dividend paid earlier
- •Pal attributes the strong results to solid execution of Safaricom’s multi-year strategy, which concluded this year.
“Our customers are at the heart of everything we do. FY25 was all about delivering on our purpose — transforming lives — and the numbers reflect that,” he told The Kenyan Wall Street’s Erick Asuma.
He noted that M-PESA contributed 60% of the company’s incremental revenue, and now accounts for 44% of Safaricom’s revenue in Kenya, growing 15% year-on-year.
Pal also highlights the rapid success of Safaricom’s new wealth management business, which has grown assets under management by 400% within six months, entering Kenya’s top 15 fund managers.
“We’re democratizing wealth — allowing customers to invest from as little as KES 100. That’s not just growth; it’s impact,” Pal said.
On regional expansion, Pal pointed to Ethiopia as a major contributor to group performance and a long-term opportunity, noting that recent currency and macroeconomic reforms by the Ethiopian government have eased some of the initial risks Safaricom faced entering the market.
Watch the full interview below for more on Safaricom’s FY25 performance and what’s next for the Group.
