Safaricom Plc Pays a Record Dividend at KES 80.13 Billion for FY26

Leading with purpose. Dr. Peter Ndegwa, CBS, Group Chief Executive Officer, presents Safaricom PLC's 2026 performance and future growth strategy during the Annual General Meeting (AGM), attended by more than 56,000 shareholders.

Nairobi, 31st July 2026… Safaricom PLC (NSE: SCOM) has declared its highest-ever dividend payout of KES 80.13 billion, after shareholders at the company's Annual General Meeting today approved a final dividend of KES 1.15 per share for the financial year ended 31 March 2026.

The total dividend for the year comes to KES 2.00 per share, following an interim dividend of KES 0.85 per share paid in March 2026, and is the largest payout in the company's history.

The payout comes as Safaricom's share price continued to rise: the stock closed the financial year up 50.3%, taking the company's market value to KES 1.10 trillion by 31 March 2026, and it has risen further since, with Safaricom's market capitalisation touching KES 1.44 trillion in the weeks leading into this year's AGM.

"This has been a defining year for us. We marked 25 years of connecting and driving transformation through our services and community involvement. We did this while delivering our strongest financial performance yet," said Dr Peter Ndegwa, Group CEO, Safaricom PLC.

For three years running, Safaricom held its dividend steady as it absorbed the set-up costs in Ethiopia and weathered the effects of the Birr's depreciation, following the foreign exchange reforms introduced by the Ethiopian government in 2024. This year's increase reflects a business that has come through that period of investment, with Safaricom Ethiopia now on track to break even in the coming financial year.

The final dividend will be payable on or about 4th September 2026 to Shareholders on the Register of Members as at the close of business on 4th August 2026.

Including this year's payout, Safaricom shareholders will have received approximately KES 280 billion in cumulative dividends over the past five years, a trajectory the company hopes to continue as it executes its Vision 2030.

Now in the first year of Vision 2030, Safaricom is positioning itself to grow beyond a traditional telecom operator into a broader technology company. Its priorities include making customer experience simpler and more personal, using artificial intelligence to serve customers better, expanding high-speed broadband and 4G and 5G coverage, and putting affordable smartphones into millions more hands, alongside the continued growth of M-PESA and the wider financial services it offers.

"We were equally pleased to note the completion of the transaction increasing Vodacom Group's shareholding in Safaricom this year. It deepens a partnership that goes back to our earliest years, and gives us access to the scale, expertise and regional reach of one of Africa's leading technology groups as we build towards 2030,” said Adil Khawaja, Chairman of the Board, Safaricom PLC "

The shareholding changes followed Vodacom Group’s acquisition of an additional 15% stake, through Vodafone Kenya Limited, from Government of Kenya alongside an internal restructuring. Vodacom shareholding now stands at 55%, with the Government of Kenya retaining 20% and the investing public holding the remaining 25%.

Shareholders also re-elected Edward Okaro to the Board and re-appointed Ernst & Young as the company's external auditors as well as approving several special resolutions meant to give legal effect to the new shareholding structure.

…Ends…

About Safaricom

Safaricom is the leading telecommunications and technology company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 72 million customers connected across Kenya and Ethiopia, and support more than 1.3 million jobs, directly and indirectly, contributing an estimated 5% of Kenya's Gross Domestic Product.

Listed on the Nairobi Securities Exchange, with service revenue of KES 414 billion for the year to March 2026, Safaricom provides connectivity through 2G, 3G, 4G and 5G networks covering over 99% of Kenya's population.

We run the world's largest mobile payment system and Africa's largest Fintech, M-PESA, the world's first mobile money transfer system. M-PESA has driven financial inclusion in Kenya to 83.7% of the adult population, up from just 26.7% in 2006, and generated KES 182.7 billion in revenue in the year to March 2026, processing transactions worth KES 41.68 trillion, equivalent to 2.4 times the size of Kenya's economy.

Our subsidiary, Safaricom Telecommunications Ethiopia, continues to expand access to connectivity and financial services in Ethiopia, and is on track to break even in the coming financial year.

Safaricom is an equal opportunity employer, actively recruiting from different backgrounds that reflect the communities we serve, and is committed to equal gender representation at every level of the business.

As part of our ongoing commitment to the Sustainable Development Goals, we continue working to improve energy and resource efficiency across our network and facilities, and remain committed to becoming a Net Zero carbon-emitting company by 2050.

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