Safaricom PLC (NSE: SCOM) has sustained a dividend payout of KES 48.08 billion for the financial year ended 31 March 2025, following shareholder approval at its 2025 Annual General Meeting. The approval confirms a final dividend of KES 0.65 per share, building on the interim dividend of KES 0.55 per share disbursed on or around 31 March 2025. This brings the total dividend per share to KES 1.20 for the year.
The announcement follows a 68.7 percent year-on-year surge in Safaricom’s share price, underscoring robust investor confidence in the company’s performance and future outlook.
“We closed the financial year on a strong note, surpassing USD 3 billion in total Revenue, a clear signal of our business resilience and growth momentum. As of 30 June 2025, Safaricom PLC’s market capitalisation crossed the KES 1 trillion mark, reinforcing our position as one of the region’s most valuable listed entities. It reflects not only our solid earnings but also the strategic clarity embedded in our Vision 2030 roadmap, which continues to inspire belief in our long-term value creation,” said Dr Peter Ndegwa, Group Chief Executive Officer, Safaricom PLC.
The consistent dividend payout over the past three years has been maintained despite the financial strain of launching operations in Ethiopia and challenges arising from the depreciation of the Ethiopian Birr. The latter followed forex regime reforms introduced by the Government of Ethiopia in July 2024.
The final dividend is scheduled for payment on or about 31 August 2025 to shareholders on record as at close of business on 31 July 2025.
By the end of the current financial year, shareholders will have received a cumulative KES 255 billion in dividends over the last five years. This trajectory is expected to continue as Safaricom intensifies efforts aligned with its Vision 2030 strategy.
The Vision 2030 blueprint outlines a forward-looking agenda to harness technology and innovation for social impact across Kenya and Ethiopia. It identifies six strategic priorities: expanding access to affordable 4G devices, deploying Generative AI for customer segmentation and personalisation, deepening mobile financial services beyond payments, achieving positive EBITDA and sustainable financing in Ethiopia, advancing Africa’s digital transformation, and connecting more than 2 million homes and businesses via fixed connectivity.
“This is how we will future-proof Safaricom by balancing growth today with innovation for tomorrow. Since launching our Vision 2025 strategy in FY2021, we have attained a remarkable Group revenue growth of 48.6 percent, translating to an 8.2 percent compounded annual growth rate,” said Mr Adil Khawaja, Chairman of the Board, Safaricom PLC.
During the AGM, shareholders also re-elected Mr Edward Okaro, Ms Rita Kavashe, and Mr James Wambugu to the Board of Directors.
