Safaricom Full Year 2020 Results Summary

Safaricom has today announced audited results for the year ended 31st March 2020. Here are the main highlights;

• Voice service (incoming and outgoing) revenue shrunk by 1.4% to KES 94.45bn.

• M-PESA revenue grew by 12.6% to KES 84.44bn.

• Mobile data revenue increased by 12.1% to KES 40.67bn.

• Messaging revenue declined by 12.3% to KES 17.19bn.

• Fixed service revenue increased by 10.7% to KES 8.97bn.

• Service revenue growth of 4.8% to KES 251.22bn

• One month active overall customer base increased by 9.5% to 28.63mn.

• One month active M-PESA customers increased 10.0% to 24.91mn.

• One month active chargeable mobile data customers increased by 10.2% to 19.62mn.

• 13.5% growth in EBIT (Earnings/profit before Interest) to KES 101.01bn with an EBIT margin of 38.6%, up 3.0ppts YoY.

• Free Cash Flow up 11.4% to KES 70.27bn.