Safaricom has announced an interim dividend of Ksh 0.55 per ordinary share (totalling Ksh 22.04 billion) for the year ending March 31, 2025.
The decision was made by the board on February 12, 2025, and announced by Ag. Company Secretary Linda Wambani on February 13, 2025.
“The Board of Safaricom PLC is pleased to announce that at its meeting held on 12th February 2025, it was resolved to approve payment of an interim dividend of Kshs 0.55 per ordinary share for the year ending 31st March 2025,” said Wambani.
This announcement comes despite a 17.7% drop in Safaricom’s half-year profit (ending September 2024) to Ksh 28.1 billion. This decline is primarily attributed to the 51.5% depreciation of the Ethiopian Birr, resulting in Ksh 17.7 billion in foreign exchange losses for the company’s Addis Ababa subsidiary.
Safaricom’s full-year profit after tax for the period ending March 2024 also saw an 18.71% decrease to Ksh 42.7 billion, largely due to investments in the Ethiopian subsidiary.
Despite these challenges, Safaricom Group CEO Peter Ndegwa highlighted the “outstanding growth” in the Kenyan business, achieving earnings of over USD 1 billion before tax and interest.
In July 2024, Safaricom’s shareholders approved a final dividend of Ksh 0.65 per share (Ksh 26.04 billion) for the financial year ending March 31, 2024.
Combined with an earlier interim dividend of Ksh 0.55 per share (Ksh 22.04 billion), the total dividend payout for that year reached Ksh 1.20 per share (Ksh 48.08 billion).
