Safaricom has once again made headlines, this time by smashing through the Sh1 trillion market capitalisation mark during inter-day trading at the Nairobi Securities Exchange (NSE), after its share price surged past Sh25.5.

This milestone effectively added a staggering Sh266 billion to the wealth of its shareholders, cementing the telco’s position as a market giant.

Though the stock later closed slightly lower at Sh24.90, investor sentiment remains bullish.

The rally follows the company’s impressive financial results released on May 9, 2025, where it reported a revenue jump to Sh388 billion and a remarkable net profit increase to Sh68.8 billion. Safaricom’s upward momentum shows no sign of slowing down.

Behind the record-breaking valuation lies a transformative journey. The financial year ending March 31, 2025, marked the conclusion of Safaricom’s five-year transition from a traditional telecom operator into a technology-led enterprise.

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With operations now deeply rooted in both Kenya and Ethiopia, the firm has extended its digital reach across markets and communities.

In Ethiopia, Safaricom more than doubled its subscriber base to 8.8 million, with over 3,141 network sites now active.

M-PESA, launched in the country just over a year ago, has already gained traction with 2.4 million active users transacting in excess of Sh20.6 billion during the review period.

At home, Kenya’s operations remained robust. The company's service revenue grew by 10.5 per cent to Sh364.3 billion.

M-PESA alone contributed Sh161.1 billion—a 15.2 per cent rise—accounting for 44.2 per cent of that total. Safaricom noted the mobile money platform’s evolution beyond payments to include business services, wealth products and credit solutions.

Connectivity services, including mobile voice and data, brought in Sh185.2 billion, up 6.5 per cent from the previous year.

While mobile data revenue surged 15.2 per cent to Sh72.9 billion, even voice, often seen as a declining stream globally, climbed by 1.6 per cent to reach Sh80.8 billion.

“We have delivered excellent group performance with double-digit growth on both top and bottom line. This strong set of results reflect the dedication of our teams, the loyalty of our customers, and the strength of our strategy,” said Dr. Peter Ndegwa, Safaricom PLC CEO.

Social investment also featured prominently in the company’s disclosures.

Over the past five years, Safaricom has committed more than Sh18 billion to support programmes in health, education, environmental sustainability and economic inclusion. According to the company, these initiatives have positively impacted over 13 million lives.

Dr Ndegwa described the 2025 results as a foundation for the company’s long-term ambition.

“This year’s results are more than a reflection of past performance; they are a foundation for our vision of becoming Africa’s leading purpose-led tech company by year 2030. We are entering a new phase of growth, and we will continue harnessing innovation for social good and shaping the future of Kenya, Ethiopia and beyond,” he noted.

As Safaricom sets its sights on regional technology leadership, the Sh1 trillion valuation serves not just as a financial milestone but also as a signal of renewed investor faith in its evolving mission.