Reading the annual reports…
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SCOM · NSE · Kenya · Telecom and media
In shortSafaricom is profitable, generates cash and carries moderate debt, with revenue growing (+10.0% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 34.2% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 22.4% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 50.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 27.4% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.59× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.54× | 81/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.37× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.65× | 40/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.97 | 48/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.3% | 93/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.82× | 65/100 |
| Years with positive free cash flow (last 5) | 2 of 2 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 2 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 1 | 100/100 |
| Revenue growth volatility | – | n/a |
| Operating margin volatility | 5.3% | 61/100 |
Weight in the score: 20%
Fiscal year 2026 · change vs prior year
Figures read from the company's audited consolidated financial statements (links at the bottom of the page), in the reporting currency.
Annual figures as reported. Hover a bar or point for the exact value.
The same model applied each year to the statements published at the time: the score is never recalculated with later information.
The last 2 fiscal years from the company's annual reports.
KES millions; negative values in parentheses.
| Fiscal year | FY25 | FY26 |
|---|---|---|
| Revenue | 388,689 | 427,559 |
| Cost of revenue | 101,081 | 104,420 |
| Gross profit | 287,608 | 323,140 |
| Selling, general & admin | 104,311 | 98,864 |
| Operating income | 104,050 | 146,322 |
| Interest expense | 30,132 | 25,909 |
| Pre-tax income | 93,211 | 126,818 |
| Income tax | 47,453 | 53,142 |
| Net income | 69,799 | 95,609 |
| Diluted EPS | KES1.70 | KES2.40 |
2.97 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: The company's audited financial statements. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated –