EthSwitch, the national digital payment switch connecting banks and financial institutions across Ethiopia, has announced a pre-tax profit of Birr 1.42 billion for the 2024/25 fiscal year, marking a 34 percent increase compared to the previous year.

According to Solomon Desta, Chairman of the Board of Directors of EthSwitch, the company’s total revenue reached Birr 2.2 billion, reflecting a 49 percent growth from the preceding period. Consequently, the dividend per share of Birr 1,000 rose to Birr 486.4.

During the fiscal year, EthSwitch processed 287.4 million transactions valued at Birr 741.1 billion, of which Birr 577.7 billion was transferred between financial institutions and Birr 156.1 billion through interconnected ATMs, representing a 26 percent year-on-year increase.

The company’s paid-up capital also reached Birr 2.56 billion as of July 7, 2025.

EthSwitch’s operations include facilitating interbank payments, providing a national payment gateway, offering central clearing and settlement services, and maintaining a common payment infrastructure for financial institutions.

Jointly owned by all public and private banks in Ethiopia, along with the National Bank of Ethiopia, microfinance institutions, and other payment system operators, EthSwitch reaffirmed that its performance in 2024/25 positions it strongly for continued growth into 2025/26.

Source: Sheger FM 102.1