Following the merger of Access Pensions and ARM Pensions, Access ARM Pensions reported an increase in revenue in its first full fiscal year, highlighting the scope of benefits and operational efficiencies already being realized from the combination.
The pension fund administrator’s profit after tax increased by 48% to N16.1 billion from N10.9 billion in the prior year, while gross revenue increased by 50.4% to N42.4 billion in the 2025 fiscal year from N28.2 billion in 2024.
The company’s standing as one of Nigeria’s biggest pension fund administrators was further strengthened by the substantial increase in assets under management, which surpassed N4 trillion in 2025 from over N3 trillion in 2024.
A dividend payment of N2 per share was agreed by shareholders during the company’s Annual General Meeting in Lagos.
Acting Managing Director and Chief Executive Officer Abimbola Sulaiman, who spoke at the gathering, called 2025 a pivotal year for the company since it was the first year in which the combined operations of both companies were represented in the financial statements.
As you may remember, our first full year following the merger was FY2025. 2025 was the first complete year of consolidation since ARM Pensions had only been a part of the company for roughly five months in 2024, she noted.
She claims that while simultaneously boosting client acquisition and increasing pension assets, the company was able to successfully extract significant operational synergies from the combination, especially through cost optimization.
Significant synergies were extracted, especially with regard to cost. We saw significant increases in customer acquisition and assets under management, and the company and brand are strong,” she said.
Sulaiman observed that the company’s growth trajectory was exceeding the expansion of the industry as a whole, mostly due to increasing scale and value creation resulting from mergers.
Our AUM increased significantly from over N3 trillion in 2024 to N4 trillion in 2025. Because of the merger’s value capture, we are witnessing robust double-digit growth that is both ahead of and in line with the industry, she continued.
She stated that as integration benefits continue to develop across operations and revenue channels, the company anticipates improved performance over the medium term.
As you are aware, it usually takes one to three years for mergers and acquisitions to fully realize the benefits of integration, both in terms of cost optimization and revenue synergies. As a result, we have high hopes for the future growth trajectory,” she stated.
Additionally, Sulaiman highlighted the expanding prospects in the pension sector, especially as regulators continue to push reforms meant to increase pension penetration and extend coverage nationwide.
“We continue to hold a strong position within the pension business, which is expanding and becoming more concentrated. We plan to use that position to further boost our competitiveness,” she stated.
She continued by saying that the company was still confident in its ability to exceed the level internally without diluting shareholders, even in the face of increasing regulatory capital requirements for pension operators.
We are confident in the health and performance of the company, as evidenced by the fact that we are able to pay dividends this year while still striving to achieve the new minimum capital requirement before the regulator’s deadline.
“We won’t need any outside capital infusion to meet the capital requirement before the deadline,” she declared.
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