Access ARM pensions reports N28.2bn revenue, 187% surge in profit

Access ARM pensions reports N28.2bn revenue, 187% surge in profit

Access ARM Pensions has declared a robust performance for the full year of 2024, with revenues amounting to N28.2 billion—over twice the N12.3 billion recorded in 2023.

Moreover, the PFA disclosed that pre-tax profit increased by 164% to N15.2 billion, and post-tax profit escalated by 187% to N10.9 billion. The value of Assets Under Management (AUM) also rose to N3.5 trillion.

Speaking at the Annual General Meeting in Lagos over the weekend, Managing Director and Chief Executive Officer of Access ARM Pensions, Dave Uduanu, said: “Our 2024 performance was the result of a disciplined execution of a post-merger integration plan, deepening our investment capabilities, and leveraging technology to deliver better service at scale as revenue grew to N28.2 billion from N12.3 billion in 2023, and PAT rose to N10.9 billion, a testament to operational synergies and improved efficiency.”

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