Access ARM Pensions Sees Robust Growth, Revenue Soars to N28.2bn in 2024

Access ARM Pensions has reported a remarkable surge in its 2024 financial results, with revenue climbing to N28.2 billion—a 187% increase from N12.3 billion recorded the previous year.

The company also posted a 164% rise in profit before tax, which stood at N15.2 billion, while profit after tax increased by 184% to reach N10.9 billion. Its Assets Under Management (AUM) also rose significantly, hitting N3.5 trillion.

Speaking at the company’s Annual General Meeting in Lagos, Chief Executive Officer Dave Uduanu credited the strong performance to effective post-merger integration, strategic investments, and technological advancement.

“Our impressive growth in 2024 reflects the careful planning and disciplined execution of our merger strategy,” Uduanu said. “By enhancing our investment capabilities and using technology to scale our operations, we were able to deliver stronger outcomes for both the business and our clients.”

He added that the merger between Access Pensions and ARM Pensions yielded operational benefits that improved efficiency across the board. “We engaged top consultants to guide us through a comprehensive integration roadmap. With full commitment from our board and management, we successfully brought together two strong legacies into one unified, high-performing institution.”

Uduanu further stated that the company expanded its digital infrastructure and opened new service centers to meet client needs, reiterating its promise of accessibility and inclusion following the merger.

Chairman Gbenga Oyebode described 2024 as a pivotal year for Access ARM Pensions, underscoring the strategic impact of the merger on the firm’s culture, governance, and long-term growth.

“Our focus was not only on combining financial strength, but also on creating an organization defined by resilience, purpose, and sustainable value creation. This year’s performance is proof that we are building something enduring,” Oyebode remarked.