Access ARM Pensions has reported a sharp increase in revenue in its first full financial year after the merger of Access Pensions and ARM Pensions, highlighting operational efficiencies from the business combination. The pension fund administrator (PFA) grew gross revenue by 50.4 percent to N42.4 billion in the 2025 financial year, up from N28.2 billion in 2024. Profit after tax rose by 48 percent to N16.1 billion from N10.9 billion in the previous year.
Assets Under Management Surpass N4 Trillion
Assets under management (AUM) also increased significantly, surpassing N4 trillion in 2025 from about N3 trillion in 2024. At the company's annual general meeting in Lagos, shareholders approved a dividend payout of N2 per share.
CEO Highlights Merger Synergies
Acting Managing Director and Chief Executive Officer, Abimbola Sulaiman, described 2025 as a defining year for the business, being the first full year reflecting the combined operations of both firms. "If you recall, FY2025 was our first full year post-merger. In 2024, ARM Pensions was part of the business for only about five months, so 2025 marked the first full year of consolidation," she said.
According to her, the company successfully extracted substantial operational synergies from the merger, particularly through cost optimization, while strengthening customer acquisition and expanding pension assets. "We were able to extract significant synergies, particularly on the cost side. The business is strong, the brand is strong, and we recorded strong gains in customer acquisition and assets under management," she stated.
Growth Outpaces Industry
Sulaiman noted that the company's growth trajectory outperformed broader industry expansion, largely driven by merger-related value creation and increased scale. "Our AUM grew from about N3 trillion in 2024 to N4 trillion in 2025, which represents significant growth. So, we are seeing strong double-digit growth, not only in line with the industry but ahead of it, largely because of the value capture achieved from the merger," she added.
She said the company expects stronger performance over the medium term as integration benefits continue to mature across operations and revenue channels. "As you know, mergers and acquisitions typically take between one and three years before full integration benefits are realized, both from a cost optimization and revenue synergy standpoint. We are therefore optimistic about the growth trajectory ahead," she said.
A shareholder, Obinna Anyanwu, described the company's commitment to shareholder returns as encouraging.
