A year after completing its merger, Access ARM Pensions is already showing clear signs that the consolidation is delivering on its promises, with robust financial results and improving operational efficiency across the business.
The Pension Fund Administrator delivered a standout performance in the 2025 financial year, with gross revenue climbing by 50.4 per cent to N42.4bn, up from N28.2bn in 2024. Profit after tax also strengthened significantly, rising 48 per cent to N16.1bn compared to N10.9bn in the previous year.
Beyond profitability, the company’s asset base expanded strongly. Assets Under Management crossed the N4tn mark in 2025, rising from about N3tn in 2024. This milestone further cements its position as one of Nigeria’s largest pension fund administrators, reflecting both organic growth and benefits from the merger integration.
At the Annual General Meeting held in Lagos, shareholders responded positively to the performance, approving a dividend payout of N2 per share—an outcome that signals confidence in the company’s earnings stability and future prospects.
Speaking at the meeting, the Acting Managing Director and Chief Executive Officer, Abimbola Sulaiman, described the period as a defining phase in the organisation’s evolution.
“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,” Sulaiman said.
She explained that the company is already benefiting from early-stage synergies, particularly in cost efficiency and customer growth, while also strengthening its market positioning.
“The business is strong, the brand is strong, and we recorded gains in customer acquisition and assets under management. 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.
Sulaiman further noted that mergers of this scale typically require time before delivering full benefits, suggesting that the current performance may only represent the early phase of a longer growth cycle.
“Mergers and acquisitions typically take between one and three years before full integration benefits are realised. We are therefore optimistic about the growth trajectory ahead,” she stated.
On regulatory capital requirements, she expressed confidence in the firm’s internal capacity to comply without seeking external funding or diluting shareholder value.
“The fact that we are able to pay dividends while still working towards meeting the new minimum capital requirement demonstrates our confidence. We will meet the requirement before the deadline and will not require any external capital injection to do so,” she said.
Investors at the meeting largely welcomed the results and management’s outlook. One shareholder, Obinna Anyanwu, described the dividend decision and financial performance as encouraging for the investment community.
“We are beginning to reap the benefits of the merger with ARM Pensions. Based on the performance presented today, we are optimistic that the company will continue to build on and consolidate these gains,” Anyanwu said.
He also highlighted growing investor confidence in the leadership team, adding, “The quality of leadership within the organisation gives us confidence. We believe the company will perform even better in the years ahead.”
With integration gains still unfolding and assets expanding beyond the N4tn threshold, the company appears positioned to sustain its growth momentum as Nigeria’s pension industry continues to evolve under tighter capital and governance expectations.