Veritas Glanvills Pensions Limited (VG Pensions), a licensed Pension Fund Administrator in Nigeria, has crossed a serious milestone in its monetary efficiency. The Company surpassed ₦1 billion in revenue earlier than tax (PBT) for the primary time since its inception. The milestone was disclosed on the Company’s nineteenth Annual General Meeting (AGM), held on Thursday, 29 October 2026 in Lagos, Nigeria.
At the assembly, shareholders obtained the Company’s Annual Report and Audited Financial Statements for the monetary yr ended 31 December 2025, which mirrored robust monetary development, improved profitability and a strengthened monetary place.
The Company’s revenue earlier than tax elevated by 34.75%, from ₦760.39 million in 2024 to ₦1.02 billion in 2025, whereas revenue after tax (PAT) rose by 34.9% to ₦695.20 million. Gross income additionally grew by 23.95%, from ₦2.89 billion in 2024 to ₦3.58 billion in 2025, reflecting development in property beneath administration, improved funding efficiency and sustained enterprise growth initiatives.
Commenting on the efficiency, Alhaji Farouk Lawal Yola, Chairman of the Board of Directors, described the achievement as a major milestone within the Company’s development trajectory.
“The 2025 financial year marked a defining moment in the growth of Veritas Glanvills Pensions Limited. Surpassing the ₦1 billion profit before tax milestone for the first time reflects the resilience of our business model, the disciplined execution of our strategic priorities and the collective commitment of our Board, Management and staff. This achievement reinforces our confidence in the Company’s long-term growth prospects and our commitment to sound corporate governance, prudent financial management and sustainable value creation for our shareholders and other stakeholders,” he mentioned.
The audited monetary statements additionally recorded development throughout different key monetary indicators. Fees and fee revenue, the Company’s major income driver elevated by 27.99% to ₦2.75 billion, whereas shareholders’ funds grew by 4.54%, from ₦6.50 billion in 2024 to ₦6.79 billion in 2025.
These outcomes underscore the Company’s give attention to operational effectivity, prudent monetary administration and strategic execution in a dynamic enterprise setting. The strengthened monetary place additionally supplies a basis for continued funding in know-how, human capital, buyer expertise and enterprise enlargement.
Speaking on the Company’s outlook, Godson Ukpevo, OON, Managing Director/Chief Executive Officer, reaffirmed Management’s dedication to sustaining development, enhancing service supply and responding successfully to the evolving wants of consumers and the Nigerian pension business.
He defined that the Company’s strategic priorities embrace deepening buyer engagement by extra personalised service, accelerating digital transformation, increasing market presence by enterprise growth and strategic partnerships, strengthening enterprise threat administration and stronger data safety, all aimed toward enhancing organisational effectiveness and reinforcing the Company’s aggressive place.
According to the Managing Director/CEO, these initiatives will assist the Company’s long-term development ambitions, enhance buyer comfort and strengthen its capability to ship worth to contributors and retirees.
VG Pensions additionally acknowledged the essential function of the National Pension Commission (PenCom) in strengthening the Nigerian pension business by efficient regulation, coverage reforms and initiatives aimed toward increasing pension protection, selling confidence within the pension system and enhancing service supply.
As the Company builds on its 2025 monetary efficiency, it stays centered on sustainable enterprise development, stronger buyer relationships, operational excellence and the supply of remarkable pension administration companies that assist contributors in securing their monetary futures.
