From left: Ms. Idu Okeahialam, GMD, Royal Exchange Plc; Chairman Ikeme Osakwe and the company Secretary
BY NKECHI NAECHE-ESEZOBOR—Royal Exchange Plc has accelerated its transition into an asset management-focused business, reporting a 5 percent increase in earned income to N1.7 billion, up from N1.57 billion in 2024, as the company begins to reap the benefits of its completed three-year transformation strategy.
The improved performance also saw profit after tax rise to N851 million, underscoring growing momentum in its restructured operations.
Speaking at the company’s 57th Annual General Meeting held virtually, Chairman Ikeme Osakwe revealed that the Group recorded a profit after tax of N851 million, reflecting improved financial performance.
Osakwe attributed the growth to the successful execution of a three-year transformation strategy, which concluded in 2024 and repositioned the company into an asset management-focused entity.
According to him, the strategic shift has begun to yield measurable results, with stronger financial trends and a more diversified portfolio. He noted that the next phase of the company’s journey will centre on deepening its asset management capabilities while driving growth and profitability across its investee companies.
He added that Royal Exchange aims to leverage its restructured portfolio to deliver long-term value, while evolving beyond its legacy status into a more agile and reliable partner for clients. The company, he said, is focused on building a culture rooted in transparency, disciplined risk-taking, and sustainable growth.
Osakwe also emphasised that the Group’s newly established structure will support its expansion beyond traditional insurance, enabling the development of products tailored to current market realities. He highlighted ongoing investments in talent and strategic partnerships as key to strengthening customer engagement and scaling operations profitably.
He expressed appreciation to the board and management team for their commitment over the past year, noting that their efforts were instrumental to the company’s achievements.
Looking ahead, he reaffirmed the company’s commitment to delivering long-term value and exceeding the expectations of investors.
