RSM Cyprus, one of the leading providers of audit and assurance, tax, and consulting services, reported a 7.9% increase in annual revenue for 2024 compared to 2023. The highest growth was recorded in the firm's tax services, which surged by 19.3%, while audit and assurance services saw a 7.1% increase.

The firm’s strong performance aligns with RSM’s broader regional growth. Across Europe, the implementation of seven strategic acquisitions, coupled with rising demand for these services, led to an 8% increase in overall revenue across all service lines.

Commenting on the results, George Themistocleous, Managing Partner and CEO of RSM Cyprus, stated: “We are very proud to have achieved revenue growth for the fourth consecutive year. This underscores our commitment and ongoing efforts to deliver high-quality services to our clients. As members of the global RSM network, we leverage international expertise and best practices to ensure seamless, high-quality, and tailored services. The current market challenges, including economic uncertainty, regulatory and legislative changes, increasing ESG and sustainability demands, and talent acquisition, require continuous innovation, adaptation, and monitoring of market trends and new technologies. Our goal is to provide personalized solutions that meet modern business needs while also supporting initiatives that positively impact society and promote sustainable development.”

Globally, RSM reported total revenue of $10 billion for the 12 months ending December 2024, marking a 6% year-on-year increase. This milestone makes RSM the sixth global network in audit, assurance, tax, and consulting services to exceed $10 billion in total revenue.

Audit and assurance services revenue grew by 15% to $3.2 billion, while tax services revenue increased by 11%, reaching $2.9 billion. This marks the second consecutive year of double-digit growth in tax services. Meanwhile, consulting services revenue remained stable at $3.9 billion, demonstrating the firm’s strength in this sector for the third consecutive year.

E.J. Nedder, CEO of RSM International, commented: “Our total revenue reflects the significant value our members bring to a key segment of the global economy while supporting the vision of our global strategy, RSM 2030. Our seamless and specialized cross-border solutions empower businesses to navigate challenges and seize opportunities with confidence.

This year’s results highlight the resilience of both our clients and members amid challenges. In 2025, we are committed to further enhancing the RSM experience, helping our clients and professionals unlock their potential and lead the changes ahead.”