Zichis Agro Allied Industries Plc has listed 600 million ordinary shares by introduction on the Growth Board of the Nigerian Exchange (NGX), formally marking its entry into Nigeria’s public equities market.
The listing became effective on January 20, 2026, following approval by the Securities and Exchange Commission (SEC) and admission by the NGX. The shares were listed at N1.81 per share, valuing the company at approximately N1.19 billion.
Qualinvest Capital Limited acted as Lead Issuing House, while Anchoria Investment and Securities Limited served as Lead Stockbroker.
Trading under the ticker ZICHIS, the stock recorded 69.6 million shares traded before the close of the first trading session, with the price rising to N1.99 per share, placing it among the most actively traded equities on the day.
Financial performance snapshot
According to the company, the listing is expected to improve share liquidity and enhance access to capital from both local and international investors to support expansion plans.
For the nine months ended September 30, 2025, Zichis Agro reported revenue of N464.1 million, representing a 122% year-on-year increase from N209.2 million recorded in the same period of 2024.
Revenue breakdown shows:
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Egg sales contributed N176.2 million
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Palm oil products generated N102.3 million
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Feed mill products accounted for N88.6 million
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Chicken and fish sales stood at N71.2 million and N25.6 million, respectively
Despite a 67.35% increase in cost of sales to N212.8 million, the company posted a gross profit of N251.3 million. Administrative expenses rose by 30% to N50.3 million, largely due to higher depreciation and staff-related costs.
Profit before tax surged to N201.04 million, up 364% year-on-year, while earnings per share increased to N0.28 from N0.06.
Company background
Zichis Agro Allied Industries Plc was incorporated on April 12, 2012 as Zichis Farms Limited and converted to a public company in May 2024, adopting its current name. In July 2025, the SEC approved the company for public trading, clearing the path for its NGX Growth Board listing.
The company operates as an integrated agro-industrial business with interests spanning oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed production, maize cultivation, and cash crop farming.
As of September 2025, total assets stood at N1.06 billion, representing a 22% increase, while shareholders’ equity rose to N1.01 billion from N851.5 million a year earlier. Revenue reserves amounted to N233.9 million, while current liabilities increased to N1.06 billion from N871.2 million in 2024.
The board is chaired by Hezekiah Chinyere Oshaba, with Antonia Chinyere Akabusi serving as Managing Director and Chief Executive Officer.
What this means for investors
The listing improves the tradability of Zichis Agro’s shares and provides a platform for future capital raising. With strong recent revenue growth and profitability, the company is positioning itself to attract investor interest within the NGX Growth Board segment.
At the listing ceremony, Chairman Hezekiah Chinyere Oshaba described the move as “a sign of good things to come for investors,” while MD/CEO Antonia Chinyere Akabusi reaffirmed the company’s commitment to accountability, transparency, and long-term shareholder value.
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
