Zichis Agro Allied Industries Plc has officially joined Nigeria’s stock market, listing 600 million ordinary shares by introduction on the Growth Board of the Nigerian Exchange (NGX)to strengthen capital access for agribusiness expansion.
The listing took effect on Tuesday, 20th January 2026, following approvals from the Securities and Exchange Commission (SEC) and the Nigerian Exchange, under the leadership of its Chief Executive Officer, Jude Chiemeka.
Priced at ₦1.81 per share, the listing values the company at approximately ₦1.19 billion, with Qualinvest Capital Limited acting as Lead Issuing House and Anchoria Investment and Securities Limited as Lead Stockbroker.
Trading under the ticker ZICHIS, the stock saw strong market activity on its first day, with 69.6 million shares traded before the close.
The share price rose to ₦1.99, placing Zichis Agro among the most actively traded equities of the day.
According to the company, the NGX listing is designed to improve liquidity and attract both local and international investors, supporting long-term expansion across its agricultural value chains.
For the nine months ended 30 September 2025, Zichis Agro reported revenue of ₦464.1 million, a 122 per cent year-on-year increase from ₦209.2 million recorded in the same period of 2024.
Egg production remained the company’s largest revenue driver at ₦176.2 million, followed by palm oil products at ₦102.3 million. Feed mill products contributed ₦88.6 million, while chicken and fish sales generated ₦71.2 million and ₦25.6 million, respectively.
Despite a 67.35 per cent rise in cost of sales to ₦212.8 million, the company recorded a gross profit of ₦251.3 million, reflecting improved operational scale and pricing efficiency.
Administrative expenses increased by 30 per cent to ₦50.3 million, largely due to depreciation and staff-related costs. However, profit before tax surged to ₦201.04 million, representing a 364 per cent year-on-year increase, while earnings per share rose to ₦0.28 from ₦0.06.
Originally incorporated as Zichis Farms Limited in April 2012, the company transitioned into a public limited company in May 2024, adopting its current name.
SEC approval for public trading was granted in July 2025, paving the way for its admission to the NGX.
Zichis Agro operates an integrated agro-industrial model that spans 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 ₦1.06 billion, up 22 per cent, while total equity rose to ₦1.01 billion. Revenue reserves increased to ₦233.9 million, reflecting retained earnings growth.
At the listing ceremony, Chairman Hezekiah Chinyere Oshaba described the milestone as “a sign of good things to come for investors.”
At the same time, Managing Director and Chief Executive Officer Antonia Chinyere Akabusi pledged accountability, transparency, and sustained shareholder value.
Source: Nairametrics
Image Credit: Zichis Agro Plc
