Zichis Agro Allied Industries Plc listed 600 million shares on NGX Growth Board on January 20, 2026.
This followed the Securities and Exchange Commission’s approval, and NGX formally admitted the company.
Zichis Agro Market Debut
Under its board and management’s guidance, the company entered the public market smoothly.
The company priced shares at ₦1.81 each, giving Zichis Agro a market value of about ₦1.19 billion.
Trading under ZICHIS, investors exchanged 69.6 million shares before market close, lifting the price to ₦1.99.
Consequently, the listing makes shares more liquid and attracts both local and international investors.
Strong Financial Growth
For the nine months ending September 2025, revenue surged 122% to ₦464.1 million from ₦209.2 million in 2024.
Egg sales led revenue at ₦176.2 million, while palm oil products added ₦102.3 million.
Feed mill products contributed ₦88.6 million, and chicken and fish added ₦71.2 million and ₦25.6 million.
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Although costs rose to ₦212.8 million, gross profit reached ₦251.3 million, showing strong operational performance.
Administrative expenses increased 30% to ₦50.3 million, driven by staff costs and depreciation.
Profit before tax jumped 364% to ₦201.04 million, while earnings per share rose to ₦0.28.
Vision And Expansion
Founded in 2012 as Zichis Farms Limited, the company became public in May 2024 and changed its name.
Zichis Agro runs palm plantations, poultry and fish farms, feed production, maize, and cash crop cultivation.
By September 2025, total assets grew to ₦1.06 billion, and equity rose to ₦1.01 billion.
Chairman Hezekiah Chinyere Oshaba described the listing as “a sign of good things to come.”
Meanwhile, MD/CEO Antonia Chinyere Akabusi pledged transparency, accountability, and strong shareholder value.
Overall, the listing launches Zichis Agro into a new phase of ambitious growth and expansion.
