Zichis Agro Allied Industries Plc entered the Nigerian equities market with strong fundamentals and clear investor appeal.
As a result, investors responded quickly, driving a sharp rally in the stock’s first trading week.
First, the company listed 600 million shares on the NGX Growth Board on January 20, 2026.
At launch, shares debuted at 1.81 and crossed 2.00 within one trading day.
Zichis Strong Market Debut
By January 23, buyers pushed the price to 2.62 and later lifted it to 2.88.
Consequently, the stock ended the week up 44.75%, ranking among the NGX’s top gainers.
Meanwhile, market depth shows bids totalling about 280 million units at the 2.88 level.
Notably, individual bid sizes range from one million to over 25 million shares.
By early trading on January 26, monthly volume exceeded 188 million shares.
Together, the rapid rise from 1.81 to 2.88 confirms strong and sustained buying interest.
Impressive Financial Performance
Importantly, the company’s recent financial performance supports growing investor confidence.
For the nine months ended September 30, 2025, revenue climbed 122% to 464.1 million.
In comparison, the company recorded 209.2 million during the same period in 2024.
Specifically, egg sales led revenue at 176.2 million, while palm oil products followed at 102.3 million.
In addition, feed mill products generated 88.6 million during the period.
Read Also: Zichis Agro Debuts On NGX With 600 Million Shares At ₦1.81 Each
Meanwhile, chicken and fish sales contributed 71.2 million and 25.6 million respectively.
Despite higher input costs, the company improved profitability over the period.
During the period, cost of sales rose 67.35% to 212.8 million.
Nevertheless, the company delivered gross profit of 251.3 million.
Furthermore, depreciation and staff costs pushed administrative expenses up 30% to 50.3 million.
Even so, profit before tax jumped 364 percent year on year to 201.04 million.
As a result, earnings per share rose to 0.28 from 0.06.
On the balance sheet, total assets expanded 22% to 1.06 billion.
Of this, property, plant and equipment accounted for about two-thirds of total assets.
At the same time, shareholders’ equity increased to 1.01 billion, supported by 233.9 million in reserves.
Growth Outlook
Originally, Zichis incorporated in 2012 as Zichis Farms Limited.
Later, the company became public in May 2024 and secured SEC approval in July 2025.
Today, it operates across palm oil processing, poultry, fish farming, feed production and cash crops.
Looking ahead, analysts believe improving fundamentals could limit downside risk in the near term.
Therefore, any short-term pullbacks may present opportunities as buying interest remains strong.
