Zichis Agro-Allied Industries Plc delivered strong Q1 2026 results on the Nigerian Exchange.
The company raised profit before tax to ₦241.4 million, up from ₦30.5 million in 2025.
Zichis Agro Revenue Expansion Drives Performance
Revenue jumped to ₦420.0 million, and this marked a 256% year-on-year increase from ₦118.1 million.
The company drove growth through eggs, feed mill products, and palm oil expansion.
Egg revenue climbed to ₦135.3 million, up from ₦49.3 million in 2025.
Similarly, feed mill products increased to ₦94.1 million from ₦26.4 million.
In addition, palm oil sales surged to ₦92.4 million from ₦11.3 million last year.
Chicken sales also rose to ₦69.8 million as demand improved steadily.
Meanwhile, fish sales increased slightly to ₦28.5 million during the period.
Costs Rise Alongside Output
However, the company pushed cost of sales up by 94% to ₦112.4 million.
It recorded higher input costs across poultry, fish, and feed production.
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Likewise, administrative expenses rose 124% to ₦66.2 million.
The rise came from staff costs, listing fees, and professional services.
For example, salaries and wages increased to ₦11.54 million from ₦3.65 million.
Also, NGX and SEC charges rose to ₦7.81 million during the period.
Furthermore, professional fees reached ₦8.35 million due to listing activities.
Strong Bottom Line Performance
Despite higher costs, the company lifted profit after tax by 819% to ₦228.9 million.
It paid ₦12.6 million in tax and still retained strong earnings.
Additionally, total assets grew to ₦1.46 billion from ₦1.23 billion.
Shareholders’ equity also rose 20% to ₦1.40 billion through retained earnings growth.
Meanwhile, current liabilities increased slightly to ₦63.6 million.
Cash flow from operations improved to ₦150.6 million during the quarter.
However, net cash flow fell to ₦4.63 million.
Cash and bank balances closed at ₦22.1 million.
At the same time, inventories rose 55% to ₦328.13 million.
This increase signalled stronger production but slower stock turnover.
In the market, the company closed at ₦14.19, up 2.2% on April 23, 2026.
Since listing at ₦1.99 in January 2026, the stock has surged over 600%.
Moreover, investors traded over 438 million shares in 10,000 deals.
Finally, Zichis Agro-Allied continues to attract strong investor attention going forward.
