Zichis Agro Allied Industries Plc has officially joined Nigeria’s stock market with the listing of 600 million ordinary shares by introduction on the Growth Board of the Nigerian Exchange, a move aimed at improving capital access and supporting the company’s expansion across the agricultural value chain.
The listing took effect on Tuesday, January 20, 2026, following regulatory approvals from the Securities and Exchange Commission and the Nigerian Exchange. The admission was carried out under the leadership of the NGX Chief Executive Officer, Jude Chiemeka.
Priced at ₦1.81 per share, the listing places the company’s market valuation at about ₦1.19 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 strong activity on its first day on the exchange, with 69.6 million shares traded before market close. The share price appreciated to ₦1.99, positioning Zichis Agro among the most actively traded equities of the day.
The company said the NGX listing is expected to enhance liquidity and attract a broader pool of local and international investors, providing long-term funding support for its agribusiness operations.
For the nine months ended September 30, 2025, Zichis Agro reported revenue of ₦464.1 million, representing a 122 per cent year-on-year increase from ₦209.2 million recorded in the corresponding period of 2024. Egg production remained the largest contributor to revenue at ₦176.2 million, followed by palm oil products, which generated ₦102.3 million. Feed mill products accounted for ₦88.6 million, while chicken and fish sales contributed ₦71.2 million and ₦25.6 million, respectively.
Although cost of sales rose by 67.35 per cent to ₦212.8 million, the company posted a gross profit of ₦251.3 million, reflecting improved scale and operational efficiency. Administrative expenses increased by 30 per cent to ₦50.3 million, driven largely by higher depreciation and staff-related costs.
Profit before tax climbed sharply to ₦201.04 million, marking a 364 per cent year-on-year increase, while earnings per share rose to ₦0.28 from ₦0.06 in the previous year.
Zichis Agro was originally incorporated as Zichis Farms Limited in April 2012 before transitioning to a public limited company in May 2024 and adopting its current name. Approval to trade its shares publicly was granted by the SEC in July 2025, clearing the path for its admission to the Nigerian Exchange.
The company operates an integrated agro-industrial model covering 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, representing a 22 per cent increase, while total equity rose to ₦1.01 billion. Revenue reserves grew to ₦233.9 million, reflecting sustained retained earnings.
Speaking at the listing ceremony, the company’s chairman described the development as a positive signal for investors, while the managing director and chief executive officer pledged continued accountability, transparency and a commitment to delivering long-term shareholder value.
