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Zichis Agro Allied Industries Plc has taken a major step in its growth journey with the listing of 600 million ordinary shares on the Growth Board of the Nigerian Exchange (NGX), positioning the company for improved access to capital and accelerated expansion across Nigeria’s agricultural value chain.
The listing, which took effect on Tuesday, January 20, 2026, followed regulatory approvals from the Securities and Exchange Commission (SEC) and the NGX. The admission ceremony was led by the Chief Executive Officer of NGX, Jude Chiemeka.
Priced at ₦1.81 per share, the listing values the agribusiness firm at approximately ₦1.19 billion. Qualinvest Capital Limited acted as the Lead Issuing House for the transaction, while Anchoria Investment and Securities Limited served as Lead Stockbroker.
Trading under the ticker ZICHIS, the stock enjoyed strong market participation on its first day, with 69.6 million shares traded. The share price appreciated to ₦1.99 at the close of trading, placing Zichis Agro among the most actively traded equities on the exchange.
The company noted that the NGX listing is expected to enhance liquidity and attract a wider pool of domestic and international investors, providing long-term funding support for its operations.
Financially, Zichis Agro recorded strong performance for the nine months ended September 30, 2025, posting revenue of ₦464.1 million, a 122 per cent increase from ₦209.2 million in the corresponding period of 2024. Egg production emerged as the largest revenue contributor at ₦176.2 million, followed by palm oil products at ₦102.3 million. Feed mill products generated ₦88.6 million, while chicken and fish sales contributed ₦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 achieved a gross profit of ₦251.3 million, reflecting improved operational efficiency. Profit before tax surged by 364 per cent to ₦201.04 million, while earnings per share rose to ₦0.28 from ₦0.06 a year earlier.
The company said the NGX listing marks a strategic milestone that will support operational scale-up and strengthen its footprint across key agricultural segments, including poultry, feed milling, palm oil processing, and aquaculture. By joining the Growth Board, Zichis Agro aims to deepen transparency, improve corporate governance, and position itself for sustainable long-term growth. Management noted that the expanded platform will also enable the company to build stronger partnerships within the agricultural ecosystem, particularly with smallholder farmers, distributors, and agribusiness operators who form an integral part of its supply chain. The listing is expected to support efficiency improvements, technology adoption, and capacity expansion across its production units. Zichis Agro added that its growth strategy remains focused on meeting rising domestic demand for food products while contributing to food security and job creation. The company plans to leverage its strengthened market presence to enhance product quality, streamline operations, and reinforce its commitment to responsible and inclusive agribusiness practices.
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