Zichis Agro Allied Industries Plc has listed 600 million peculiar shares by introduction on the Development Board of the Nigerian Alternate (NGX), marking its formal entry into the general public equities market.
The itemizing took impact on 20 January 2026, following approval by the Securities and Alternate Fee (SEC) and admission by the Nigerian Alternate underneath the management of its administration and board.
Priced at N1.81 per share, the itemizing values the corporate at roughly N1.19 billion, with Qualinvest Capital Restricted serving as Lead Issuing Home and Anchoria Funding and Securities Restricted as Lead Stockbroker.
Buying and selling underneath the ticker ZICHIS, the inventory recorded 69.6 million shares traded earlier than the closing gong, with the worth rising to N1.99 per share, rating among the many day’s most lively equities.
In keeping with the corporate, itemizing its shares will make investing extra liquid; whereas serving to it increase funds from native and worldwide traders to assist future progress.
For the 9 months ended 30 September 2025, Zichis Agro reported income of N464.1 million, representing a 122% year-on-year enhance from N209.2 million within the corresponding interval of 2024.
Regardless of a 67.35% enhance in the price of gross sales to N212.8 million, the corporate recorded a gross revenue of N251.3 million.
Administrative bills rose by 30% to N50.3 million, pushed primarily by depreciation and staff-related prices.
Zichis Agro Allied Industries Plc was included on 12 April 2012 as Zichis Farms Restricted and transitioned right into a public firm in Might 2024, adopting its present identify.
In July 2025, the SEC authorized the corporate for public buying and selling, paving the way in which for its admission to the NGX Development Board.
The corporate is an built-in agro-industrial enterprise, engaged in oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed manufacturing, maize, and money crop farming.
As of September 2025, complete belongings stood at N1.06 billion, up 22%, whereas complete fairness elevated to N1.01 billion from N851.5 million, with income reserves at N233.9 million. Present liabilities rose to N1.06 billion from N871.2 million in 2024.
The board is chaired by Hezekiah Chinyere Oshaba, with Antonia Chinyere Akabusi serving as Managing Director and Chief Government Officer.
The itemizing permits Zichis Agro to make its shares simpler to commerce and enhance entry to funding.
Its robust {financial} efficiency may entice traders now that it’s listed.
On the itemizing, Chairman Hezekiah Chinyere Oshaba described it as “an indication of excellent issues to come back for traders,” whereas MD/CEO Antonia Chinyere Akabusi pledged accountability, shareholder worth, and transparency.
