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The Nigerian Exchange Limited (NGX) has finally admitted Zichis Agro-allied Industries Plc’s 600 million ordinary shares by introduction on the Growth Board, marking its formal entry into the public stock market.
Speaking at the company’s “Fact Behind the Listings”, in Lagos the Board Chairman, Zichis Agro-allied Industries, Mr. Hezekiah Oshaba stated that the company has seen great opportunities in-line with a huge population, among other factors to revamp its entire system in a move to become a market leader in the Agro-allied industries.
“We are organically growing and remain focused on our strategic growth plan. Our third quarter performance of 2025 with revenue of over N464.5 million and profit after tax of N166 million compared to 2024 and previous years, is an indication of its fast growing industry with so much potential to further increase its market share in the agriculture sector,” he said.
He stated that shareholders in 2024 financial year smile home with robust dividend and poised to enjoy the same dividend payout in first quarter of 202
He noted that the company on the Growth board of NGX would gear the management towards expansion and discipline the company in doing business the right way amid enhancing shareholders value and increasing indigenous growth in the country.
The Managing Director, Zichis Agro-allied Industries, Mrs. Anthonia Akabusi revealed that the company started with an 18-hectare oil palm plantation and has expanded to about 61 acres with plans to reach 1,000 hectares by 2030.
According to her, the company currently runs poultry operations of 20,000 layers, 20,000 growers, 22 fish ponds and it is upgrading its feed mill from two to five tons per hour, amid an objective to expand for commercial purposes.
She noted that the company’s vision is to lead the agriculture industry by advancing sustainable, climate-smart farming and setting the standard for quality, innovation, and responsible production.
“At Zichis Agro-allied Industries, we transform agriculture production by adopting sustainable farming practices, deploying innovation technologies, and promoting value-added processing. Our mission is to strengthen food security, deliver high quality agriculture products, and minimize environmental impact while contributing to inclusive economic growth,” she said.
Speaking earlier, INGX’s CEO, Mr. Jude Chiemeka congratulated the management of Zichis Agro-allied Industries for taking a bold step to list on the bourse.
He noted that the role the Agro-allied company plays in the ecosystem cannot be overemphasized in creating employment, food security and conservation of foreign exchange.
The Agriculture sector tends to be contributing 26 per cent into Nigeria’s Gross Domestic Product (GDP) and the government is serious about its development,” he said.
He expressed that the Growth Board on the NGX with a market cap of N5 billion are promoted to other boards once they meet market compliance, among others.
He urged the management of Zichis Agro-allied industries to make use of other tools to stay afloat of market development.
Zichis Agro Allied Industries was incorporated on 12 April 2012 as Zichis Farms Limited and transitioned into a public company in May 2024, adopting its current name.
In July 2025, the SEC approved the company for public trading, paving the way for its admission to the NGX Growth Board.
The company is an integrated agro-industrial business, engaged in oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed production, maize, and cash crop farming.
As of September 2025, total assets stood at N1.06 billion, up 22per cent, while total equity increased to N1.01 billion from N851.5 million, with revenue reserves at N233.9 million. Current liabilities rose to N1.06 billion from N871.2 million in 2024.
