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Trading in Zichis Agro-Allied Industries Plc shares has resumed on the Nigerian Exchange (NGX) after a month-long suspension.
The NGX Regulation Limited (NGX RegCo) lifted the suspension effective Monday, March 23, 2026, following a concluded investigation into the company’s trading activities and implementation of corrective measures to safeguard market integrity.
The suspension was initially imposed on February 23, 2026, due to “extraordinary price movements” in Zichis’ shares, which surged 859% within a month of listing on the NGX Growth Board.
The company’s shares are now trading at N9.43, with a 9.91% increase.
Zichis Agro-Allied Industries had announced plans to reward shareholders with a one-for-one bonus share and a proposed final dividend of 20 kobo per ordinary share, despite the trading suspension.
It would be recall, that the company’s full-year revenue surged to N675.6 million, a considerable leap from the N288.9 million reported in the prior year. Key contributors to this revenue growth included egg sales, which generated N226.7 million, and palm produce, which contributed N182.7 million.
Earnings per share also saw a significant rise, climbing to 55 kobo from 9.45 kobo.
The substantial earnings performance was fueled by broad-based revenue growth across its major operating segments, with total revenue increasing by 133.79% to N675.6 million in 2025.
The cost of sales also increased, reaching N212.81 million from N153.46 million. Egg-related costs accounted for 52.68per cent of this figure. Despite the increase in cost of sales, the company’s gross profit rose significantly to N462.8 million from N135.5 million previously reported.
The company’s balance sheet reflects this growth, with total assets expanding to N1.22 billion. Property, plant, and equipment, valued at N741.3 million, constitute the largest portion of these assets.
Recently, the Managing Director, Zichis Agro-allied Industries, Mrs. Anthonia Akabusi stated that the company in 2026 aimed to expand its feedmill , and acquire 2000 acres of land for oil palm plantation in Ogun State.
Executive Director, Finance & Strategy, Zichis Agro-allied Industries, Mr. Chris Ogbaisi expressed that the company has commenced its 2026 execution plans.
“Zichis feedmilling plant, which is one of our cash cow has been increased to five tonnes per hour and we are estimating 600 tonnes in a monthly basis. We are hoping it is commissioned in the next two weeks in March 2026.
“Our layers have increased to 25,000 and by second quarter (Q2) 2026, we plan to increase it to 50,000 layers with a capacity of 80 per cent production.
“We have increased our feedmilling from two tonnes to five tonnes per hour and 61 acres oil palm plantation operating optimally. We have increased our raw materials and Zichis’s 2000 acres of land for palm plantation expected to drive revenue,” he added.
