By Seun Ibiyemi
The management of Zichis Agro-Allied Industries Plc has proposed a 20 kobo dividend and a one-for-one bonus issue for shareholders amid impressive 2025 financial year result and accounts.
The reward to shareholders came days after the management of the Nigerian Exchange Limited (NGX) suspended trading of the company’s shares.
The dividend and bonus reward is estimated at N120 million in 2025 finacial year, about 300 per cent increase over N30 million in 2024 financial year.
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The company announced its audited financial results 2025, showcasing a substantial turnaround in profitability. The company reported a pre-tax profit of N364.21 million in 2025, a 420.8per cent increase compared to the N69.93 million recorded in 2024.
This impressive performance was primarily driven by a strong expansion in revenue during the period.
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.
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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.
At the time the results were published, Zichis shares were under suspension due to an ongoing investigation by the Exchange .
Consequently, there was no immediate trading reaction to the announcement. However, as of February, the stock is priced above N17 per share, representing a month-to-date increase of over 314per cent and pushing its year-to-date return beyond 855per cent from its N1.81 listing price.
The suspension, effective February 23, 2026, was triggered by an extraordinary 772.36 percent price surge within a month of the company’s listing on the Growth Board.
The company was listed on the NGX Growth Board on January 20. The company listed with 600 million shares at N1.81 per share. The share price stood at N17.36 on February 20 before its suspension, rising by 772.36 per cent year-to-date.
Listing by introduction means the company did not issue new shares to the public to raise capital at the time of listing; instead, its existing shares were admitted to the daily official list of the Exchange. Its initial market capitalisation was N1.086billion, but it rose to N10.42billion after one month of listing.
In a notice to Trading License Holders and the investing public, the NGX cited Rule 7.0 of the Rules on Suspension of Trading in Listed Securities. The exchange stated that the suspension is necessary to maintain market integrity and is in the “interest of the investing public and in accordance with SEC Rules.
The Exchange confirmed that the freeze on Zichis shares will remain in place until the conclusion of a formal investigation into the recent trading activities of the company.
While regulators investigate potential market manipulation and liquidity concerns, the company is moving forward with its dividend payout plan, signalling a commitment to rewarding investors despite the ongoing regulatory review.
“A Final Dividend of 20 kobo per 50 kobo ordinary share, subject to withholding tax, and on approval will be paid to shareholders whose name appear in the share register of members as at the close of business on March 16, 2026,” the company said in its corporate announcement on March 2, noting the dividend is for the period ended December 31, 2025.
Also, Zichis Agro-Allied Industries Plc proposes bonus shares in the ratio of one (1) new share for every one (1) existing share held by shareholders whose names appear in the Register of Members at the close of business on March 16, 2026, “subject to the approval of the shareholders at the annual general meeting”.
“The Register of Shareholders will be closed from March 17 to March 20, 2026. On April 29, 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at March 16, 2026 and who have completed e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts,” the company said on Monday.
Since its debut, the stock has experienced extraordinary volatility. The company is an Ogun State-based integrated agribusiness. Its operations cover several areas of the agricultural value chain, including: Poultry & Fish Farming – Large scale egg production and aquaculture; Oil Palm – Plantation management and processing; and Animal Feed – Manufacturing and supply via its own feed mills.
