Zichis Agros Allied Industries Plc has listed on the Nigerian Exchange Limited (NGX), expanding its footprint at a time when investors are paying attention to sustainable and resilient agribusiness stocks.
The listing of 600 million ordinary shares at N1.81 per share on January 20, 2026, marked a significant milestone for the Ogun-based firm. Beyond the market buzz, here are seven things to know about Zichis Agro Allied.
Strong margins in a lean sector
Zichis is posting strong profitability in a sector associated with thin margins and volatile earnings. A 2023 year-end turnover of N132 million rose 119 percent to N289 million in 2024. Net profit also jumped around 20 percent from N16.8 million to N56.7 million. The recent listing on the NGX suggests sustained momentum.
Strategic backward integration drives cost control
A central pillar of Zichis’ strategy is backward integration, especially in animal feed production. The company operates its own feed mill across poultry, aquaculture, crop farming, and the animal feed value chain. The company is now expanding capacity from two tonnes to five tonnes per hour. This has boosted its margins by reducing exposure to the volatile poultry feed market, one of the industry’s biggest cost pressures.
Diversity limits commodity risk
Zichis structured its operations across poultry, oil palm, and aquaculture rather than relying on a single line of business. Poultry remains the largest revenue contributor, generating about N176.2 million in recent reporting, while oil palm and catfish farming across 22 ponds, with plans to scale to 50, provide additional income streams. This diversification acts as a shield against price swings.
Read also: Zichis Agro Allied Industries lists on NGX Growth Board
Conservative strategy that attracts investors
Zichis operates with minimal debt, with reported shareholders’ funds of over N1 billion as of late 2025. This conservative structure has attracted investors and given the company flexibility to raise debt at competitive rates when needed.
Ambitious but defined scaling plans
In a “Facts Behind the Listing” presentation, Hezekiah Oshaba, chairman of Zichis Agro Allied Industries Plc, said: “Our listing on the NGX Growth Board reflects our commitment to building a scalable and integrated agro-allied business that contributes to food security and economic development.” There are to expand poultry operations from 20,000 birds to 100,000 birds by the end of 2026, a scale management the company estimates could generate over N500 million in monthly revenue. The company also intends to expand its oil palm estate from 61 acres to 1,000 hectares by 2030.
Early commitment to shareholder returns
Zichis has developed a shareholder-friendly approach. Ahead of listing, it declared a 5 kobo dividend for the 2024 financial year, amounting to roughly N30 million. Shareholders were given the option of receiving the payout in cash or as scrip shares, with the company emphasising the importance of transparency and long-term investor relations.
Commitment to shareholder value
The Ogun-based agro-allied enterprise’s proximity to Lagos, Nigeria’s largest consumer market, offers logistical and market-access advantages. Antonia Chinyere Akabusi leads the company as managing director and CEO, and Hezekiah Oshaba as chairman. Under its ‘Vision 2030’ strategy, the leadership plans to move beyond farming into value-added processing, including a palm oil refinery scheduled to begin operations by 2026.