LAGOS — Zichis Agro-Allied Industries Plc has released its audited financial statements for the year ended December 31, 2025, revealing a staggering 420.8% increase in pre-tax profit.
Despite a challenging macroeconomic environment characterized by high inflation and currency pressures, the company’s profit before tax skyrocketed to ₦364.21 million, up from ₦69.93 million in 2024.
To celebrate this milestone, the Board of Directors has proposed a “double reward” for shareholders: a 20 kobo per share cash dividend and a one-for-one (1-for-1) bonus issue.
Financial Highlights: The 2025 Explosion
Zichis’ growth was driven by a broad-based expansion across its agricultural segments, with total revenue jumping 133.8%.
| Metric | FY 2025 | FY 2024 | Change (%) |
| Revenue | ₦675.6 Million | ₦288.9 Million | +133.8% |
| Gross Profit | ₦462.8 Million | ₦135.5 Million | +241.5% |
| Pre-tax Profit | ₦364.2 Million | ₦69.9 Million | +420.8% |
| Profit After Tax | ₦208.1 Million | ₦26.7 Million | +678.9% |
| Earnings Per Share | 55 Kobo | 9.45 Kobo | +482.0% |
Segment Performance: Eggs and Palm Leads the Way
The company’s “organically integrated” model proved resilient, with diversified income streams providing a buffer against sector-specific shocks.
- Egg Sales: The top contributor at ₦226.7 million, representing the core of the business despite rising feed costs.
- Palm Produce: Added ₦182.7 million to the top line, as the company begins to harvest the long-term benefits of its plantation investments.
- Chicken & Feed Mill: Contributed ₦121.4 million and ₦108.7 million respectively.
- Fish Sales: Generated ₦35.8 million.
Shareholder Rewards: The “1-for-1” Bonus Boost
The proposed corporate actions are designed to improve market liquidity and reward those who have held the stock since its listing.
- 20 Kobo Cash Dividend: A significant payout for a small-cap stock, signaling strong cash flow.
- 1-for-1 Bonus Issue: One new share for every existing share held as of March 17, 2026. This will double the number of shares in circulation once approved at the AGM.
Stock Performance Context
The results come at a time of extreme price volatility for Zichis. After listing at ₦1.81 per share, the stock hit over ₦17 in February 2026—a month-to-date return of 314% and a year-to-date return exceeding 855%.
Note: The shares were recently under NGX investigation/suspension to address liquidity and price movement concerns.
Zichis Agro-Allied
Zichis Agro-Allied is quickly becoming the “poster child” for profitable Nigerian agribusiness. By growing its revenue by 134% and its net profit by nearly 680%, the company has proven that it can scale through prudent administrative management and strategic product diversification.
For investors, the March 17 qualification date for the 1-for-1 bonus is now the most critical date on the calendar.
