Zichis Agro Allied Industries Plc has released its Nine Months Unaudited Financial Results for the period ended 30 September 2025, recording a profit after tax of ₦166.5 million, representing a 299% increase from ₦34.7 million reported in the corresponding period of 2024.
Profit before tax rose sharply to ₦201.04 million, reflecting a 364% increase from ₦43.63 million in the prior year period, underscoring improved operational efficiency and scale across the Company’s integrated agribusiness operations.
Total revenue from contracts with customers increased to ₦464.2 million in the nine months ended September 2025, up 122% from ₦209.2 million recorded in the same period of 2024. Revenue growth was driven primarily by strong performance across eggs, palm oil produce, poultry, fish farming, and feed milling.
A breakdown of revenue performance shows:
- Palm oil produce: ₦102.35 million, up 617.2% from ₦14.27 million
- Egg sales: ₦176.25 million, representing a 47.7% increase from ₦119.3 million
- Chicken sales: ₦71.25 million, reflecting 189% growth from ₦24.65 million
- Fish farming: ₦25.68 million, up 56.8% from ₦16.48 million
- Feed mill products: ₦88.67 million, a 157% increase from ₦34.51 million
As at 30 September 2025, total assets stood at ₦1.06 billion, representing a 22.03% increase from ₦871.25 million as at December 2024. This growth was supported by higher current assets of ₦360.31 million, up from ₦155.6 million in 2024, reflecting expanded operational activity.
Shareholders’ funds increased to ₦1.01 billion, representing a 19% growth from ₦852 million recorded in the previous year, further reinforcing the Company’s strong capital base.
In July 2025, the Securities and Exchange Commission (SEC) approved the Company for public trading, paving the way for its admission to the Nigerian Exchange (NGX) Growth Board.
In early January 2026, NGX admitted 600 million ordinary shares of Zichis Agro Allied Industries Plc by way of listing by introduction, marking the Company’s formal entry into the public equities market.
Speaking to the capital market community during the Company’s listing, the Board Chairman, Mr. Hezekiah Oshaba, highlighted the growth opportunities within Nigeria’s agribusiness sector and the Company’s strategic focus.
“We are organically growing and remain focused on our strategic growth plan. Our third quarter performance of 2025, with revenue of over ₦464.5 million and profit after tax of ₦166 million, compared to previous years, reflects the strong potential of the agribusiness sector and our capacity to increase market share,” he said.
He further noted that listing on the NGX Growth Board would strengthen governance, discipline execution, and support expansion while enhancing shareholder value.
The Managing Director, Mrs. Anthonia Akabusi, reiterated the Company’s long-term vision:
“At Zichis Agro Allied Industries, we transform agricultural production by adopting sustainable farming practices, deploying innovative technologies, and promoting value-added processing. Our mission is to strengthen food security, deliver high-quality agricultural products, and minimise environmental impact while contributing to inclusive economic growth.”
Zichis Agro Allied Industries Plc operates an integrated agro-industrial business spanning oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed production, maize, and cash crop cultivation.
The Company commenced operations in 2020 with an 18-acre oil palm plantation in Ijebu-Itele, near Ijebu-Ode, Ogun State. It currently operates 61 acres of oil palm plantation, with 30 acres already fruiting since 2024 and the remaining 31 acres expected to mature by 2026. The Company plans to expand its oil palm estate to 1,000 acres by 2030.
Poultry operations comprise 20,000 growers and 20,000 layers, while aquaculture activities include 22 large earthen ponds stocked with over 2,000 fish per pond. The Company’s feed mill currently operates at 2 tons per hour, with an ongoing upgrade to 5 tons per hour, equivalent to a monthly capacity of 1,040 tons, to meet growing internal and external demand.
These nine-month results reflect Zichis Agro Allied Industries Plc’s continued execution of its growth strategy, improving financial performance, and strengthening operational scale as a publicly listed agribusiness on the Nigerian Exchange.
Stakeholders are encouraged to review the full Nine Months Unaudited Financial Results and Company Performance and Business Development Report for comprehensive details on the Company’s financial performance, operations, and growth outlook.
Download the Company Performance and Business Development Report (PDF)