Zichis Agro Allied Industries Plc has reported a surge in its financial performance for the 2025 fiscal year, with profit after tax jumping 478 per cent to N328.06m.
The results were presented on Thursday during the company’s third Annual General Meeting held in Abeokuta, Ogun State, where shareholders gathered to review a year of record-breaking growth.
The company’s revenue rose sharply by 134 per cent, moving from N288.99m in 2024 to N675.62m in 2025. This performance was underpinned by a 405 per cent increase in profit before tax, which climbed to N364.21m, reflecting significantly improved operational efficiency.
“The 2025 financial year was a defining moment for our company, especially with our successful listing on the Nigerian Exchange in January 2026, which has strengthened our transparency and long-term value creation,” stated Chairman Hezekiah Adejoh while addressing the shareholders.
“Despite a challenging economic environment marked by inflation and foreign exchange volatility, we delivered strong growth across all key indicators by focusing on production capacity and deeper market penetration,” he added.
To reward investors for this performance, the board received approval for a final dividend of N0.20 per share and a bonus issue of one new share for every existing share. The move is intended to enhance investor value and boost the liquidity of the company’s shares on the NGX.
Beyond the immediate rewards, shareholders endorsed an ambitious 2026 expansion strategy, including a resolution to raise N50bn through a mix of equity and debt. The meeting also approved the acquisition of 2,000 acres of land in Ogun State, valued at N5.5bn, to scale up plantation and processing operations.
“Opportunities within Nigeria’s agricultural sector continue to expand, particularly with the Federal Government’s planned $500m investment to revive the palm oil industry,” Adejoh noted.
“Nigeria currently faces a palm oil supply deficit of over one million tonnes annually, a gap Zichis Agro aims to exploit. We are also positioning to benefit from increased demand for locally produced animal feed following restrictions on poultry imports,” he concluded.
The company also secured authorisation to issue up to N5bn in commercial paper and pursue strategic acquisitions within the agro-industrial space. While expressing cautious optimism for the 2026 financial year, the board maintained that its recent NGX listing provides the necessary platform to access capital and accelerate expansion across the agricultural value chain.
Since its debut, Zichis has been one of the market’s standout performers. By April 2026, it was identified as part of a group of small-cap stocks that delivered a 417 per cent return to investors in just four months, signalling high market confidence in its agro-allied model.
Nigeria currently produces roughly 1.4 million metric tonnes of palm oil annually, while domestic demand exceeds 2.5 million metric tonnes. This structural deficit costs the country between 500m and 600m in foreign exchange every year for imports. Zichis is positioning itself to capture a slice of the Federal Government’s agricultural agenda, which specifically targets reviving the palm oil sub-sector to achieve self-sufficiency.
The firm reported a 122 per cent increase in revenue for the nine months ended 30 September 2025, according to its recently filed unaudited financial statements with the Nigerian Exchange Limited. The company’s revenue from contracts with customers rose to N464.2m in the period under review, compared with N209.2m recorded in the corresponding period of 2024.
Profit before tax surged 364 per cent to N201.0m, from N43.4m a year earlier, while profit after tax grew 299 per cent to N166.5m, up from N34.7m in the previous year.
