Zichis Agro-Allied Industries Plc has 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 by 364 per cent to N201.0m, from N43.4m a year earlier, while profit after tax grew by 299 per cent to N166.5m, up from N34.7m in the previous year.
In the period under review, earnings per share increased significantly by 367 per cent to 28 kobo, compared with six kobo in the prior period, reflecting the strong improvement in profitability.
The company’s shareholders’ funds also rose by 19 per cent to N1.01bn from N851.6m as at the end of September 2024, underscoring a strengthened balance sheet position.
The PUNCH reported that Zichis Agro-allied Industries Plc has announced plans to list shares valued at N1.09bn on the Nigerian Exchange Limited through a listing by introduction on the Growth Board. The company plans to list 600 million ordinary shares of 50 kobo each at N1.81 per share, translating to a market value of N1.09bn. The planned listing follows a board meeting held in Lagos with capital market regulators, financial advisers and shareholders.
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