Shares of Zichis Agro Allied Industries Plc are experiencing sturdy market exercise, with bids totalling 280 million items lined up at N2.88, following a 44.75% achieve in the course of the inventory’s first week.
The surge comes after the itemizing of 600 million items on the Progress Board of the Nigerian Trade (NGX), marking the corporate’s formal entry into the equities market on 20 January 2026.
Since itemizing, the inventory has surpassed its preliminary value of N1.81 per share, breaking N2.00 the next day and reaching N2.62 on 23 January 2026.
Analysts word that the worth may probably surpass the bid stack round N2.88 if sellers settle for extra affords, representing a potential upside of greater than 60% post-listing.
What the info is saying
Market order knowledge exhibits that bid portions on the N2.88 share value vary from 25,129,631 to 1,000,000 items.
- As of early buying and selling on 26 January 2026, month-to-month quantity surpassed 188 million shares, with excessive bids reflecting sturdy investor curiosity, set to rise additional as orders are executed.
- The upward motion of the inventory, from its itemizing value of N1.81 to N2.88 in early buying and selling, additional highlights the energy of shopping for curiosity.
Zichis Agro Allied recorded its highest each day surge of 9.63% on 22 January 2026 and achieved a weekly achieve of 44.75% for the week ended 23 January 2026, rating fourth on the weekly advancers desk.
These traits counsel restricted draw back and regular demand for the corporate’s shares, a minimum of within the brief time period, doubtless supported by Zichis Agro Allied’s nine-month financials.
For the 9 months ended 30 September 2025, the corporate reported income of N464.1 million, a 122% improve from N209.2 million in the identical interval of 2024.
Monetary perception
A cursory have a look at Zichis Agro Allied’s financials exhibits that egg gross sales contributed the biggest share of income at N176.2 million, adopted by palm oil merchandise at N102.3 million.
- Feed mill product gross sales stood at N88.6 million, whereas hen and fish gross sales amounted to N71.2 million and N25.6 million, respectively.
Regardless of a 67.35% improve in the price of gross sales to N212.8 million, the corporate recorded a gross revenue of N251.3 million.
- Administrative bills rose 30% to N50.3 million, pushed primarily by depreciation and staff-related prices.
- However rising prices, revenue earlier than tax surged to N201.04 million, up 364% year-on-year, whereas earnings per share elevated to N0.28 from N0.06.
On the stability sheet, complete belongings reached N1.06 billion, up 22% from N871.2 million in the identical interval the earlier yr, with property, plant, and tools accounting for 66.1% of complete belongings.
Complete shareholders’ fairness rose to N1.01 billion from N851.5 million, with income reserves of N233.9 million, whereas complete liabilities elevated to N1.06 billion from N871.2 million.
What to know
Zichis Agro Allied Industries Plc was integrated on 12 April 2012 as Zichis Farms Restricted and have become a public firm in Could 2024, adopting its present identify.
- In July 2025, the SEC accepted the corporate for public buying and selling, resulting in its admission to the NGX Progress Board.
- The corporate operates as an built-in agro-industrial enterprise, concerned in oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed manufacturing, in addition to maize and different money crop farming.
Any short-term pullbacks after the current shopping for rally may current alternatives for additional good points within the inventory.
