The stock initially drew investor attention after closing January at N4.19, up from its listing price of N1.81. The surge was underpinned by active market participation, particularly in the early weeks following the company’s public debut.
Strong Listing Momentum
On 20 January 2026, Zichis Agro-Allied listed 600 million ordinary shares on the Growth Board of the Nigerian Exchange (NGX), following approval from the Securities and Exchange Commission (SEC). Investor interest propelled the share price past N4 within days of trading, signaling robust demand for the company’s equity.
In February, the share price has continued to climb, rising from around N4 at the start of the month to N10.80 as of the week ended 13 February 2026. This represents a month-to-date gain of 157.76%, highlighting sustained investor confidence.
Trading Activity Insights
Market data show that Zichis’ share price rally has been supported by significant trading volumes. From the listing date to the end of January, over 210 million shares changed hands, with approximately 188 million shares traded in the first week alone.
While trading volumes moderated in February, with just over 33 million shares exchanged month-to-date, the stock has maintained its upward trajectory. Weekly gains have been particularly notable: the week ended 13 February recorded a 60.71% increase, slightly surpassing the 60.38% gain seen the previous week.
These gains have placed Zichis at the top of the NGX weekly advancers’ list, ahead of Union Dicon Salt Plc (60.15%) and Daar Communications Plc (55.26%), extending its winning streak to 19 consecutive positive trading sessions. Analysts note that despite the rapid gains, the stock has yet to see a significant price retracement, which could offer opportunities for dip-buying investors.
Company Overview and Market Performance
Zichis Agro-Allied’s listing followed years of growth and expansion. Incorporated on 12 April 2012 as Zichis Farms Limited, the company transitioned to a public entity in May 2024, adopting its current name. At the time of listing, the 600 million shares priced at N1.81 per share valued the company at about N1.19 billion, with Qualinvest Capital Limited as Lead Issuing House and Anchoria Investment and Securities Limited as Lead Stockbroker.
Since listing, the company’s market capitalization has risen sharply from N1.91 billion to N6.48 billion, reflecting strong investor appetite for its shares.
Business Operations and Financial Highlights
Zichis Agro-Allied is an integrated agro-industrial company with operations spanning oil palm plantations, palm oil and kernel processing, vegetable oil refining, poultry and fish farming, animal feed production, and crop farming.
For the nine months ended 30 September 2025, the company reported revenue of N464.1 million, a 122% increase from N209.2 million in the corresponding period of 2024. Profit before tax rose 364% year-on-year to N201.04 million, while earnings per share climbed to N0.28 from N0.06.
The company’s board is chaired by Hezekiah Chinyere Oshaba, with Antonia Chinyere Akabusi serving as Managing Director and CEO, steering the company through its rapid growth and successful market debut.