Newly listed Zichis Agro-Allied Industries Plc has projected monthly revenue of more than N540 million following the expansion of its animal feed production capacity and agricultural operations.
The Executive Director, Finance and Strategies, Mr. Chris Ogbaisi, disclosed this during a chat with financial journalists on Tuesday, May 19, 2026.
According to Ogbaisi, the company recently upgraded its animal feed mill from an initial production capacity of two tonnes per hour to five tonnes per hour, with operations already underway.
He explained that the expansion forms part of the company’s medium-to-long-term strategy aimed at creating value for shareholders and strengthening the Zichis brand.
Ogbaisi also revealed that the company has commenced clearing a 2,000-acre farm estate to support its expanding agricultural operations and take advantage of the current planting season.
He noted that the expanded farm base would strengthen the supply chain for the company’s animal feed business and support future growth.
The Executive Director stated that the upgraded facility now has the capacity to produce about 1,200 tonnes of animal feed monthly based on 12 operating cycles across 20 working days.
“This key operations upgrade translates to approximately 40,000 bags of animal feed per month, with each bag priced between N13,500 and N14,000,” Ogbaisi said.
“At full production capacity, the operation is expected to generate a projected monthly turnover exceeding N540 million,” he added.
He further explained that the company’s poultry operations and other business divisions would provide additional revenue streams within its diversified agro-industrial portfolio.
According to him, the operational milestones achieved by the company, including the expanded feed mill, poultry operations, and farm expansion project, are expected to improve audited financial performance in 2026 and beyond.
Ogbaisi also confirmed that the Managing Director, Mrs. Anthonia Akabusi, still retains more than 50 per cent ownership in the company despite a recent share sale transaction disclosed to the Nigerian Exchange in compliance with regulatory requirements.
He advised shareholders and prospective investors to disregard misleading social media narratives, insisting that the company’s fundamentals remain strong and continue to improve.
Speaking on the company’s recent shareholders’ approval to raise capital, Ogbaisi declined to provide details pending approval from the Securities and Exchange Commission.
Zichis shares closed at N29.13 on Tuesday, May 19, representing a gain of N2.64 or 10 per cent from the previous closing price of N26.49.
The rebound ended a six-session losing streak that had reduced the stock’s market valuation.
The agro-allied company was listed on the Growth Board of the Nigerian Exchange on January 20, 2026, at a share price of N1.81.
Since listing, the stock has surged significantly, reaching N40.35 on May 12, 2026, representing a gain of more than 1,400 per cent and making it the best-performing stock on the Nigerian Exchange year-to-date.
With 1.2 billion shares outstanding and a market capitalisation of about N35 billion, Zichis currently ranks as the 80th most valuable stock on the exchange.
Despite its relatively small market size, the stock has emerged as one of the most actively traded equities on the Nigerian Exchange in recent months.
Between January 20 and May 19, 2026, a total of 623 million shares valued at N8.52 billion were traded in 27,062 deals.
Meanwhile, the Head of Research at GTI, Mr. Abiodun Ogunniyi, identified Zichis as one of three stocks likely to attract bargain-hunting interest this week following recent profit-taking pressure.
