Zichis Agro-Allied Industries Plc has announced its audited financial results for the year ended December 31, 2025, showcasing a substantial turnaround in profitability. The company reported a pre-tax profit of N364.21 million, a 420.8% increase compared to the N69.93 million recorded in 2024. This impressive performance was primarily driven by a strong expansion in revenue during the period.
The company's full-year revenue surged to N675.6 million, a considerable leap from the N288.9 million reported in the prior year. Key contributors to this revenue growth included egg sales, which generated N226.7 million, and palm produce, which contributed N182.7 million.
Earnings per share also saw a significant rise, climbing to 55 kobo from 9.45 kobo. In light of these positive results, the board has proposed a dividend of 20 kobo per share and a one-for-one bonus issue for shareholders on record as of March 17, 2026. It's important to note that this proposed dividend and bonus issue are subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
The substantial earnings performance was fueled by broad-based revenue growth across its major operating segments, with total revenue increasing by 133.79% to N675.6 million in 2025.
The cost of sales also increased, reaching N212.81 million from N153.46 million. Egg-related costs accounted for 52.68% of this figure. Despite the increase in cost of sales, the company's gross profit rose significantly to N462.8 million from N135.5 million previously reported.
Administrative expenses saw a 50.35% increase, rising to N93.19 million, while directors’ remuneration increased to N5.4 million, culminating in the reported profit before tax of N364.2 million.
The company's balance sheet reflects this growth, with total assets expanding to N1.22 billion. Property, plant, and equipment, valued at N741.3 million, constitute the largest portion of these assets.
At the time the results were published, Zichis Agro-Allied Industries' shares were under suspension due to an ongoing investigation by the NGX (Nigerian Exchange Limited). Consequently, there was no immediate trading reaction to the announcement. However, as of February, the stock is priced above N17 per share, representing a month-to-date increase of over 314% and pushing its year-to-date return beyond 855% from its N1.81 listing price.
