Zichis Agro-Allied Industries Plc has disclosed a major change in its shareholding structure following a strategic transaction finalised on November 3, 2026.
According to an official notification sent to the Nigerian Exchange Limited (NGX) and the investing public, Futureview Asset Management Limited acquired 126,967,213 ordinary shares from Chilla Entertainment Limited.
Following this deal, Futureview Asset Management Limited now holds 10.45 percent of the total issued share capital of Zichis Agro-Allied Industries Plc.
With this acquisition, Futureview Asset Management Limited officially crosses the threshold to become a substantial shareholder in Zichis Agro-Allied Industries Plc.
The company clarified that the transaction involved the transfer of existing shares and did not result in the issuance of new shares. Zichis Agro-Allied Industries reaffirmed its ongoing commitment to market transparency, timely regulatory disclosures, and strict compliance with the rules of the NGX and the Companies and Allied Matters Act (CAMA) 2020.
Zichis debuted on the NGX Growth Board on January 20, 2026, at an initial listing price of N1.81 per share. Year-to-Date (YtD) the equity has experienced aggressive market interest, including a notable post-listing surge earlier in the year.
The stock traded at N17 per share Friday November 6, securing an extraordinary multi-hundred percent capital appreciation year-to-date and positioning it as one of the standout performers on the exchange. The stock had reached a record high of N42.5 per share on May 12, 2026.
Year-to-Date (YtD) capital appreciation translates to a massive surge of over 800 percent (with historical peaks touching even higher points during the year), making it one of the standout performing equities on the exchange. The company’s current market capitalisation expanded from its initial N1.42 billion valuation to roughly N20.4 billion.
Alongside the structural shareholding change involving Futureview Asset Management Limited, Zichis Agro-Allied Industries Plc has put forward a stellar operational and financial performance since its initial listing on the Nigerian Exchange (NGX) Growth Board on January 20, 2026.
According to the company’s unaudited interim financial statements filed with the NGX, Zichis recorded massive triple-digit growth across its core revenue and profitability metrics. Revenue surged by 162.63 percent to N1.22 billion (up from N464.20 million in 9M 2025) – already outperforming the total revenue posted for the entire previous financial year.
Pre-tax profit (PBT) increased by 179.21 percent to N561.32 million (compared to N201.04 million in 9M 2025). Profit After Tax (PAT) grew by 221.98 percent to N536.22 million (from N166.54 million), aided by a lower tax expense. Gross profit rose by 210.7 percent to N781.07 million, with gross margins improving to 64.07 percent (up from 54.16 percent).
Earnings Per Share (EPS) advanced to 47kobo from 28kobo. The company’s growth was heavily supported by strong demand across all product categories -led by egg sales (N394.72 million), feed mill products (N293.93 million), palm oil (N235.53 million), chicken sales (N211.34 million), and fish production (N83.60 million).
Total assets skyrocketed by 719.36 percent year-on-year (YoY) to N8.71 billion, heavily driven by substantial property, plant, and equipment additions (including major land acquisitions), alongside inventory scaling to N988.42 million.