Zichis Agro-Allied Industries Plc (NGX: ZICHIS) has proposed a final dividend of 20 kobo per 50 kobo ordinary share and a 1:1 bonus share issue (one new share for every existing share held) for the financial year ended December 31, 2025.
This reflects strong performance and confidence in future growth, as outlined in the company’s 2025 Annual Report & Accounts.
If approved by shareholders at the upcoming 3rd Annual General Meeting (AGM), the dividend will be paid on Monday, May 30, 2026, to members whose names appear on the Register of Members at the close of business on, March 17, 2026.
The virtual AGM is scheduled for Wednesday, April 22, 2026, at 12:00 noon. Shareholders can participate through a link on the company’s website.
The proposal is part of the AGM’s routine business, including presenting the audited financial statements, re-electing retiring directors, re-appointing auditors.
Trading in ZICHIS shares is suspended by NGX from February 23, 2026, due to ongoing investigations into recent unusual price movements.
Investors are advised to exercise caution and stay updated with NGX announcements for when trading resumes.
About the company
Zichis Agro-Allied Industries Plc is an integrated agribusiness company incorporated in 2012 and converted to a public limited company in 2024. The company operates across multiple agricultural value chains, including oil palm farming, poultry production, fish farming, animal feed manufacturing, and crop cultivation.
Its operations began with an 18-hectare oil palm plantation and have expanded to approximately 61 acres (25 hectares). Zichis Agro has also outlined a long-term expansion plan to scale its farmland to 1,000 hectares by 2030 in line with Nigeria’s growing food and agribusiness demand.
Currently, the company runs poultry facilities with 20,000 layers and 20,000 growers, operates 22 fish ponds, and owns an animal feed mill undergoing upgrades to achieve a production capacity of five tons per hour. Its product portfolio includes table eggs, day-old chicks, palm fruits, and animal feed.
As part of its medium-term growth strategy, Zichis Agro plans to establish oil processing and vegetable processing plants by 2026
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