Zichis targets N540 million monthly earnings after scaling-up animal feed production 

Newly listed Zichis Agro-Allied Industries Plc, said it aims to rake in N540 million in monthly revenue after ramping up production capacity and expanding its land bank, with the company’s animal feed production scaling up to five tonnes per hour.

The expanded revenue target was disclosed by the Executive Director, Finance & Strategies, Mr. Chris Ogbaisi, in a chat with financial journalists on Tuesday, May 19, 2026.

According to him, the recent animal feed mill with an initial 2 tonnes per hour capacity, was upgraded to 5-tonne-per-hour and has since commenced operations.

This development, he says, is part of the company’s medium-to-long term value creation roadmap for improved shareholder returns and outlook for the Zichis brand.

Ogbaisi confirmed that the company has also commenced the clearing of a 2,000-acre farm estate, a strategic move timed to take advantage of the current planting season and expand the agricultural base that the animal feed business draws from.

The disclosures come against the backdrop of a seven-session losing streak in Zichis shares on the Nigerian Exchange (NGX), which the Executive Director attributed partly to profit-taking.

What Zichis Executive Director is saying: 

Chris said the facility has an hourly production capacity of 5 tonnes and is projected to produce about 1,200 tonnes 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 explained. 
• “At full production capacity, the operation is expected to generate a projected monthly turnover exceeding N540 million,” he added. 
• “In addition to the feed mill ramp-up, Ogbaisi disclosed that the company’s key divisions are another revenue stream to the company’s diversified agricultural and agro-industrial portfolio,” Ogbaisi pointed out. 

He explained that these operational milestones — the 5-tonne feed mill now running, key divisions like poultry operation, and the 2,000-acre expansion about to break ground — will translate into improved audited financial outcomes in 2026 and the years ahead.

More insights: 

Mr. Ogbaisi confirmed that the Managing Director, Mrs. Anthonia Akabusi, retains above a 50% holding in the company, despite the recent share sale transaction which was filed with the Nigerian Exchange (NGX) in line with regulatory requirement.

• The Executive Director advised shareholders and prospective investors to be cautious of social media narratives that attempt to twist facts and figures, stressing that the company’s fundamentals remain strong and rapidly growing.
• In his view, the additional monthly turnover projections of N540 million, if sustained, would represent a materially significant revenue line for a company of Zichis’ current size and market capitalisation.

On the company’s recent shareholders’ approval to raise capital, he declined to comment about it until the company gets the much-needed approval by the Securities and Exchange Commission (SEC).

What you should know: 

Zichis stock closed at N29.13 per share on Tuesday, May 19, increasing by N2.64 or 10% gain over its previous closing price of 26.49, ending six-session consecutive decline that compressed the stock valuation.

• Listed on the Growth Board of that Nigerian Exchange on January 20, 2026 at a unit price of N1.81, shares of the agro-allied company rose to N40.35 on May 12, 2026 more than 1,400% increase, ranking it first on the NGX in terms of year-to-date performance.
• With 1.2 billion shares outstanding and market capitalization of N35 billion, Zichis is currently the 80th most valuable stock on NGX, about 0.022% of the equity market valuation.
• Despite its size, Zichis is the 27th most traded stock on the Exchange over the past three months (Jan 20 – May 19, 2026) with a total volume of 623 million shares traded in 27,062 deals valued at N8.52 billion over the period.

The Head of Research at GTI, Mr. Abiodun Ogunniyi, has flagged the stock as one of three tickers — alongside Aradel and The Initiates Plc — where he expects selective bargain-hunting interest to emerge this week following recent profit-taking pressures.

Newly listed Zichis Agro-Allied Industries Plc, said it aims to rake in N540 million in monthly revenue after ramping up production capacity and expanding its land bank, with the company’s animal feed production scaling up to five tonnes per hour.

The expanded revenue target was disclosed by the Executive Director, Finance & Strategies, Mr. Chris Ogbaisi, in a chat with financial journalists on Tuesday, May 19, 2026.

According to him, the recent animal feed mill with an initial 2 tonnes per hour capacity, was upgraded to 5-tonne-per-hour and has since commenced operations.

This development, he says, is part of the company’s medium-to-long term value creation roadmap for improved shareholder returns and outlook for the Zichis brand.

Ogbaisi confirmed that the company has also commenced the clearing of a 2,000-acre farm estate, a strategic move timed to take advantage of the current planting season and expand the agricultural base that the animal feed business draws from.

The disclosures come against the backdrop of a seven-session losing streak in Zichis shares on the Nigerian Exchange (NGX), which the Executive Director attributed partly to profit-taking.

What Zichis Executive Director is saying: 

Chris said the facility has an hourly production capacity of 5 tonnes and is projected to produce about 1,200 tonnes 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 explained. 
• “At full production capacity, the operation is expected to generate a projected monthly turnover exceeding N540 million,” he added. 
• “In addition to the feed mill ramp-up, Ogbaisi disclosed that the company’s key divisions are another revenue stream to the company’s diversified agricultural and agro-industrial portfolio,” Ogbaisi pointed out. 

He explained that these operational milestones — the 5-tonne feed mill now running, key divisions like poultry operation, and the 2,000-acre expansion about to break ground — will translate into improved audited financial outcomes in 2026 and the years ahead.

More insights: 

Mr. Ogbaisi confirmed that the Managing Director, Mrs. Anthonia Akabusi, retains above a 50% holding in the company, despite the recent share sale transaction which was filed with the Nigerian Exchange (NGX) in line with regulatory requirement.

• The Executive Director advised shareholders and prospective investors to be cautious of social media narratives that attempt to twist facts and figures, stressing that the company’s fundamentals remain strong and rapidly growing.
• In his view, the additional monthly turnover projections of N540 million, if sustained, would represent a materially significant revenue line for a company of Zichis’ current size and market capitalisation.

On the company’s recent shareholders’ approval to raise capital, he declined to comment about it until the company gets the much-needed approval by the Securities and Exchange Commission (SEC).

What you should know: 

Zichis stock closed at N29.13 per share on Tuesday, May 19, increasing by N2.64 or 10% gain over its previous closing price of 26.49, ending six-session consecutive decline that compressed the stock valuation.

• Listed on the Growth Board of that Nigerian Exchange on January 20, 2026 at a unit price of N1.81, shares of the agro-allied company rose to N40.35 on May 12, 2026 more than 1,400% increase, ranking it first on the NGX in terms of year-to-date performance.
• With 1.2 billion shares outstanding and market capitalization of N35 billion, Zichis is currently the 80th most valuable stock on NGX, about 0.022% of the equity market valuation.
• Despite its size, Zichis is the 27th most traded stock on the Exchange over the past three months (Jan 20 – May 19, 2026) with a total volume of 623 million shares traded in 27,062 deals valued at N8.52 billion over the period.

The Head of Research at GTI, Mr. Abiodun Ogunniyi, has flagged the stock as one of three tickers — alongside Aradel and The Initiates Plc — where he expects selective bargain-hunting interest to emerge this week following recent profit-taking pressures.