Zichi Agro Allied Industries Proposes Dividend and Bonus Shares

Zichi Agro Allied Industries Plc has proposed a dividend of 20 kobo per ordinary share and a bonus share issuance to its shareholders, contingent upon approval at the upcoming annual general meeting. This decision follows the company's impressive financial results for the 2025 fiscal year, where it reported a pre-tax profit of N364.21 million, representing a 420.8% increase compared to N69.93 million in 2024.

The total estimated cost for the dividend and bonus shares is N120 million, a 300% increase from N30 million in the previous year. The dividend will be subject to withholding tax and will be paid to shareholders whose names appear on the register as of March 16, 2026.

Additionally, the company plans to commence its 2026 executive plan for the Zichi Feedmill plant, which aims to increase production capacity to five tons per hour, with an estimated monthly output of 600 tons, expected to be commissioned in March 2026.