Itaconix (LSE:ITX) reported unaudited full-year revenues of $10.3m for 2025, representing a 59% increase year on year and marking the first time the company has exceeded the $10m threshold. The performance was underpinned by a third successive record half-year, with second-half sales reaching $5.5m.
Growth was driven by a combination of increased volumes from existing customers and new client wins across key geographic markets. The company cited rising adoption of its patented plant-based polymer technologies by consumer product manufacturers seeking both improved performance and stronger sustainability credentials. Management also pointed to a strengthening commercial pipeline and said the business is now well positioned to reinvest in demand generation initiatives during 2026.
Looking ahead, Itaconix believes its scalable and capital-light operating model provides a platform to maintain revenue momentum and progressively build a larger specialty ingredients business with improving profitability. Despite this progress, the company’s overall outlook remains tempered by ongoing losses, bearish technical signals and the absence of near-term profitability, which continue to weigh on sentiment.
More about Itaconix plc
Itaconix plc is a specialty chemicals company focused on the development and sale of high-performance, plant-based polymer ingredients. Its products are primarily used in home and personal care applications, including detergents, hygiene and beauty products. Through its proprietary polymer technology platform, the company serves global consumer goods manufacturers seeking sustainable, cost-efficient and lower-carbon formulations that enhance safety, performance and environmental outcomes.
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