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Itaconix PLC on Tuesday saw its shares rise as it reported strong full-year revenue growth, underpinned by a ‘record’ half-year performance. In its full-year trading statement, the London-based manufacturer of plant-based polymers said revenue increased 59% to $10.3 million in 2025, from $6.5 million a year earlier. The company credited this advance to a third consecutive ‘record’ half year, as revenue in its second half rose to $5.5 million in 2025 from $4.8 million a year prior. Its shares were trading 13% higher at 122.00 pence on Tuesday afternoon in London. Itaconix said top-line growth was achieved across both new and existing customers, spanning ‘major applications and geographies’. The company noted demand for its patented plant-based polymers continued to strengthen as global consumer product manufacturers ‘increasingly adopt sustainable, high-performance ingredients to enhance formulation performance and deliver added value in detergent, hygiene and beauty products.’ Itaconix expressed optimism for 2026, stating that the company is ‘well positioned’ to achieve further revenue growth. This expectation, said Itaconix, is supported by expanding product adoption, a growing customer pipeline and a scalable, capital-efficient operating model. Itaconix expects to report its full-year results in late March. ‘2025 was a milestone year for Itaconix. Delivering record revenues of over $10 million for the first time, alongside our third consecutive record half year, demonstrates the accelerating commercial momentum behind our technology and customer proposition,’ said Chief Executive John Shaw. ‘Entering 2026, Itaconix is operating from a position of strength: we are well funded, capital efficient and supported by a deep and expanding revenue pipeline.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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