Itaconix Raises Revenue Guidance Following 72 Percent Sales Increase in First Half

Shares in Itaconix PLC climbed 18 percent to 138.65 pence in morning trading on Friday after the plant-based polymers manufacturer upgraded its full-year revenue guidance following a substantial increase in first-half sales performance.

The AIM-listed company reported that revenues for the six months ended 30 June 2026 rose 72 percent year-on-year to a record $8.3 million, with growth registered across its principal product categories. The figure also represented a 46 percent increase compared to the $5.7 million recorded in the second half of 2025.

Management now anticipates full-year revenues will reach at least $14.8 million, surpassing the $13.3 million consensus analyst forecast referenced in the company’s statement. The revised guidance comes as Itaconix continues to expand its customer base whilst maintaining relationships with existing clients.

The company confirmed it expects to maintain its gross margin at 36 percent for the period, supported by effective raw material procurement and supply chain management strategies. Despite ongoing expenditure on personnel and product development initiatives, management reiterated guidance for a modest positive EBITDA result for the full year.

The revenue growth was attributed to several factors, including repeat purchase orders from established detergent manufacturing customers, the addition of a new European client for unit-dose dishwashing products, and a new North American customer in the laundry detergent segment. Increased adoption of the company’s SPARX formulation technology also contributed to the improved performance.

Itaconix specialises in developing sustainable polymer solutions derived from plant-based materials, targeting applications in the household and industrial cleaning sectors. The company’s shares trade on the AIM market in London, the OTCQB marketplace in the United States, and the Frankfurt Stock Exchange.