Itaconix Upgrades Outlook Following 72 Percent Sales Increase

Itaconix PLC (AIM:ITX, OTCQB:ITXXF, FRA:18G0) witnessed a significant share price rally on Friday morning, with the stock advancing 18% to reach 138.65 pence. The movement followed the company’s decision to raise its 2026 revenue guidance after reporting first-half sales growth of 72%, which brought total revenue to a record 8.3 million US dollars. The increase was underpinned by expansion across the firm’s principal product segments.

The plant-based polymers specialist now anticipates full-year revenue of at least 14.8 million US dollars, representing a substantial uplift from the 13.3 million US dollars analyst forecast referenced in its announcement. The company has retained its guidance for marginally positive EBITDA, notwithstanding ongoing investment in personnel and product development initiatives.

The first-half revenue figure also represented a 46% improvement on the 5.7 million US dollars generated during the second half of 2025. Gross margin is projected to hold steady at 36%, supported by effective raw material procurement and supply chain management practices.

The revenue expansion was driven by repeat orders from established detergent customers, the addition of a new unit-dose dishwashing detergent customer in Europe, and a new laundry detergent customer in North America. Increased adoption of the company’s SPARX formulations also contributed to the performance.