The plant-based polymers maker posted record first-half revenue and its first period of break-even adjusted EBITDA, and reiterated full-year guidance of at least $14.8 million.
Itaconix now expects FY2026 revenue of at least $14.8 million, ahead of analyst forecasts, after first-half revenue grew 72% year-on-year.
"We are already gaining volumes in dish and laundry detergent tablets in North America", said CEO John R. Shaw
The AIM-listed polymer specialist has lengthened its tablet detergent development partnership with Bonals Technologies by roughly two years, targeting commercial rollout across North America.
Itaconix says trading is in line with the Board's expectations and that it expects the first half of FY2026 to be another record.
"These initial field trials are an important next step in evaluating performance under real agricultural conditions," said CEO John R. Shaw.
The London-listed small-cap has partnered with an established specialty paint company to finish and evaluate initial plant-based paint formulations and has filed both a patent application and a trademark application for the new product class.