Itaconix upgrades outlook after 72% jump in sales

Itaconix PLC ( AIM:ITX OTCQB:ITXXF ) shares soared in Friday morning's trade, rising 18% to 138.65p, after the company lifted its 2026 revenue outlook after first-half sales jumped 72% to a record $8.3 million, driven by growth across its main product segments.

The plant-based polymers specialist now expects full-year revenue of at least $14.8 million, compared with the $13.3 million analyst forecast cited in its statement. It maintained guidance for a small positive EBITDA despite continued investment in staff and product development.

First-half revenue was also 46% higher than the $5.7 million generated during the second half of 2025. Gross margin is expected to remain at 36%, supported by raw-material and supply-chain management.

Growth reflected repeat orders from existing detergent customers, a new unit-dose dish detergent customer in Europe and a new laundry detergent customer in North America. Increased use of its SPARX formulations also contributed.