Earnings release
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Itaconix plc (“Itaconix” or the “Company”) Full Year Trading Update Record revenues exceeding $10 million for the first 8me, driven by third consecu8ve record half year and strong customer momentum Itaconix plc (AIM: ITX) (OTCQB: ITXXF), a leading innovator in high-performance plant-based specialty polymers, is pleased to provide a trading update for the year ended 31 December 2025. Unaudited revenues for FY 2025 increased 59% year-on-year to $10.3 million (FY 2024: $6.5 million), exceeding $10 million for the first Ume. This performance was underpinned by a third consecuUve record half year, with revenues of $5.5 million in H2 2025, up from $4.8 million in H2 2024. Revenue growth was generated across both exisUng and new customers, spanning major applicaUons and geographies. Demand for the Company’s patented plant-based polymers conUnued to strengthen as global consumer product manufacturers increasingly adopt sustainable, high-performance ingredients to enhance formulaUon performance and deliver added value in detergent, hygiene and beauty products. This growth in revenue and a step change in the Company's commercial tracUon have enabled Itaconix to invest further in demand generaUon and support for 2026. The Board remains opUmisUc about the Company’s prospects for 2026 and believes that Itaconix is well posiUoned to deliver conUnued revenue growth, supported by a growing customer pipeline, expanding product adopUon and a scalable, capital-efficient operaUng model. Further details on 2025 trading performance and the outlook for 2026 will be provided with the Company’s FY 2025 results, expected in late March 2026. John R. Shaw, CEO of Itaconix, commented: “2025 was a milestone year for Itaconix. Delivering record revenues of over $10 million for the first @me, alongside our third consecu@ve record half year, demonstrates the accelera@ng commercial momentum behind our technology and customer proposi@on. “We are seeing growing valida@on from both new and exis@ng customers as our plant-based specialty polymers become embedded in next-genera@on consumer products where performance, sustainability and value are all cri@cal. “Entering 2026, Itaconix is opera@ng from a posi@on of strength: we are well funded, capital efficient and supported by a deep and expanding revenue pipeline. With increasing scale, disciplined execu@on and strong customer engagement, we believe the Company is firmly on track towards building a large, profitable and enduring specialty ingredients business, delivering long-term value for shareholders.” - ends - Enquiries: Itaconix plc +1 603 775 4400 John R. Shaw / Laura Denner
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Rosewood +44 (0) 207 653 8704 Financial PR John West / Llewellyn Angus Canaccord Genuity +44 (0) 7523 8000 Nominated Adviser and Broker Adam James / Harry Pardoe About Itaconix Itaconix uses its proprietary plant-based polymer technology plahorm to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company's current ingredients are enabling and leading new generaUons of cost-effecUve, decarbonized consumer products in home and personal care. www.itaconix.com