Itaconix PLC CEO on record revenues and 2026 growth outlook - ICYMI

Core Viewpoint - Itaconix PLC has achieved record revenue performance, with a 59% year-on-year increase, surpassing $10 million for the first time, indicating strong growth momentum as it enters 2026 [2][6]. Revenue Performance - The company reported its third consecutive record half-year, with revenues exceeding $10 million, marking a significant milestone for the specialty ingredients sector [2][6]. - This revenue growth reflects years of development in commercializing a new class of chemistry focused on odour-neutralizing and scale-inhibiting ingredients [2][3]. Growth Drivers - Demand is driven by customers seeking safer, high-performance, and sustainable solutions across various consumer product categories, including automatic dish detergents, laundry detergents, pet products, and carpet cleaning [3][6]. - The ingredients offered by Itaconix are plant-based, environmentally friendly, and often reduce production costs while enhancing cleaning performance [3][7]. Financial Position - The company has a strong balance sheet following a successful fundraising in 2023, which has enabled the expansion of its customer base and increased recognition of its technology's value [4][7]. - Improved customer engagement and visibility have accelerated the adoption of the company's scale inhibitor products [4][8]. Operational Outlook - Itaconix is well-positioned operationally, with production capacity in place to meet demand through at least 2027, supported by ongoing investments at its Stratham facility [5][8]. - While the company does not expect to replicate last year's growth rate, it anticipates continued strong growth, with 2026 expected to be another milestone year [5][10]. Future Expectations - The company aims to become a large, profitable specialty ingredients provider, with a strong pipeline of customer projects and momentum from 2025 [9][10]. - Itaconix believes it can achieve its next $10 million in revenue faster than it did the first time, despite not expecting to repeat the previous year's growth rate [10].