REG - Itaconix PLC - Mello 2026 Presentation and Update on Trading

ItaconixAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260602:nRSB5423Ga&default-theme=true

RNS Number : 5423G  Itaconix PLC  02 June 2026

Embargoed for 07.00, 2 June 2026

ITACONIX PLC

("Itaconix" or the "Company")

Mello 2026 Conference Presentation and Update on Trading

Extending Plant-Based Innovation into New Markets

Itaconix plc (AIM: ITX) (OTCQB: ITXXF), a leading innovator in
high-performance plant-based specialty polymers, will present today at 13.55
BST at Mello 2026 Investor Conference.

Following our most successful year to date in FY2025, the Company reports that
trading in the current year has continued in line with the Board's
expectations. The management expects H1 FY2026 will be another record half.
The Board remains confident in the Company's strategy, customer pipeline and
long-term growth opportunities.

Our core Itaconix® Performance Ingredients business continues to build
momentum in consumer detergent applications for scale inhibition and odour
neutralisation, supported by increasing customer adoption of safer,
higher-performing and more sustainable ingredients. We continue to see
encouraging activity levels from major customers and are closely tracking
reorder rates from new customers to assess expected growth in 2026.

The Middle Eastern conflicts are creating disruptions in the production and
supply of fossil-based specialty chemicals that compete against our
ingredients. The Company continues to monitor logistics and transportation
costs within our plant-based supply chain which have not experienced
significant disruption or unfavourable cost implications, and our overall
gross profit margins remain steady. Current and potential customers are
recognising the stability in the supply and pricing of our ingredients, which
we believe will translate into new revenue opportunities.

Driving Growth Through Innovation

In May 2026, the Company announced the launch of its new deeperclean.com
marketing initiative aimed at North American consumer detergent brand owners.
The flagship product on deeperclean.com is the 8 grams plant-based dishwashing
detergent tablet that Itaconix introduced at the American Cleaning Institute's
Innovation Showcase in February this year. The ecommerce site allows brand and
formulation managers to readily receive and evaluate the novel performance and
marketing claims available with our ingredients. We expect to conduct consumer
evaluations to test, refine and substantiate the performance of our
formulations.

In May 2026, the Company also announced the development of a new class of
paints under the Company's BIO*Asterix® programme.  During this next stage
of development, the Company will work with an established specialty paint
company to evaluate paint products using these new esters and latexes.

In June 2026, the Company announced evaluation agricultural trials of new
potential applications for our current ingredients in crop production under
the tradename BioVail™ GRZ™ 200L.  Results of these trials are expected
at after harvest. This work will require assessment over multiple growing
seasons.

- Ends -

 

 Itaconix plc                                                                        +1 603 775-4400

 John R. Shaw / Laura Denner
 Rosewood                                                                     +44 (0)20 7653 8702

 John West / Llewellyn Angus / Lily Pearce
 Canaccord Genuity - Nominated Adviser and Sole Broker                       +44 (0) 20 7523 8000

 Adam James / Harry Pardoe

 

About Itaconix 

 

Itaconix uses its proprietary plant-based polymer technology platform 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 generations of cost-effective, decarbonized consumer
products in home and personal care.  

www.itaconix.com (http://www.itaconix.com/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUPUAUQUPQGMG



            Copyright 2019 Regulatory News Service, all rights reserved