UK's Itaconix 2025 revenue jumps, EBITDA loss narrows on strong EMEA growth

Itaconix

24/03/2026 07:13

Overview

UK specialty polymer maker's preliminary 2025 revenue grew 61% yr/yr to a record high

Adjusted EBITDA loss narrowed to $0.6 mln, reflecting improved operational efficiencies

Company maintained stable gross margin and expanded customer base in EMEA and North America

Outlook

Itaconix expects 2026 revenue of $13.3 mln, positive adjusted EBITDA of $0.3 mln, and net cash of $3 mln

Company sees strong order momentum and a growing pipeline of projects entering 2026

Itaconix expects significant progress in adoption of BIO*Asterix monomers and binders in paints and coatings

Result Drivers

EMEA EXPANSION - Increased adoption of scale inhibitors in unit dose dishwashing detergents drove 104% yr/yr revenue growth in EMEA

NORTH AMERICAN FORMULATIONS - New unit dose detergent formulations for 17 North American brands contributed to revenue growth

OPERATIONAL EFFICIENCY - Stable raw material costs, disciplined pricing, and improved operating efficiencies supported gross margin

Company press release: ID:nRSX7881Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Profit
$3.64 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the specialty chemicals peer group is "buy"

Wall Street's median 12-month price target for Itaconix PLC is GBp325.00, about 191.5% above its March 23 closing price of GBp111.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)