ITACONIX PLC (ITX) — Preliminary Results for the year ended 31 December 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the ITACONIX twenty twenty five Full Year Results Investor Presentation. Send. Before we begin, we would like to submit the following poll. I'm sure the management team will be delight delighted for your participation. I'd now like to hand over to John and Laura. Good afternoon to you both. Thank you, Mark. We're really excited to be here this afternoon to present, not only our results for 2025, but also our outlook for 2026 and beyond. I'm going to start with a quick overview of the of ITACONIX for those who are new to ITACONIX, present some highlights, then turn to Laura who'll come in on some financial results, and then I'll wrap up with our growth path and our outlook for 2026. Thanks, guys. See you soon. On a quick overview of ITACONIX, pretty simple business. Most important is on the right hand side is that we produce ingredients that have high valued use in everyday products, particularly consumer products. They, they're used for their functionality, in the performance that they put into these into these products. On the left hand side is our supply chain. We bring in itaconic acid into our operations, run it through our polymerization process to produce our ingredients. Itaconic acid is a natural metabolite produced in, our bodies in the natural world. It is produced at industrial levels, by fermentation. We bring it in from multiple suppliers in Chai from China, but, it is actually produced by fermentation where sugar is put into a very large fermentation tank. A fungi, eats eats the sugar and produces itaconic acid. The sugar comes from, from corn. So somewhere, out in China, there is a cornfield that's absorbing carbon dioxide, converting that carbon dioxide into a carbon based sugar. That sugar becomes ...