Itaconix PLC (AIM:ITX, OTCQB:ITXXF) shares rose 6% in afternoon trading on Thursday after the plant-based polymer specialist said it remained on track to meet its 2025 targets, despite growing trade uncertainty in the US.
The AIM-quoted company, which supplies sustainable ingredients used in products like laundry detergents, acknowledged that new tariffs would raise some input costs but said the impact should be modest.
Two of its five key raw materials are exempt from tariffs, while the rest carry duties of up to 25%, with one low-volume item facing a 100% charge.
However, a stockpile of pre-tariff inventory, along with selective price increases and supply chain savings, should help protect profit margins.
Itaconix also stands to benefit from a stronger euro and shifting US supply chains, which are creating fresh opportunities. The company said customer enquiries were on the rise, and it remains confident in both its balance sheet and near-term growth outlook.
The stock rose 6p to 107p.