UK's Iofina H1 revenue rises 7% on higher iodine output
UK's Iofina H1 revenue rises 7% on higher iodine output
Overview
UK iodine producer reported record H1 revenue up 7% yr/yr, driven by production growth
Adjusted EBITDA for H1 more than doubled, reflecting improved productivity and cost control
Company produced 29% more crystalline iodine, with stable prices and strong product demand
Outlook
Company expects H2 2026 crystalline iodine production of 460-485MT
IO#12 plant expected to be commissioned near end of Q3 2026
Iodine spot price expected to remain firm for rest of 2026
Result Drivers
PRODUCTION GROWTH - Co produced 29% more crystalline iodine, boosting sales volumes and revenue
COST CONTROL - Improved productivity, milder winter, and lower chemical costs reduced cost of sales by 8%
STRONG DEMAND - Sustained demand for iodine and derivatives supported sales growth
Company press release: ID:nRSU5471Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income |
| $3.49 mln |
|
H1 EBIT |
| $4.91 mln |
|
H1 Gross Profit |
| $10.21 mln |
|
H1 Pretax Profit |
| $4.90 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 Iofina PLC is GBp70.00, about 37.3% above its September 18 closing price of GBp51.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
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(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.)