REG - Iofina PLC - H1 2025 Update

IofinaAnnouncement

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RNS Number : 3888R  Iofina PLC  17 July 2025

 17 July 2025

 

Iofina plc

("Iofina", the "Company" or the "Group")

(AIM: IOF)

 

H1 2025 Corporate Update

Another Record H1 Production

IO#11 Commissioned

 

Iofina plc, specialists in the exploration and production of iodine and
manufacturers of specialty chemical products, today provides an update to the
market regarding its activities during H1 2025 (the "Period") and the
commissioning of IO#11.

 

The Company is pleased to report that following a strong second quarter,
Iofina Resources produced 305.5 metric tonnes ("MT") of crystalline iodine in
the Period, an increase of 10.6% (H1 2024: 276.1 MT). This figure was both a
record H1 production total and slightly higher than the Company's revised
production guidance for the Period of c.300 MT, as stated in the Q1 2025
update.

 

Iofina's Resources' newest commissioned plant, IO#11, is in the final stages
of hydro-testing, with brine water flowing through the system. Iofina expects
the new plant to be producing crystalline iodine this month. IO#11 will be the
third plant in operation in the central Oklahoma core area since June 2023,
with the Group having eight IOsorb® plants in total. IO#11 is expected to
make a material contribution to total crystalline iodine production in the
second half of the year, with an estimated annual output from this plant of
approximately 100 MT.

 

The Company is finalising the specific location and timeline with its
preferred partner for IO#12, with the intention of commencing foundation work
on the new plant before the end of 2025.

 

With the Company's plants operating at a more optimal flow rate compared to
the start of the year and the addition and ramp-up of IO#11 in Q3 2025, the
Company anticipates production in the second half of 2025 to be in the range
of 400-440 MT from our eight operating plants in Oklahoma. As IO#11 production
normalises, this total H2 2025 production range will become clearer over the
coming months, and we will update the market at that point.

 

Iofina continues to see strong demand for its products, with sales tracking in
line with the Board's expectations and reflecting the favourable trends across
the iodine market. The price of spot iodine (100% basis) is firmly above
$70/kg and is expected to stay at these levels for the foreseeable future.

 

Finally, the Company continues to preserve its safety record, with no lost
time accidents for over four years. The Group continually seeks to implement
the latest policies, with safety being the paramount factor.

 

 

 

Commenting, President and CEO, Dr. Tom Becker, stated:

"After experiencing some initial production challenges in the first quarter of
the year, our team has successfully worked with our brine supply partners to
improve water flows to the plants, culminating in a record H1 production of
305.5MT. We are also pleased to have completed IO#11 on time and on budget,
and with production at the new plant expected to ramp up during Q3 2025, we
now anticipate producing 400-440 MT of crystalline iodine during the second
half of 2025. The execution of our growth strategy, combined with a healthy
iodine market, will result in 2025 seeing further records for the Group."

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018.

 

 

Enquiries:

 

Iofina plc

Dr. Tom Becker

CEO & President

Tel: +44 (0)20 3006 3135

 

Nomad & Broker:

Canaccord Genuity Limited

Henry Fitzgerald-O'Connor/Harry Rees

Tel: +44 (0)20 7523 8000

 

Media Contact:

Yellow Jersey PR Limited

Charles Goodwin/Shivantha Thambirajah/Zara McKinlay

Tel: +44 (0)7747 788 221/+44 (0)7983 521 488

About Iofina:

Iofina plc (AIM: IOF) is a vertically integrated company that specialises in
the production of Iodine and the manufacturing of specialty chemical products.
Iofina is the second largest producer of iodine in North America and operates
the manufacturing entities Iofina Resources and Iofina Chemical.

LEI: 213800QDMFYVRJYYTQ84

ISIN: GB00B2QL5C79

 

Iofina Resources

Iofina Resources develops, builds, owns, and operates iodine extraction plants
using Iofina's WET® IOsorb® technology. Iofina currently operates five
producing IOsorb® plants in Oklahoma and is consistently using technology and
innovation to improve and expand its operations.

 

Iofina Chemical

Iofina Chemical has manufactured high quality halogen speciality chemicals
derived from raw iodine, as well as non-iodine-based products.  Iofina
Chemical celebrated its 40(th) anniversary in 2023 as a preeminent
halogen-based specialty chemicals company.

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

 

Follow Iofina's latest developments via its LinkedIn
(https://www.linkedin.com/company/iofina-plc/) and X (https://x.com/iofinaplc)
accounts.

 

 

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