REG - Iofina PLC - Q1 2026 Corporate Update

IofinaAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260415:nRSO4789Aa&default-theme=true

RNS Number : 4789A  Iofina PLC  15 April 2026

 

 

 

 

 

 

 

15 April 2026

 

Iofina plc

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

(AIM: IOF)

 

Q1 2026 Corporate Update

Record Q1 Iodine Production, 44% Increase YoY

 

Iofina plc, specialists in the exploration and production of iodine and
manufacturers of specialty chemical products, is pleased to provide an update
regarding its activities during Q1 2026 (the "Period").

 

In the Period, Iofina Resources produced 178.9 metric tonnes ('MT') of
crystalline iodine from its eight IOsorb® plants in Oklahoma, up 44% (Q1
2025: 124.1MT).

 

The Company experienced a record Q1 with a strong operational performance, as
new capacity was added in H2 2025 and higher-than-usual brine temperatures
contributed to the significant increase in iodine production. The Company now
expects to exceed the previous H1 2026 production guidance of 325MT-355MT.
Based on the current trends, the Company is now anticipating H1 2026
production to be closer to 385MT.

 

The demand for raw iodine has continued to be strong, with spot prices
remaining above $70/kg, as growing market demand and supply remained
consistent. The Company continues to monitor the potential impact of global
supply chain issues due to recent global events, but it is pleased to report
that Iofina has not been affected.

 

The Company confirms that it is making good progress with the development of
its new, larger IOsorb® plant with Western Midstream Partners in the Permian
Basin, with the plant on track to be operational in the latter part of Q3
2026.

 

 

The Company anticipates it will publish its 2025 full-year financial results
to the market by early May.

 

President and CEO, Dr. Tom Becker, commented:

"Iofina has made a strong start to 2026, with its highest ever Q1 iodine
production, resulting from its recently increased capacity, helping to drive
operational strength and putting us firmly on track to deliver higher than
anticipated H1 2026 production. We continue to be confident in our ability to
execute our growth strategy, with our biggest plant to date on track with its
construction in the Permian Basin region. Iofina's enhanced pipeline of
opportunities in the Permian Basin and in Oklahoma means that we are
positioning the Company into a new phase of more rapid expansion."

 

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

 

Financial PR and Media Contact:

Yellow Jersey PR Limited

Charles Goodwin/Shivantha Thambirajah/Maya Brookes

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 operates eight IOsorb®
plants in Oklahoma and consistently uses technology and innovation to improve
and expand its operations. A ninth plant is under construction in the Permian
Basin.

 

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/)

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFFASFISLIR



            Copyright 2019 Regulatory News Service, all rights reserved