Iofina plc (LSE:IOF) delivered a record-breaking first quarter in 2026, producing 178.9 metric tonnes of crystalline iodine from its eight IOsorb facilities in Oklahoma—up 44% year-on-year. The increase was driven by additional capacity brought online in late 2025, alongside favourable conditions such as warmer brine temperatures. Strong market demand has kept iodine spot prices above $70 per kilogram, prompting the company to upgrade its outlook, with first-half production now expected to reach around 385 metric tonnes, ahead of previous guidance. The group also noted it has not been impacted by current global supply chain disruptions.
The company continues to expand its production footprint, progressing construction of a larger IOsorb plant in the Permian Basin in partnership with Western Midstream Partners. The new facility is expected to come online in late Q3 2026 and will represent the group’s ninth plant. Management highlighted that the strong start to the year, combined with a growing pipeline of opportunities across the Permian and Oklahoma, positions Iofina for a sustained period of growth. Full-year 2025 financial results are scheduled for release in early May.
From an investment perspective, Iofina’s outlook is supported by solid financial stability and ongoing strategic expansion initiatives. While technical indicators suggest some caution due to overbought conditions, the company’s growth trajectory and valuation remain appealing.
More about Iofina plc
Iofina plc is a vertically integrated iodine producer and specialty chemicals company, operating through its Iofina Resources and Iofina Chemical divisions. It is the second-largest iodine producer in North America, with eight IOsorb plants currently in operation in Oklahoma and a ninth under development in the Permian Basin. The company also manufactures a range of halogen-based and non-iodine specialty chemical products for global markets.
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