Iofina plc (LSE:IOF) delivered its eighth consecutive year of growth in 2025, with revenue increasing 22% to $66.5 million. The performance was driven by a 17% rise in crystalline iodine production to 743 metric tonnes and a 42% surge in iodine sales volumes.
Profitability improved significantly, with gross profit climbing 36% to $18 million and adjusted EBITDA advancing 56% to $11.8 million, supported by elevated iodine prices and strong underlying demand.
Expansion strategy gathers pace with new plant development
The Iofina ended the year with cash of $11.7 million and a net cash position of $5.2 million, while investing $8.4 million into new plants and chemical processing capabilities to drive future growth.
Construction has begun on a larger IOsorb facility in the Permian Basin, marking a strategic move into a new core production region alongside its established operations in Oklahoma. The company is targeting annualised crystalline iodine output above 1,000 metric tonnes in the near term, with longer-term ambitions to exceed 2,000 metric tonnes.
Strong start to 2026 supported by firm iodine prices
Trading momentum has carried into 2026, with first-quarter crystalline iodine production reaching 178.9 metric tonnes. The company has raised its first-half 2026 production guidance to approximately 385 metric tonnes, as global spot iodine prices remain above $70 per kilogram.
Management highlighted that its transition toward multiple, larger-scale plants — supported by strong demand and a healthy balance sheet — represents a step-change in production capacity and underpins a long-term, capital-efficient growth strategy.
Outlook supported by fundamentals despite technical caution
Iofina’s outlook is underpinned by solid financial stability and ongoing strategic expansion. While technical indicators suggest caution due to potentially overbought conditions, the company’s valuation and growth trajectory remain attractive.
More about Iofina plc
Iofina plc is a vertically integrated iodine producer and specialty chemicals manufacturer listed on AIM, with operations primarily in North America. Through its subsidiary Iofina Resources, the company operates multiple IOsorb iodine extraction plants in Oklahoma using its proprietary WET IOsorb technology. Its Iofina Chemical division produces halogen-based specialty chemicals for a range of industrial and niche markets.
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