Iofina plc (LSE:IOF), a producer of iodine and manufacturer of specialty chemical products, delivered record operating performance during the first half of 2026 after exceeding its upgraded production guidance.
First-half production surpasses forecast
The company produced a record 393.3 metric tonnes of crystalline iodine during the first six months of the year, representing a 29 percent increase compared with the 305.5 metric tonnes produced in the same period of 2025.
Production also exceeded the company’s upgraded guidance of 385 tonnes by 8.3 tonnes. Iofina attributed the stronger-than-expected performance to higher brine volumes at its central Oklahoma production facilities.
New capacity expected to drive second-half growth
Looking ahead, Iofina expects second-half iodine production to reach between 460 and 485 metric tonnes, supported by increased output from its IO#11 facility and the planned commissioning of IO#12.
The new IO#12 plant, which will become the company’s largest IOsorb facility, is scheduled to enter service during the third quarter. Production is expected to begin towards the end of September, with the plant designed to deliver annual output of between 170 and 220 metric tonnes.
Strong market demand continues
Iodine spot prices remained in the mid-70 US dollars per kilogram range during the reporting period, providing continued support for the company’s operations.
Iofina also reported robust demand for its specialty chemical products, particularly those serving the animal health and animal feed sectors.
Alongside expanding production capacity, the company is finalising an additional 10 million US dollar project loan facility as it continues working towards its long-term objective of producing 2,000 metric tonnes of iodine annually.
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