Iofina shares rise as crystalline iodine production climbs; confident

(Alliance News) - Iofina PLC on Thursday hailed strong pricing and demand for raw iodine, as it announced a rise in production.

The Greenwood Village, Colorado-based iodine producer reported a record quarterly output of 215.8 metric tonnes of crystalline iodine in the third quarter of 2025, up 32% from 163.9 metric tonnes a year earlier, following the July startup of its IO11 plant in Oklahoma.

Iofina expects second-half production to total between 400 and 440 metric tonnes.

The company said iodine prices remain above USD70 per kilogram and demand continues to be strong. Negotiations for its next plant, IO12, are in the final stages, with construction expected to begin by year-end.

Chief Executive Officer Tom Becker added that with iodine prices remaining high and "demand for Iofina's products only getting stronger, the board is excited by the current outlook for the rest of the year and into 2026."

Iofina shares rose 8.3% to 24.90 pence each on Thursday afternoon in London.

By Tom Budszus, Alliance News slot editor

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