Iofina plc ( (GB:IOF) ) has shared an update.
Iofina plc reported a slight decrease in iodine production during Q1 2025 due to extreme winter weather affecting operations in Oklahoma. Despite this, the company remains optimistic, expecting to produce around 300MT of iodine in H1 2025, slightly below previous estimates. The company is advancing its new IOsorb® plant, IO#11, which is on track to begin operations in Q3 2025, and is in discussions for IO#12. Iodine prices remain strong, and Iofina is selling all its production. The company has not been materially affected by recent tariff impositions and plans to release its 2024 financial results soon.
More about Iofina plc
Iofina plc is a vertically integrated company specializing in the production of iodine and the manufacturing of specialty chemical products. It is the second largest producer of iodine in North America, operating through its entities Iofina Resources and Iofina Chemical. Iofina Resources is known for its iodine extraction plants using the company’s WET® IOsorb® technology, while Iofina Chemical manufactures high-quality halogen specialty chemicals.
YTD Price Performance: 10.53%
Average Trading Volume: 378,089
Technical Sentiment Signal: Buy
Current Market Cap: £40.29M
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