Iofina PLC (AIM:IOF, OTC:IOFNF), the AIM-listed iodine producer, has reported record first-quarter production and upgraded its first-half guidance after new capacity and favourable operating conditions drove a 44% year-on-year increase in output.
The company produced 178.9 metric tonnes of crystalline iodine from its eight IOsorb plants in Oklahoma during the first quarter of 2026, compared with 124.1 metric tonnes in the same period last year.
It said higher-than-usual brine temperatures, alongside capacity added in the second half of 2025, contributed to the strong performance.
Iofina now anticipates first-half 2026 production of approximately 385 metric tonnes, ahead of previous guidance of 325 to 355 metric tonnes.
Spot prices for raw iodine remain above $70 per kilogram, supported by strong market demand, and Iofina said it has not been affected by global supply chain disruptions stemming from recent international trade developments.
Construction of a new, larger IOsorb plant with Western Midstream Partners in the Permian Basin remains on track to become operational in the latter part of the third quarter of 2026.
President and chief executive Tom Becker said the record quarterly output reflects recently increased capacity and positions the company firmly ahead of its original first-half production targets.
Becker added that an expanded pipeline of opportunities across the Permian Basin and Oklahoma is moving Iofina into a new phase of more rapid expansion.
Iofina expects to publish its 2025 full-year financial results by early May.