Q3 2025 Update
Iofina PLC reported a record quarter in iodine production, with 215.8 metric tonnes produced in Q3 2025, a 32% increase compared to 163.9 MT in Q3 2024. The company produced 75 MT in September alone, following the commencement of production at IO#11 in July 2025. Iofina anticipates H2 2025 production to be in the range of 400-440 MT, with consistent water volumes expected. The average realised iodine spot price remains strong, steadily above $70/kg and trending towards the mid-seventies. Negotiations for IO#12 are in the final stages, with foundation work expected to begin by the end of the year. Global iodine consumption is expected to approach 40,000 MT in 2025.
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Iofina plc, specialists in the exploration and production of iodine and manufacturers of specialty chemical products, today provides an update regarding its activities during Q3 2025 (the "Period").
In the Period, Iofina Resources produced 215.8 metric tonnes ('MT') of crystalline iodide from its eight IOsorb® plants in Central and Northwest Oklahoma (Q3 2024: 163.9 MT). This represents a 32% increase in production, with 75 MT produced in September 2025 after IO#11 came online in July 2025. With water volumes to our plants expected to remain consistent through Q4 2025, production for H2 2025 is on track to be within the production range of 400-440 MT.
Pricing and demand for raw iodine have remained strong. The average realised iodine spot price is steadily above $70/kg, trending towards the mid-seventies, and prices are expected to remain at these levels for the rest of the year. The Company continues to experience strong demand for its crystalline iodine, with global iodine consumption expected to approach 40,000 MT in 2025.
The negotiations with our IO#12 partner have entered the final stages, and we are hopeful of signing an agreement shortly, and expect to commence the plant's foundation work by the end of the year.
President and CEO, Dr. Tom Becker, commented:
"The Company continues to execute its growth strategy as illustrated by the record month of September and Q3 2025 production increasing by 32% year on year. Importantly, production has been steady across all our plants, putting us on track for a crystalline iodine production range of 400-440 MT for the second half of the year, and ultimately, further full-year growth.
"With production at IO#11 commencing in July, the Company has met its target of building one new plant each year over the past three years. With negotiations for IO#12 now in the later stages, we expect to continue the delivery of a new plant for the fourth year running.
"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 Resources
Iofina Chemical
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