Iofina PLC (AIM:IOF, OTC:IOFNF) CEO Dr Tom Becker talked with Proactive's Stephen Gunnion about the company’s record financial and operational performance during the first half of 2025, highlighting over $29 million in revenue and a 40% increase in profit, driven by expansion in iodine production.
Becker explained that the company produced more than 305 metric tons of iodine during the period, supported by the launch of IO#11, Iofina’s third plant in three years. “IO#11 is now fully online. So we have a range in the market between 400 and 440 tons. Confident in that range as we speak today,” he said, adding that this would likely represent another record for the business.
With iodine prices remaining above $70 per kilogram, Becker said Iofina averaged over $74 per kilogram during the first half and expects prices to stay firm due to steady demand and limited excess supply. The company is already progressing toward IO#12, with construction expected to begin before year-end. Iofina is also advancing other projects aimed at boosting production and developing new value-added iodine products through its chemical division.
Becker highlighted that the company ended the period with $6.4 million in cash and modest net debt, adding that IO#11 is already paid for and generating cash flow. He noted that a facility with its banking partner positions the company well to fund further plant construction.
Looking ahead, Iofina plans to continue expanding while educating the market about its model of extracting iodine from oil and gas brine streams. “We’re not a start-up, we have proven technology,” said Becker, who emphasised that consistent execution and outreach will be key to unlocking shareholder value.
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