Iofina shares jump 12% as record Q1 output drives guidance upgrade

The institution produced 178.9 metric tonnes of crystalline iodine from its 8 IOsorb plants successful Oklahoma successful the archetypal 4th of 2026, up 44% from 124.1 metric tonnes successful the aforesaid play past year.

Higher-than-usual brine temperatures and capableness added successful the 2nd fractional of 2025 drove the outperformance.

Iofina present expects first-half 2026 accumulation of astir 385 metric tonnes, comfortably up of anterior guidance of 325 to 355 metric tonnes.

Spot prices for earthy iodine stay supra $70 per kilogram, underpinned by beardown demand, and the institution said it has seen nary interaction from caller planetary proviso concatenation disruptions.

Construction of a new, larger IOsorb works with Western Midstream Partners successful the Permian Basin remains connected way for the second portion of the 3rd 4th of 2026.

President and main enforcement Tom Becker said the grounds 4th positions the institution firmly up of its archetypal targets and signals the commencement of a caller signifier of much accelerated expansion.

After an archetypal spurt, the banal settled at 31.49p, up 7% connected the day. Year-to-date, it is up 17%.