Iofina advances enlargement however iodine output dips on water provide points

Iofina shares fell on Friday regardless of saying it was urgent forward with increasing its iodine manufacturing, as third-quarter output fell wanting expectations due to water provide issues at its crops.

The AIM-listed firm, which produces iodine from brine within the US, stated it made 205.2 tonnes of crystalline iodine within the quarter, down from 215.8 tonnes a 12 months earlier. It blamed lower-than-expected water volumes at its crops, upkeep, and delays in commissioning new amenities, although it stated water volumes had since improved. As a end result, it now expects to provide 440 to 455 tonnes within the second half.

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Iofina reported progress on its development plans, having accomplished a brand new brine pipeline at one plant and handed one other, IO#12, to its operations crew, with development of two additional crops, IO#13 and IO#14, as a result of start shortly.

The agency stated the iodine market remained robust, with costs within the mid-$70s per kilogram and above, and that its increasing capability ought to drive additional development, constructing on a file first half.

“In the Period, Iofina has made substantial progress in executing its development technique. With the extra pipeline at IO#11 accomplished, IO#12 commissioned, and agreements secured for IO#13 and IO#14, we’re executing on the enlargement of our manufacturing capability wanted to expedite our development,” stated President and CEO, Dr Tom Becker.

“Whilst manufacturing within the Period was decrease than anticipated, we’re inspired by the constructive changes made by our water provide companions and proceed to work to revive volumes to earlier ranges.

“The robust profitability achieved in H1 2026 demonstrates the earnings potential of our corporate affairs. With iodine costs remaining agency and demand strong, we’re increasing manufacturing capability at an opportune time. As these further crops come on-line, we count on to speed up manufacturing development in direction of 2000MT, strengthen profitability and ship growing worth for shareholders.”