Iofina Provides Q1 2025 Update: Production Impacted by Extreme Weather, but Iodine Prices Remain Strong
Why we think this is neutral
The Q1 2025 update from Iofina plc provides a mixed picture. While iodine production was lower than expected due to extreme winter weather, the company continues to benefit from strong iodine prices and is making progress on its new IO#11 plant. However, the guidance revision for H1 2025 production is a negative, and there are no transformational announcements or profit upgrades that would warrant a 'VERY_GOOD' sentiment score. Overall, the news is neutral, with both positive and negative factors present.
Key Points
- Q1 2025 iodine production of 124.1 metric tonnes, slightly higher than Q1 2024
- Lower-than-expected production due to extreme winter weather affecting brine water flow
- H1 2025 production now expected to be around 300MT, compared to previous guidance of 320MT-355MT
- Iodine prices have remained strong, above $70/kg, and the company is selling all the iodine it is producing
- IO#11 plant on track to be running in Q3 2025
- Evaluations underway for potential IO#12 plant, with plans to have it under construction by the end of 2025
Summary
Iofina plc, a leading North American iodine producer, provided a Q1 2025 corporate update. The company reported that iodine production was 124.1 metric tonnes, slightly higher than Q1 2024, but lower than expected due to extreme winter weather affecting brine water flow to its plants. As a result, the company now expects H1 2025 production to be around 300MT, compared to the previously guided range of 320MT-355MT. However, iodine prices have remained strong, above $70/kg, and the company is selling all the iodine it is producing. The company also provided an update on its new IO#11 plant, which is on track to be running in Q3 2025, and said it is performing evaluations for a potential IO#12 plant, with plans to have it under construction by the end of 2025.