Iofina's Iodine Power Play: Doubling Production to 2,000 Metric Tons

Record 2025: Production, Revenue, and EBITDA All at All-Time Highs

Iofina closed out 2025 with record production of 743 metric tons of crystalline iodine, a 22% revenue increase to $66.5 million, and record EBITDA. The company sold 780 metric tons, including some delayed shipments from the prior year. CEO Tom Becker summarized the achievement: “we produced a record amount of crystalline iodine with our eight IOsorb plants” — Thomas Becker, CEO · 2026-05-19. This output, combined with a favorable iodine production and pricing, underpins the company's confidence in its growth trajectory.

Permian Basin: The Key to 2,000 Metric Tons

The strategic pivot is the new Permian Basin plant with Western Midstream, expected online in Q3 2026, which should lift run-rate production to 1,000 metric tons. This is the first step in the plan to double again to 2,000 within 3–4 years. “once this plant opens in the Permian Basin... we're going to be at or near a run rate of 1,000 metric tons” — Thomas Becker, CEO · 2026-05-19. The plant is larger (150–220 metric tons) and cheaper per ton than Oklahoma plants, with a build cost of $8–9 million versus $5.3 million for IO#11, which produces 100 metric tons.

Iodine Market and Pricing Support the Growth Plan

Global iodine demand is growing 3–5% per year, driven by X-ray contrast media, LCD screens, and a range of healthcare and industrial applications. The average realized price rose 8% to $74.02/kg in 2025, and the company reported that pricing has remained firm in early 2026. CFO Malcolm Lewin noted: “the revenue number hit $66.5 million, 22% up on the previous year” — Malcolm Lewin, CFO · 2026-05-19. The company expects the iodine market to continue expanding, supporting its aggressive production build-out.

Financial Discipline and Path to Scale

Iofina finished 2025 with $5.2 million net cash and is funding new plants from cash and modest debt. CEO Becker emphasized that the metric ton expansion to 2,000 will require capital but will become self-funding as revenues from larger plants flow in. He also noted that most sales are on a spot basis: “Most of our products are being sold on a spot basis” — Thomas Becker, CEO · 2026-05-19. This flexibility, combined with cost increases of only 2% across production plants, provides a strong foundation for the rapid growth plan. The company plans to build one larger plant roughly every 9 months, with a pipeline of potential sites in the Permian Basin and Oklahoma.

We have really evaluated the business and our growth opportunities and have a plan in place to go from this 1,000 metric tons to a 2,000 metric ton target. And it's not going to take us 8 to 10 years to do that. We're predicting that this is a 3- to 4-year plan.