IOFINA PLC
Iofina plc is an AIM-listed holding company that extracts iodine from oil and gas brine and manufactures speciality chemical derivatives through its US-based subsidiaries, Iofina Resources and Iofina Chemical.
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Cash
£8.8M
USD 11,731,000
+71.1% highest in 3 filed years
Net assets
£42M
USD 55,683,000
+16.5% highest in 3 filed years
Employees
126
+8.6% highest in 3 filed years
Profit before tax
£7.9M
USD 10,526,000
+119.3% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £37,457,703 | £40,773,319 | £49,794,131 | +22.1% | |
| Operating profit | £6,433,598 | £3,710,885 | £6,501,722 | +75.2% | |
| Profit before tax | £6,223,986 | £3,592,604 | £7,879,922 | +119.3% | |
| Net profit | £4,913,909 | £2,184,459 | £5,890,103 | +169.6% | |
| Cash | £4,879,473 | £5,133,253 | £8,782,003 | +71.1% | |
| Total assets less current liabilities | £36,696,362 | £38,473,574 | £48,209,313 | +25.3% | |
| Net assets | £33,500,524 | £35,777,062 | £41,685,133 | +16.5% | |
| Equity | £33,500,524 | £35,777,062 | £41,685,133 | +16.5% | |
| Average employees | 108 | 116 | 126 | +8.6% | |
| Wages | £6,217,997 | £7,010,031 | £7,751,160 | +10.6% | |
| Directors' remuneration | £536,778 | £846,684 | £905,076 | +6.9% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 17.2% | 9.1% | 13.1% | |
| Net margin | 13.1% | 5.4% | 11.8% | |
| Return on capital employed | 17.5% | 9.6% | 13.5% | |
| Gearing (liabilities / total assets) | 26.1% | 25.1% | 29.7% | |
| Current ratio | 2.79x | 20.16x | 21.78x | |
| Interest cover | 26.28x | 18.64x | 27.93x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- IOFINA PLC 2007-11-12 → present
- IOFINA NATURAL GAS PLC 2006-02-24 → 2007-11-12
- IOFINA PLC 2006-02-08 → 2006-02-24
- COMMODORE RESOURCES PLC 2005-03-15 → 2006-02-08
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has performed well in 2025 and is performing as anticipated in 2026. In 2025, the Group achieved a profit before taxation of $10.5m and a net cash inflow from operating activities of $8.9m. Net cash of $2.9m at the end of 2024 improved to net cash of $5.2m as of 31 December 2025. The markets into which the Group sells its products continue to experience good demand.”
Group structure
- IOFINA PLC · parent
- Iofina, Inc. 100%
- Iofina Resources, Inc. 100%
- Iofina Chemical, Inc. 100%
- IofinaEX, Inc. 100%
- Iofina Resources, LLC (CO) 100%
- Iofina Resources, LLC (TX) 100%
Significant events
- “Beginning in late 2024, Iofina Chemical commercialised production of an iodine-based animal feed compound. The production of this compound ramped up in 2025 and resulted in significant North American sales of this feed additive.”
- “At 31 December 2025 the Group had capital commitments amounting to approximately $8m in respect of the construction of IO#12 plant.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLDEN, Simon William | Secretary | 2013-06-19 | — | — |
| BALLER, Lance Jason | Director | 2014-04-09 | Feb 1974 | American |
| BECKER, Thomas Matthew | Director | 2014-06-10 | Sep 1969 | American |
| FALLIN CHRISTENSEN, Mary | Director | 2020-04-01 | Dec 1954 | American |
| HUGHES, Timothy John | Director | 2026-01-01 | Mar 1964 | British |
| LEWIN, Malcolm Thomas | Director | 2016-11-04 | Mar 1951 | British |
| MERMOUD, Jules Frank | Director | 2018-11-16 | Aug 1956 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALLER, Lance Jason | Secretary | 2006-11-14 | 2013-06-19 |
| REYNOLDS, Cameron John | Secretary | 2005-03-15 | 2006-11-14 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2005-03-15 | 2005-03-15 |
| BALLER, Lance Jason | Director | 2006-02-28 | 2013-06-19 |
| BELLAMY, William Delaney, Dr. | Director | 2014-03-20 | 2024-06-13 |
| CHASE-GARDENER, Paul Simon | Director | 2008-09-09 | 2014-04-25 |
| CODDINGTON, Thomas Michael | Director | 2014-06-10 | 2015-10-28 |
| DORN, Forest Dale, Ceo Of Iofina Natural Gas, Inc. | Director | 2010-01-12 | 2014-06-10 |
| EATON, Stuart Michael | Director | 2013-01-14 | 2013-11-22 |
| FAY, Christopher Ernest, Dr | Director | 2008-04-01 | 2014-03-31 |
| GATCHELL, Gary Dale | Director | 2013-08-16 | 2014-04-25 |
| HEKKING, Neil Kirby | Director | 2015-10-28 | 2016-02-15 |
| LANTZ, George Everett | Director | 2013-09-19 | 2014-04-25 |
| MENDELL, Paul Ethan | Director | 2006-02-28 | 2006-11-14 |
| PLOEN, Jeffrey Paul | Director | 2006-02-28 | 2014-12-15 |
| REYNOLDS, Cameron John | Director | 2005-03-15 | 2006-11-14 |
| SAADIEN, Eoin Barry | Director | 2005-03-15 | 2006-11-14 |
| SCHNEIDER, David J, Dr | Director | 2007-10-22 | 2010-03-14 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2005-03-15 | 2005-03-15 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 2005-03-15 | 2005-03-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 161 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-16 RESOLUTIONS Resolution
- 2024-06-21 RESOLUTIONS Resolution
- 2023-07-18 RESOLUTIONS Resolution
- 2022-07-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-20 | AA | accounts | Accounts with accounts type group | |
| 2026-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-07-15 | CERT17 | capital | Certificate capital reduction issued capital share premium cancellation share premiumn | |
| 2025-07-15 | OC138 | capital | Legacy | |
| 2025-06-16 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-05 | AA | accounts | Accounts with accounts type group | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type group | |
| 2024-06-21 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-18 | AA | accounts | Accounts with accounts type group | |
| 2023-04-25 | CH01 | officers | Change person director company with change date | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-04 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.