IOFINA PLC

1. IOFINA PLC 2007-11-12 → present
2. IOFINA NATURAL GAS PLC 2006-02-24 → 2007-11-12
3. IOFINA PLC 2006-02-08 → 2006-02-24
4. COMMODORE RESOURCES PLC 2005-03-15 → 2006-02-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

UHY Hacker Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Group has performed well in 2024 and is performing as anticipated in 2025. In 2024, the Group achieved a profit before taxation of $4.8m and a net cash inflow from operating activities of $11.5m. Net cash of $1.2m at the end of 2023 improved to net cash of $2.9m as of 31 December 2024. The markets into which the Group sells its products continue to experience good demand. Iofina has obtained additional and appropriate credit facilities to fund current business growth objectives. The Group has prepared forecasts and projections that indicate there are adequate resources to continue in operational existence for the foreseeable future. The Directors consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. IOFINA PLC · parent
   1. Iofina, Inc. 100% · United States/CO · Holding company
   2. Iofina Resources, Inc. 100% · United States/CO · Iodine production
   3. Iofina Chemical, Inc. 100% · United States/DE · Specialty chemical
   4. IofinaEX, Inc. 100% · United States/KY · Dormant
   5. Iofina Resources, LLC 100% · United States/CO · Dormant
   6. Iofina Resources, LLC 100% · United States/TX · Dormant

Significant events

• “In 2024 (the "Period"), Iofina continued to execute its strategic business objectives, resulting in record revenues for the seventh consecutive year, the highest iodine production volume in the Group's history, and the successful commissioning of IOsorb plant IO#10 in September 2024.”
• “Additionally, IR signed an agreement with a brine supply partner for its next IOsorb® plant, IO#11, and construction started late in the year. This plant is in our new core area of central Oklahoma, and with an existing partner that supplies brine to two of our plants in the NW Oklahoma region. We expect IO#11 to be online and producing iodine in Q3 2025, with eight plants expected to be producing iodine in 2025, Iofina anticipates another record year of iodine production.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

3

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.9%

  £37,091,179 → £40,374,351

• Cash

  +5.2%

  £4,831,727 → £5,083,024

• Net assets

  +6.8%

  £33,172,721 → £35,426,983

• Employees

  +7.4%

  108 → 116

• Operating profit

  -42.3%

  £6,370,645 → £3,674,574

• Profit before tax

  -42.3%

  £6,163,084 → £3,557,450

• Wages

  +12.7%

  £6,157,153 → £6,941,438

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers