Champion Iron Reports FY2026 Fourth Quarter Results
Key points
- Quarterly production of 3.4M wmt, sales of 3.5M dmt, revenues of $415M and EBITDA of $114M
- DRPF project commissioning advancing as planned
- Acquisition of Rana Gruber completed in April 2026
- Revised dividend policy approved for future shareholder returns
Full summary
Champion Iron Limited reported its financial and operational results for the fourth quarter and full year ended March 31, 2026. The company produced 3.4 million wet metric tonnes (wmt) of high-purity 66.2% Fe concentrate, an 8% increase from the same period in 2025. Sales were 3.5 million dry metric tonnes (dmt), comparable to the prior year. Revenues were $415 million, and EBITDA was $114 million. The company's DRPF project is on track for initial production by the end of Q2 2026. The acquisition of Rana Gruber, a Norwegian iron ore producer, was completed in April 2026. Champion Iron also announced a revised dividend policy to align future shareholder returns with the company's financial capacity.
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