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Champion Iron (CIA) investor relations material
Champion Iron Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved quarterly production of 3.7M wmt high-grade 66.5% Fe concentrate and record sales of 3.9M dmt, with revenue of $472.3M, net income of $65M, EBITDA of $152.4M, and EPS of $0.12 for Q3 FY26, driven by strong operational performance and improved costs.
Reduced mine stockpiles by 1.1M tons, increasing port inventories to 900,000 tons for future vessel loading.
Maintained strong community engagement and safety record, with significant partnership activities and no major incidents.
Entered into a fully financed agreement to acquire Rana Gruber for US$289M, expanding European market access and operational synergies, with closing expected in Q2 2026.
Progressed on the DRPF project, with commissioning underway and first commercial tons expected by end of H1 2026.
Financial highlights
Revenue of $472.3M, EBITDA of $152.4M, and net income of $65M for the quarter, with EPS of $0.12.
3.9M dmt of iron ore concentrate sold, with 3.7M wmt produced and ore recovery at 79.7%.
Net realized price of CAD 121 per ton, with C1 cash cost at $73.9/dmt and AISC at $89.7/dmt, both improved year-over-year.
Cash and equivalents at $245.1M as of December 31, with total liquidity up to $1.1B including available loans.
Provisional price adjustment was minor at $3.3M, impacting results by $0.80 per ton sold.
Outlook and guidance
DRPF plant commissioning ongoing, with ramp-up to nameplate capacity expected over 12 months; first commercial sales targeted for H1 2026, with meaningful price impact expected in Q3.
DR grade premiums have increased year-over-year, with expectations for improved margins as product quality is proven.
Kami project feasibility and permitting on track for completion by year-end, with DFS expected by end of 2026 and potential for future construction.
Inventory management strategies in place to sell 1.5M wmt of stockpiled iron ore concentrate in the near term.
Anticipates continued operational improvements and stable ore recoveries.
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- TMCV
Q2 FY26 delivered strong growth, margin gains, and record cash flow despite mark-to-market losses. - BMRI
2025 net profit up to Rp61.3T, assets at Rp2,830T, and NIM ranged from 4.59% to 4.89%. - XEL
Ongoing EPS reached $3.80 in 2025; 2026 guidance is $4.04–$4.16 with a $60B capital plan. - EL
Strong Q2 results and raised FY26 outlook, with sales and margins up despite headwinds. - KCR
Record profitability and strong orders in 2025; stable outlook for 2026 amid uncertainties. - 532539
Record Q3 FY26 revenue and profit growth, major expansions, and strong industry outlook. - HAE
Gross margin and net income rose despite lower revenue; guidance for EPS and cash flow increased. - QIGD
Revenue up 18% but net profit down 15% as higher costs and dividends reduced margins and equity. - MYCR
Record annual sales, Q4 order drop, strong Global Technologies, and four acquisitions. - 532548
Revenue up 18.4% YoY, margin gains, and capacity expansions support a positive outlook.
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