Champion Iron Limited Earnings Recaps
Q3 2026
Jan 29, 2026
Champion Iron’s Q3 FY2026 results reflect steady operational performance with significant production and reduced cash costs, positioning the company well for future growth and sustainability initiatives.
Key takeaways
- Produced 3.7 million tonnes and sold 3.9 million tonnes during the quarter, maintaining strong operational throughput.
- EBITDA stood at $150 million with a net income of $65 million, despite a flat quarter-on-quarter performance due to provisional price adjustments.
- Cash costs decreased to just below $74 per tonne, demonstrating effective cost management and operational efficiency.
- Continued investment in growth initiatives, with the DRPF project nearing completion and first tonnes expected in H1 2026.
- Strong balance sheet with $1.1 billion in cash and liquid assets, supporting ongoing and future development projects.