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Champion Iron Limited (ASX:CIA)

ALERT: Price-sensitive ASX Announcement for CIA
Current share price for CIA : $3.900 -1.05 (-21.21%)+
Announcement
Release
30 Oct 2025 8:55AM
Price at Release
$4.950
Full Release
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Summary
Champion Iron Limited reported strong financial and operational results for the second quarter of FY26, ending September 30, 2025. The company achieved record sales of 3.9 million dmt and generated revenues of $493 million with an EBITDA of $175 million. Production at the Bloom Lake Mine increased by 12% year-over-year, and the DRPF project is progressing on schedule, with commissioning expected in December 2025. A semi-annual dividend of $0.10 per share was declared. Champion also formed a strategic partnership with Nippon Steel and Sojitz for the Kami Project and is advancing its feasibility study. The company maintains robust financial liquidity and is focused on sustainable operations and maximizing shareholder value.
Key Points
  • Record sales of 3.9 million dmt in Q2 FY26
  • Revenues of $493 million and EBITDA of $175 million
  • Bloom Lake production increased by 12% year-over-year
  • DRPF project on track for December 2025 commissioning
  • Declaration of $0.10 per share semi-annual dividend
  • Strategic partnership with Nippon Steel and Sojitz for Kami Project
  • Robust financial liquidity and focus on sustainable operations
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.