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Champion Iron Limited (ASX:CIA)

ALERT: Price-sensitive ASX Announcement for CIA
Current share price for CIA : $3.310 -1.7 (-33.93%)+
Announcement
Release
28 May 2026 10:32AM
Price at Release
$5.010
Full Release
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Summary
Champion Iron Limited's FY2026 Appendix 4E report highlights a strong financial performance with a 10% increase in revenue to C$1.770 billion and a 19% rise in net profit attributable to members, reaching C$168.7 million. The company declared a final unfranked dividend of C$0.02 per share. Strategic asset reallocation included the formation of the Kami Iron Mine Partnership, where a 51% interest was maintained. The company's focus on operational efficiency was evident as net tangible assets per share rose to C$2.87. The financial results were audited by Ernst & Young, ensuring compliance and transparency in reporting.
Key Points
  • Champion Iron Limited reported revenue of C$1,769,731,000 for FY2026, a 10% increase from FY2025.
  • Net profit attributable to members for FY2026 was C$168,736,000, reflecting a 19% increase from the previous year.
  • A final unfranked dividend of C$0.02 per share was declared, payable on July 8, 2026.
  • The company transferred assets related to the Kamistiatusset properties into Kami Iron Mine Partnership, with a 51% interest retained.
  • Champion recognized a C$2,087,000 share of loss from the Kami Iron Mine Partnership joint venture.
  • Net tangible assets per share increased to C$2.87 from C$2.76 in the previous year.
  • The financial statements for FY2026 were audited by Ernst & Young (Australia).
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.