Champion Iron turns to FY27 Q1 net loss of $41.53 million; revenue drops 14% to $356.88 million Q/Q
Reuters2026/07/29 22:40- Champion Iron swung to a net loss of $41.5 million, or $0.07 a share, in Q1 FY27.
- Revenue fell 14% from the prior quarter to $357 million; EBITDA slid 71% to $32.79 million.
- Sales volumes dipped 3% from the prior quarter to 3,339,000 dmt, while production climbed 15% to 3,939,400 wmt.
- Results were hit by deferred shipments tied to DRPF commissioning, higher freight and fuel, DRPF start-up costs of $6.6 million.
- Completed the Rana Gruber acquisition; first DR-quality iron ore produced, with an inaugural commercial shipment expected in Q3 2026.
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