Q1 2027 Champion Iron Ltd Earnings Call Transcript

Jul 30, 2026 / 01:00 PM GMT

Release Date Price: €2.14 (-10.08%)

Transcript

Key Points

Positve

Champion Iron Ltd (CIAFF) successfully completed the DRPF flotation project on time and on budget, within the $500 million envelope.
The company achieved high iron recovery of 79% during the commissioning of the flotation plant, indicating strong operational performance.
First contracts for DR-quality material have been signed, with the first vessel of 160,000 tons set to load in the coming weeks, securing new revenue streams.
The company maintains a strong balance sheet with nearly $1 billion in available liquidity, providing financial flexibility.
Champion Iron Ltd (CIAFF) is seeing strong demand for its high-grade material from markets in North Africa, Europe, the Middle East, and the Americas.

Negative

Sales volumes were lower than production due to rail and port maintenance, stockpiling for DRPF product, and shipping disruptions from the Middle East conflict.
Freight costs increased significantly by 37% quarter-over-quarter to $34 per ton, driven by Middle East shipping disruptions and higher fuel costs.
Adjusted EBITDA was impacted by one-time items and lower sales volumes, falling short of expectations at around $32 million.
Cash reserves decreased from $300 million to $200 million due to DRPF CapEx finalization and the Rana Gruber acquisition.
Rana Gruber sales were limited to 200,000 tons due to vessel rerouting from the Middle East conflict and a major shutdown during the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CIA.AX - Champion Iron Ltd
Q1 2027 Champion Iron Ltd Earnings Call
Jul 30, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning, my name is Mel, and I will be your moderator for today, at this time, I would like to welcome everyone to the champions quarter 1 results of the financial year 2027.

At this time, all lines are in a listen-only mode after the speaker's presentation, we will conduct a question-and-answer session if at any time during this call you require immediate assistance, please press 0 for the operator, and please be advised that this call is being recorded today, Thursday, July.

30, 2026, I will now turn the call over to our first speaker today, Michael Market, CFO, please go ahead.

Thank you, operator, and thank you everyone for joining us on this call today.

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