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Champion Iron
(Sydney:CIA)
Champion Iron (CIA) vs. iShares MSCI Australia ETF (EWA)
Champion Iron Business Overview & Revenue Model
Champion Iron Earnings Call Summary
Champion Iron Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.79B | 1.52B | 1.40B | 1.46B | 1.28B | 655.13M |
| Gross Profit | 431.27M | 629.76M | 451.28M | 958.20M | 817.76M | 288.63M |
| EBITDA | 536.88M | 555.41M | 481.68M | 916.31M | 803.79M | 263.00M |
| Net Income | 186.01M | 234.19M | 200.71M | 522.59M | 464.43M | 83.05M |
Balance Sheet | ||||||
| Total Assets | 3.43B | 2.69B | 2.32B | 1.99B | 1.50B | 672.02M |
| Cash, Cash Equivalents and Short-Term Investments | 245.46M | 400.06M | 327.12M | 352.67M | 636.52M | 153.33M |
| Total Debt | 1.14B | 616.41M | 562.12M | 377.34M | 216.85M | 240.96M |
| Total Liabilities | 1.92B | 1.29B | 1.05B | 827.53M | 643.89M | 456.30M |
| Stockholders Equity | 1.51B | 1.40B | 1.26B | 1.16B | 853.02M | 150.35M |
Cash Flow | ||||||
| Free Cash Flow | 3.06M | 131.31M | -58.68M | -53.95M | 446.54M | 104.38M |
| Operating Cash Flow | 431.01M | 474.58M | 235.98M | 470.44M | 623.48M | 176.70M |
| Investing Cash Flow | -446.57M | -354.72M | -249.86M | -635.47M | -244.14M | -72.93M |
| Financing Cash Flow | 169.22M | -48.36M | 6.90M | -118.14M | -26.30M | 20.50M |
Champion Iron Technical Analysis
Champion Iron Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$16.64M | -0.05 | 3.77% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$50.16M | 3.58 | 19.09% | ― | ― | ― | |
59 Neutral | C$2.55B | 11.40 | 8.25% | 3.66% | 0.40% | -53.09% | |
52 Neutral | AU$513.49M | -6.44 | -16.34% | ― | -48.05% | -1394.34% | |
41 Neutral | AU$29.74M | -4.00 | -92.18% | ― | ― | 66.67% |
Champion Iron Corporate Events
Champion Iron, listed in Canada, Australia and on the OTCQX, operates in iron ore mining and processing with a focus on high-grade concentrate. The company is increasingly targeting low-carbon steelmaking markets, aiming to supply direct reduction pellet feed and other premium products aligned with global decarbonization trends in the steel sector.
In its February 2026 investor presentation, Champion Iron sets out a strategy to become a key supplier to green steel producers, supported by projects such as Bloom Lake upgrades, the DRPF conversion and the Kami iron ore project. The presentation also frames a proposed tender offer for Norwegian miner Rana Gruber as a way to expand cash flow and market reach, while emphasizing that projected synergies, accretion and operational benefits are forward-looking, non-IFRS combined figures are illustrative and the deal faces integration, financing, market and regulatory risks that investors must carefully weigh.
Champion highlights that its technical disclosures are vetted under NI 43-101 by a qualified person and that key project studies, including for the Kami Project, are publicly available. The company underscores that all outlooks on production capacity, demand growth for high-grade iron ore, and the pace of the global shift to DRI and EAF steelmaking are subject to significant uncertainty, reinforcing the need for investors to rely on their own due diligence and professional advice.
The most recent analyst rating on (AU:CIA) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron has disclosed a change in director Gary Lawler’s interests in the company’s securities, following on-market sales conducted on 5, 6 and 9 February 2026. Lawler disposed of a total of 350,000 ordinary fully paid shares at prices ranging from about A$5.35 to A$5.56 per share.
After these transactions, Lawler’s direct holding stands at 650,000 ordinary shares and 156,872 deferred share units, while entities associated with him collectively hold 719,725 ordinary shares. The notice provides transparency to investors on director share dealings but does not indicate any change in his governance role or broader company strategy.
The most recent analyst rating on (AU:CIA) stock is a Hold with a A$6.25 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has notified the market of the issuance of 26,795,921 unquoted subscription receipts, classified as convertible non-debt securities, effective 5 February 2026. These securities, which are not intended to be quoted on the ASX, form part of a previously announced transaction and represent a structured capital-raising step that could later convert into equity, potentially affecting the company’s capital structure and providing additional funding flexibility for its ongoing operations and growth initiatives.
The most recent analyst rating on (AU:CIA) stock is a Hold with a A$5.55 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has closed a US$100 million private placement of 26.8 million subscription receipts with Caisse de dépôt et placement du Québec at US$3.7319 per receipt, implying about 5% dilution on a non-diluted basis and bringing La Caisse’s stake to roughly 8.5% of the miner’s ordinary shares. The funds, which will be held in escrow until conditions linked to Champion’s voluntary cash tender offer for Norway-based iron ore producer Rana Gruber ASA are met, will be used to help finance that acquisition, underscoring Champion’s strategy to expand its high-grade iron ore footprint; if the offer conditions are not satisfied, the proceeds plus interest will be returned to La Caisse, limiting investor downside while signaling strong institutional backing for Champion’s growth plans.
The most recent analyst rating on (AU:CIA) stock is a Hold with a A$5.55 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has released its Management’s Discussion and Analysis for the three- and nine-month periods ended December 31, 2025, prepared in accordance with international and Australian interim financial reporting standards to accompany its condensed interim consolidated financial statements. The document underlines management’s responsibility for the integrity of financial reporting, details the company’s use of a range of non-IFRS performance metrics such as EBITDA, cash costs, and realized selling prices, and highlights that these measures are intended to supplement, not replace, IFRS figures, while also drawing attention to the risks and uncertainties associated with forward-looking information that could affect the company’s financial and operational performance.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron has released a presentation for its third quarter of the 2026 financial year that outlines its strategic direction, risk framework and technical underpinnings rather than offering an investment solicitation. The document emphasizes the company’s focus on high-purity and direct reduction–grade iron ore for greener steelmaking, references ongoing projects such as upgrades at Bloom Lake and the Kami Project, and notes its interest in acquiring Norway-based producer Rana Gruber to expand its portfolio and cash flow base. It also details the extensive risks tied to this strategy, including integration challenges, commodity price volatility, capital market conditions, permitting, and the pace of the steel industry’s shift toward electric arc furnaces, underscoring that many operational and financial metrics are based on non-IFRS measures and subject to significant uncertainty.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited reported a stronger balance sheet as of December 31, 2025, with total assets rising to C$3.43 billion from C$3.03 billion at March 31, 2025, driven by higher cash, increased receivables and substantial investment in property, plant and equipment. Cash and cash equivalents more than doubled to C$245.1 million, inventories declined, and a new investment in a joint venture appeared on the balance sheet, while shareholders’ equity increased to C$1.51 billion, reflecting higher retained earnings and additional share capital despite the elimination of warrants. On the liability side, total obligations grew to C$1.92 billion, largely due to a significant increase in long-term debt and other long-term liabilities, underscoring a more leveraged capital structure as the company continues to fund expansion and development initiatives that could support future production capacity and reinforce its position in the high-grade iron ore market.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron reported solid third-quarter FY2026 results, with production of 3.7 million wet metric tonnes of 66.5% Fe concentrate, record sales of 3.9 million dry metric tonnes and revenue of $472 million, translating into net income of $65 million, EBITDA of $152 million and EPS of $0.12. Operationally, the miner reduced Bloom Lake stockpiles by 1.1 million tonnes despite a late-December rail disruption, lifted material moved by 13% year-on-year, and maintained a competitive C1 cash cost of US$53/dmt, while ending the quarter with $245 million in cash and total liquidity of $751 million, underpinning ongoing capital spending and dividends. Strategically, Champion advanced its DRPF project on schedule, initiating mechanical commissioning of facilities that will convert half of Bloom Lake’s capacity to higher-value DR-quality pellet feed grading up to 69% Fe, with first shipments expected by mid-2026 and targeted premiums in markets such as the Middle East and North Africa. The company is also pursuing the acquisition of high-purity iron ore producer Rana Gruber with new financing support and progressing the Kami project feasibility study with Japanese partners, moves that collectively aim to diversify its asset base, enhance exposure to green steel markets and support long-term value creation for shareholders.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited announced it will release its financial statements and management’s discussion and analysis for the third quarter ended December 31, 2025, of its 2026 financial year ahead of a conference call and webcast scheduled for January 29, 2026, in Montréal (January 30 in Sydney). Senior management will review the company’s operational and financial performance, and the live webcast and subsequent 90-day replay will be made available through its investor relations website, underscoring Champion’s ongoing engagement with shareholders and the market as it advances its high-grade iron ore strategy and associated growth projects in the Labrador Trough.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited said rail service has resumed on the Quebec North Shore and Labrador Railway following a third-party train derailment in late December that temporarily disrupted the route used to transport high-purity iron ore concentrate from its Bloom Lake mine to the port of Sept-Îles. While Bloom Lake’s mining operations were not materially affected, the company was forced to stockpile concentrate on site during the interruption and is now working with the railway operator to optimize the gradual restart of services and limit any impact on its operations and sales, a development that should help stabilize logistics and mitigate potential ripple effects for its global customer base.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has notified the market of the cessation of certain equity-based incentive securities, including 16,164 performance share units and 8,613 restricted share units, after the conditional rights attached to these instruments lapsed when their performance or vesting conditions were not met as of October 17, 2025. The lapse of these units marginally reduces the company’s potential dilution from incentive arrangements and indicates that specific performance hurdles or service conditions under its equity compensation plans were not satisfied, which may be interpreted by investors as a signal about recent operational or financial performance relative to targets, while leaving the company’s existing issued capital otherwise unchanged.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited reported a change in director Michelle Cormier’s interests following the issuance of 2,695 Deferred Share Units (DSUs) on 29 December 2025 under the company’s 2018 Omnibus Incentive Plan, at a price of CAD4.93 per DSU. As a result of this equity-based award, Cormier’s holdings increased to 456,500 ordinary shares and 135,597 DSUs, reflecting the company’s ongoing use of long-term incentive structures to align board compensation with shareholder interests; the transaction did not involve any disposals, was not conducted during a closed trading period, and signals continued emphasis on performance-linked governance practices.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has disclosed a change in director Louise Grondin’s interests following the automatic issue of 2,455 Deferred Share Units (DSUs) under the company’s 2018 Omnibus Incentive Plan. The issuance, valued at CAD4.93 per DSU, increases Grondin’s direct holding from 121,083 to 123,538 DSUs and reflects the ongoing use of equity-based incentives to align director remuneration with shareholder interests without involving any on-market trades or changes to contractual interests.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has reported a change in director Gary Lawler’s interests in the company’s securities, following the issue of 3,134 deferred share units (DSUs) on 29 December 2025 under the company’s 2018 Omnibus Incentive Plan at a deemed price of A$5.40 per unit. As a result of this grant, Lawler’s holdings now comprise 700,000 ordinary shares and 156,872 DSUs in his own name, as well as indirect interests in additional ordinary shares held through Parcent Holdings Pty Limited and a related superannuation fund, underscoring the use of equity-based incentives to align director remuneration with shareholder value.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has disclosed a change in director Jessica McDonald’s interests, with the issuance of 984 Deferred Share Units (DSUs) on 29 December 2025 under the company’s 2018 Omnibus Incentive Plan, increasing her total holding to 49,439 DSUs. The transaction, conducted at a price of CAD4.93 per DSU and occurring outside a closed trading period, reflects the ongoing alignment of director incentives with shareholder interests through equity-based compensation, reinforcing governance transparency and regulatory compliance.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited reported a change in director Ronald Hugh Beevor’s interests following the issuance of 984 deferred share units (DSUs) at A$5.40 each under the company’s 2018 Omnibus Incentive Plan. The transaction, which did not involve any disposal of securities, increased Beevor’s direct DSU holdings to 49,183 while his ordinary shareholdings remained unchanged, underscoring the company’s continued use of long-term equity incentives to retain and align key board members with the company’s performance and shareholder value.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has disclosed a change in the securities holdings of Chief Executive Officer and director David Cataford, following the issue of additional equity incentives under the company’s 2018 Omnibus Incentive Plan. On 29 December 2025, Cataford received 24,364 performance share units and 16,243 restricted share units at a deemed value of CAD4.93 per unit, increasing his direct holdings of performance and restricted share units while his ordinary shareholdings remained unchanged. The transaction, which did not involve any disposals, reflects the continued use of long-term share-based awards to align executive interests with shareholder value and may be viewed by investors as reinforcing management’s commitment to the company’s future performance.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has notified the market of the issuance of a total of 145,281 unquoted securities under its employee incentive schemes, comprising 80,976 performance share units, 54,053 restricted share units and 10,252 deferred share units, all dated 29 December 2025. The move underscores the company’s continued use of equity-based compensation to align employee and executive interests with shareholders and support talent retention, though the unquoted nature of the securities means there is no immediate impact on the company’s public float or trading liquidity.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron has reported that a third‑party train derailment on the Quebec North Shore and Labrador Railway, which carries high‑purity iron ore concentrate from its Bloom Lake mine to the port of Sept‑Îles, is expected to be resolved within seven to ten days, with no injuries reported. Based on the railway operator’s current timeline, the company does not anticipate a material impact on Bloom Lake’s operations or iron ore sales and is working with the railway operator and local partners to limit disruption, suggesting that logistics and revenue effects should remain contained for customers and other stakeholders if service resumes as planned.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron Limited has lodged an Appendix 3B notice with the ASX outlining a proposed placement of up to 26,795,921 new subscription receipts, structured as convertible non-debt securities. The proposed issue, expected to occur on 5 February 2026, signals the company’s intention to raise additional capital, which could support its ongoing operational and growth initiatives while potentially leading to future equity dilution for existing shareholders as the receipts convert into listed securities.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
Champion Iron has agreed to launch a voluntary cash tender offer to acquire all shares of Norwegian high-grade iron ore producer Rana Gruber for NOK 2.93 billion (US$289 million), backed by a US$100 million equity private placement from La Caisse and a fully underwritten US$150 million term loan from Scotiabank. The deal, already supported by Rana Gruber’s management, board and shareholders holding about 51% of the stock, would significantly expand Champion’s portfolio of premium iron ore concentrates, deepen its exposure to Europe, and create a larger, more diversified high-grade producer aligned with the green steel supply chain, with management highlighting expected accretion to revenue, EBITDA and cash flows, stable leverage metrics, and strategic benefits from Rana Gruber’s long-life, low-emission operations and specialty magnetite products.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.