On Wednesday, Champion Iron Limited (CIA.TO,CIA.AX), a mining company based in Australia, reported lower profit in the fourth quarter, attributable to weak revenues due to lower sales volume, despite production growth.
On Thursday, the shares closed at A$4.78, 4.59 percent lower on the ASX.
Further, Champion's Board has approved a revised shareholder return framework for future dividends.
The net income of the fourth quarter was C$23.19 million or C$0.04 per share, down 41 percent from C$39.14 million or C$0.08 per share in 2025.
According to the company, the decrease in profit was attributable to an unrealized foreign exchange loss, and lower revenues.
The EBITDA went down 10 percent to C$114.34 million from C$127.38 million in the previous year.
The revenue for the fourth quarter decreased 3 percent to C$414.51 million from C$425.35 million in 2025.
Quarterly Iron ore concentrate sales of 3.46 million dry metric tonnes or dmt dropped 1 percent from last year.
Iron ore concentrate production, on the other hand, rose 8 percent to 3.44 million wet metric tonnes or wmt from 3.17 million wmt in the prior year.
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