Champion Iron Reports Q2 Revenue of C$403.93M and Decreased Adjusted EBITDA
Champion Iron reported its second-quarter financial results, highlighting a significant decline in profitability despite growth in production volumes. The company recorded revenue of C$403.93 million, representing an 18% decrease year-over-year, while adjusted EBITDA fell sharply to C$23.27 million from C$174.84 million in the prior-year period. On the operational front, production of high-purity iron ore concentrates rose by 9% year-over-year to 3.90 million wmt, and consolidated sales reached a record 4.50 million dmt, up 17%. Despite the earnings contraction, the company maintains a strong liquidity position with C$618.45 million available as of September 30.
Tickers: $CMPIY
Topics: earnings report EBITDA decrease production increase revenue decline