CDA Half Year Results Announcement
| Stock | Codan Ltd (CDA.ASX) |
|---|---|
| Release Time | 19 Feb 2026, 9:16 a.m. |
| Price Sensitive | Yes |
Codan Ltd reports strong H1 FY26 results
- Group revenue up 29%, EBIT up 52%, NPAT up 55% vs pcp
- Communications revenue up 19%, Metal Detection revenue up 46%
- Interim dividend up 56% to 19.5 cents per share
Codan Ltd, the Australian-based technology company, has announced its half year results for the period ended 31 December 2025 (H1 FY26). The company delivered a strong financial performance, with Group revenue increasing 29% to $393.5 million, earnings before interest and tax (EBIT) up 52% to $99.8 million, and net profit after tax (NPAT) rising 55% to $71.2 million compared to the prior corresponding period (pcp). The Communications segment reported revenue growth of 19% to $221.8 million and segment profit of $58.3 million, up 17% vs pcp. The Metal Detection segment delivered exceptional results, with revenue up 46% to $168.0 million and segment profit increasing 86% to $76.2 million. Earnings per share grew 54% to 39.2 cents, and the company declared an interim dividend of 19.5 cents per share, up 56% vs pcp. Codan's balance sheet remains strong, with net debt of $88.2 million and a net debt to EBITDA ratio of 0.4 times. The company said market conditions remain positive in both the Communications and Metal Detection segments, and it expects second-half performance to be at least in line with the first half. Codan is focused on investing in engineering programs to maintain product and technology leadership and support long-term growth.
Codan expects its Communications segment to deliver FY26 revenue growth within a 15 to 20% target range, supported by strong underlying demand and the full-year contribution from the Kägwerks acquisition.
Codan remains well positioned to continue investing in the business and pursue future acquisitions that fit its product and technology roadmaps and enhance the quality, resilience and diversification of its earnings. The company expects second-half performance to be at least in line with the strong first-half results, supported by favourable gold market conditions and a full six-month contribution from recent product releases.