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Codan Limited (ASX:CDA)

ALERT: Price-sensitive ASX Announcement for CDA
Current share price for CDA : $39.650 15.98 (67.51%)+
Announcement
Release
21 Aug 2025 9:18AM
Price at Release
$23.670
Full Release
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Summary
Codan Limited reported strong financial performance for the fiscal year 2025. The company achieved a total revenue of $674.2 million, marking a 22% increase from the previous year. The Communications segment saw a significant revenue increase of 26% to $413.5 million, while the Metal Detection segment grew by 16% to $254.8 million. The group’s net profit after tax rose by 27% to $103.5 million, with an improved NPAT margin of 15.3% of sales. Codan also noted an increase in its net debt by $2.8 million year-on-year due to acquisitions, and the Communications order book expanded by 28% to $253 million. The company anticipates continued growth in FY26, supported by secured revenues and favorable market conditions.
Key Points
  • Includes approx. 7 months revenue contribution from Kägwerks acquisition.
  • Communications revenue of $413.5 million, a 26% increase from the previous year.
  • Metal Detection revenue of $254.8 million, a 16% increase from the previous year.
  • Group NPAT margin increased to 15.3% of sales.
  • Total revenue in FY25 was $674.2 million, a 22% increase from FY24.
  • EBITDA grew by 25% to $183.7 million.
  • Net profit after tax increased by 27% to $103.5 million.
  • Net debt increased by $2.8 million year-on-year, after funding $35.7 million for acquisitions.
  • The order book for Communications grew to $253 million, a 28% increase from the previous year.
  • Codan is positioned for sustained growth with favourable market conditions and expected revenue growth in FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.