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Codan Limited (ASX:CDA)

ALERT: Price-sensitive ASX Announcement for CDA
Current share price for CDA : $44.650 10.01 (28.90%)+
Announcement
Release
19 Feb 2026 9:16AM
Price at Release
$34.640
Full Release
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Summary
Codan Limited reported strong financial results for the half-year ending 31 December 2025, with a 29% revenue increase to $394 million and significant growth in earnings before interest and tax (EBIT) and net profit after tax (NPAT), rising by 52% and 55% respectively compared to the prior corresponding period. The company's Communications and Metal Detection segments contributed to this growth, with Minelab leading the Metal Detection segment with a 46% revenue increase. The company declared a 19.5 cents dividend per share, fully franked, marking a substantial improvement over the previous period's dividend. Codan continues to focus on its diversified technology strategy, aiming for long-term growth while maintaining a strong balance sheet with increased financial flexibility. Strategic investments in new product launches and group service enhancements have been prioritized to support continued innovation and market competitiveness.
Key Points
  • Codan delivered strong financial results for H1 FY26 with revenues growing 29% to $394 million.
  • Earnings before interest and tax (EBIT) increased by 52% and net profit after tax (NPAT) increased by 55% compared to H1 FY25.
  • The Communications segment revenue rose by 19% to $221.8 million, contributing significantly to overall growth.
  • Minelab, part of the Metal Detection segment, achieved a 46% increase in revenue to $168.0 million.
  • The company declared an interim dividend of 19.5 cents per share, fully franked, indicating a 56% increase compared to the previous corresponding period.
  • Codan remains focused on a diversified technology portfolio strategy, ensuring strong market positioning and long-term growth potential.
  • The company's net debt increased by approximately $10 million, with a strong balance sheet position and financial flexibility.
  • Key investments were made in strengthening group services and launching new products, enhancing product innovation.
  • Kägwerks contributed to the full first half with a focus on integration within Codan’s DTC division.
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.