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Codan Limited (ASX:CDA)

ALERT: Price-sensitive ASX Announcement for CDA
Current share price for CDA : $43.480 8.84 (25.52%)+
Announcement
Release
19 Feb 2026 9:16AM
Price at Release
$34.640
Full Release
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Summary
Codan Limited has reported strong financial results for the first half of the fiscal year ending December 31, 2025. The company achieved a 29% increase in revenue compared to the prior corresponding period, totaling $393.5 million. Earnings before interest and tax rose by 52% to $99.8 million, and net profit after tax increased by 55% to $71.2 million. The impressive performance was driven by significant growth in both its Communications and Metal Detection segments. The Communications segment reported a 19% revenue increase to $221.8 million, while Metal Detection revenue grew by 46% to $168.0 million. The directors declared an interim fully franked dividend of 19.5 cents per share, which represents a 56% increase compared to the previous period. The results reflect Codan's strategic execution, favorable market conditions, and its diversified technology portfolio.
Key Points
  • Codan Limited reported a 29% increase in revenue for the first half of FY26.
  • Earnings before interest and tax rose by 52% to $99.8 million.
  • Net profit after tax increased by 55% to $71.2 million.
  • The Communications segment saw a 19% increase in revenue.
  • Metal Detection segment revenue grew by 46%.
  • An interim fully franked dividend of 19.5 cents per share was declared.
  • The strategic execution and diversified technology portfolio are cited as reasons for strong performance.
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.