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Codan Limited (ASX:CDA)

ALERT: Price-sensitive ASX Announcement for CDA
Current share price for CDA : $44.820 10.18 (29.39%)+
Announcement
Release
19 Feb 2026 9:20AM
Price at Release
$34.640
Full Release
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Summary
The Half Year Results Investor Presentation for Codan Limited reveals strong performance for the first half of fiscal year 2026. Codan reported a 29% increase in revenue to $393.5 million, driven by strong organic growth and a full first half contribution from Kägwerks. The EBIT increased by 52% to $99.8 million, and NPAT rose by 55% to $71.2 million compared to the previous corresponding period. The company declared a fully franked interim dividend of 19.5 cents, up 56% from the previous period. Revenue growth was particularly strong in the metal detection segment, which saw a 46% increase, while the communications segment grew by 19%. The company has been investing in strengthening people, processes, and systems to support strategic growth initiatives. Codan's financial position remains solid with a net debt-to-EBITDA ratio of 0.4 times, and they hold an undrawn debt facility of $140 million with an additional $150 million capacity. The company's commitment to innovation is reflected in its ongoing engineering investments, which totaled $35.8 million for the half year, focusing on advanced communications platforms and detection products.
Key Points
  • Codan's revenue increased by 29% to $393.5 million.
  • EBIT rose by 52% to $99.8 million.
  • NPAT increased by 55% to $71.2 million.
  • Interim dividend of 19.5 cents, fully franked, up 56%.
  • Strong performance in metal detection with 46% revenue growth.
  • Communications segment revenue grew by 19%.
  • Net debt-to-EBITDA ratio of 0.4 times.
  • Engineering investment of $35.8 million for H1 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.