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Codan Limited (ASX:CDA)

ALERT: Price-sensitive ASX Announcement for CDA
Current share price for CDA : $46.660 3.18 (7.31%)+
Announcement
Release
20 Aug 2026 8:58AM
Price at Release
$43.480
Full Release
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Summary
Codan Limited announced its FY26 results, showcasing strong financial performance with a 30% increase in revenue, reaching $875 million. Earnings before interest and tax (EBIT) rose by 67% to $244.1 million, and net profit after tax (NPAT) increased by 69% to $175.2 million, surpassing the guidance given in April 2026. The Communications segment, driven by unmanned radio systems, saw a 22% revenue growth, exceeding targets, while Metal Detection achieved a 42% revenue rise, fueled by gold detector demand. Codan ended FY26 with net cash of $35.7 million, reflecting improved cash collections and a robust balance sheet. Key acquisitions and continued product innovation across its segments have positioned Codan for continued growth into FY27, with anticipated revenue growth driven by sustained demand in unmanned systems and metal detection products.
Key Points
  • Revenue growth of 30% to $875 million.
  • EBIT increased by 67% to $244.1 million.
  • NPAT rose by 69% to $175.2 million.
  • Communications segment revenue up 22%.
  • Metal Detection segment revenue up 42%.
  • Net cash of $35.7 million by end of FY26.
  • Acquisition of Adaptive Dynamics to enhance capabilities.
  • Strong demand in unmanned systems and gold detectors.
  • Anticipated continued growth into FY27.
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.