Key Highlights

  • Codan (ASX:CDA) delivered FY26 Revenue up 30% to $875.0 million and net profit after tax up 69% to $175.2 million across its Communications and Metal Detection segments.
  • Iress (ASX:IRE) reported H1 2026 Statutory NPAT up 85.0% to $32.0 million, with continuing Business Cash EBITDA up 47.1% and Margin expanding more than 740 basis points.
  • Technology One (ASX:TNE) posted its 17th consecutive first-half record profit, with H1 FY26 ARR rising 17% to $598.0 million and a record Interim Dividend up 21%.
  • All three companies increased dividends during their respective reporting periods, reflecting improving cash generation across diversified technology business models.

Investor attention has turned to a trio of established ASX technology companies following a series of results that combined double-digit revenue growth with expanding profitability. Codan (ASX:CDA), Iress (ASX:IRE) and Technology One (ASX:TNE) span three distinct segments of the technology market, communications and metal detection hardware, Wealth Management software, and enterprise ERP software, yet each reported a period marked by margin improvement, disciplined execution and higher Shareholder dividends.

Codan (ASX:CDA): Profit Surges 69% Across Two Segments

Codan (ASX:CDA) reported FY26 Group revenue of $875.0 million, up 30% on the prior corresponding period, with Earnings before interest and tax rising 67% to $244.1 million and net profit after tax increasing 69% to $175.2 million. Both of the company's operating segments contributed to the result. Communications segment revenue rose 22% to $506.2 million, exceeding the top end of the company's 15-20% FY26 target range, with segment profit up 45% to $156.0 million and a 31% profit margin that exceeded its FY27 target 18 months ahead of schedule. Metal Detection segment revenue rose 42% to $362.0 million, driven primarily by strong gold detector Demand globally, with segment profit up 65% to $162.4 million.

The company moved to a net cash position of $35.7 million as at 30 June 2026, compared with net Debt of $88.2 million as at 31 December 2025, reflecting strong second-half cash collections. Codan declared a fully franked FY26 dividend of 48.5 cents per share, up 70% on FY25, comprising an interim dividend of 19.5 cents and a final dividend of 29.0 cents.

Iress (ASX:IRE): Margin Expansion Drives Earnings Quality

Iress (ASX:IRE) reported H1 2026 Statutory NPAT of $32.0 million, up 85.0% on the prior corresponding period, with Underlying Profit after tax up 18.4% to $38.8 million. For the company's continuing business, revenue increased 2.5% on a constant currency basis to $250.0 million, while Cash EBITDA rose materially, 47.1% higher to $61.1 million, with the Cash EBITDA margin expanding more than 740 basis points to 24.5%. The company's business efficiency program delivered $31.5 million of annualised cost savings, ahead of plan.

Reflecting its strengthened financial position, with Leverage of 0.5x at 30 June 2026, the Board declared a fully franked interim dividend of 14.0 cents per share, 27.3% higher than the prior corresponding period. The company updated its FY26 guidance, now expecting Cash EBITDA growth of 21-26%, even as constant currency revenue growth guidance was tempered to 1-2% on lower non-recurring revenue.

Technology One (ASX:TNE): A 17th Consecutive Record Half

Technology One (ASX:TNE) reported H1 FY26 Profit Before Tax of $89.1 million, up 9% on the prior corresponding period, marking the company's 17th consecutive first-half record profit. Annualised Recurring Revenue reached $598.0 million, up 17%, within the company's guidance range of 16-18%, with Net Revenue Retention of 114% and UK ARR growing 23% to $53.0 million. On a constant currency basis and normalising for Investment in its Showcase AI product launch event, underlying PBT growth was 21% with a 2-point margin improvement.

The Board declared a record interim dividend of 8.0 cents per share, up 21% on the prior corresponding period. Technology One reaffirmed its upgraded full-year FY26 guidance of 18-20% profit growth and 16-18% ARR growth, first issued at its February AGM, alongside a target PBT margin expansion of 2 points and full-year free Cash Flow generation equal to net profit after tax.

What Links These Three Stocks

Codan, Iress and Technology One operate in different markets, yet each result shares a common thread: profit growth outpacing revenue growth, supported by disciplined cost management and, in Iress's and Codan's cases, an improving Balance Sheet position. Technology One's consistency in delivering record profits half after half, Codan's rapid margin expansion across two distinct segments, and Iress's shift from simplification toward renewed product investment collectively illustrate why longer-established ASX technology names continue to attract investor scrutiny alongside newer, faster-growing peers.

Key Takeaways

The results from Codan (ASX:CDA), Iress (ASX:IRE) and Technology One (ASX:TNE) collectively highlight a period of improving earnings quality across established ASX-listed technology businesses, with each company delivering profit growth that outpaced revenue growth and each increasing its dividend to shareholders. Codan's diversified segment growth, Iress's margin recovery following its business efficiency program, and Technology One's long streak of consecutive record profits together demonstrate the kind of consistent execution that keeps these three names firmly on investor watchlists heading into the next reporting period.