Highlights

  • Codan reported FY26 Revenue of AUD 875.0 million, an increase of 30% from FY25.
  • Earnings before interest and tax reached AUD 244.1 million, up 67%, while net profit after tax was AUD 175.2 million, an increase of 69%.
  • Codan’s communications activities include DTC and Zetron.

On 27 October 2026, Codan Limited (ASX:CDA) shares were quoted at AUD 56.95, representing a daily change of +1.75% according to historical market data. The company’s attached announcement covers its reported operations and financial position. Its disclosures address group revenue, profitability and related corporate developments. The following account separates reported results from company-stated expectations and uses the periods and measurement bases set out in the announcement.

Group Revenue

Codan reported FY26 revenue of AUD 875.0 million, an increase of 30% from FY25. The company attributed growth to Demand for unmanned systems, new gold detector products and a full-year contribution from Kägwerks.

These figures are presented in the Codan Limited Company announcement for the relevant reporting period. Where management supplies a comparison, the change is stated against the corresponding period and does not describe a change in the Market Price of the company’s shares.

Profitability

Earnings before interest and tax reached AUD 244.1 million, up 67%, while net profit after tax was AUD 175.2 million, an increase of 69%. The company said both profit figures were slightly above its guidance issued on 29 April 2026.

The operational figures disclosed by Codan Limited relate to the activities and Business units named in the release. They should be read as separately reported measures because production, sales, billing, contracted capacity and operating Earnings are not interchangeable.

Communications Portfolio

Codan’s communications activities include DTC and Zetron. The presentation linked communications growth with defence demand and the provision of communications technology for high-consequence operational environments.

The project information is drawn from the milestones and transactions described in the announcement. The release distinguishes projects already completed from construction activity, approvals, company targets and other steps still under way.

Detection Portfolio

Codan’s Minelab business supplies metal-detection technology. The presentation described demand for gold detectors in Africa and other global markets, alongside launches of new detection products.

Where figures concern dividends, Capital raising, debt, cash or asset transactions, they describe the amounts and arrangements reported by Codan Limited. A declared distribution and an expected payment remain different stages in the company’s reporting process.

Company Operating Focus

Codan described engineering investment, product development, global customer markets and a diversified earnings base as components of its long-term operating plan.

Any target or future figure is attributed to management rather than presented as an outcome. The company’s guidance is subject to the assumptions and qualifications provided with its results announcement.

The attached Codan Limited release also sets out the company’s reporting terminology and the context in which the disclosed measures were prepared. The figures above reflect the stated financial or operating period, and the descriptions of planned activities are identified as company expectations. Financial measures and operational indicators are reported separately, using the definitions supplied by management. The announcement does not establish that a target has been achieved unless the company expressly records its completion.

The company’s release identifies the reported figures as belonging to specific business activities, rather than to a single combined operating measure. It also provides the background for the operational and financial disclosures presented above. The reporting-period comparisons refer to the periods named in the release; stated management objectives remain separate from historical outcomes and from changes in the company’s quoted security price.