The Codan Ltd (ASX: CDA) share price is in focus today after the company announced it expects FY26 EBIT to hit $235 million and NPAT to reach $170 million, both up more than 60% from last year.
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What did Codan report?
- FY26 EBIT expected to be approximately $235 million
- Net profit after tax (NPAT) anticipated at around $170 million, up over 60% year-on-year
- Communications business revenue growth to finish at the top end of the 15–20% targeted range
- Communications segment profit margin expected to reach 30% in FY26, ahead of schedule
- Minelab revenue in 2H FY26 tracking ahead of a strong first half
What else do investors need to know?
Codan's Communications business has been the standout, thanks to sustained demand from defence customers and growth in software-defined radios (SDRs). The Command-and-Control (Zetron) division is on track to deliver steady revenue across both halves of the year.
Minelab, Codan's gold detection arm, has performed strongly, benefitting from a high gold price and new product success. The company has confirmed its second-half results should exceed those delivered in the first half.
What's next for Codan?
Investors can expect Codan to release its full-year FY26 results on 20 August 2026. Management is also working toward maintaining strong momentum, with a particular focus on sustaining margins and capitalising on technology-driven solutions across its business.
The group plans to keep building on its communications and gold detection strengths to support ongoing profit growth in FY27 and beyond.
Codan share price snapshot
Over the past 12 months, Codan shares have risen 133%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.
