Codan FY26 earnings surge more than 60% on strong communications segment

Codan expects FY26 EBIT and NPAT to surge by more than 60%, powered by strong results in both communications and gold detection businesses.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

a man raises his fists to the air in joyous celebration while learning some exciting good news via his computer screen in an office setting.

Image source: Getty Images

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.

View Original Announcement

More on Technology Shares

A smiling tradie shovels cement into a mixer on a building site
Technology Shares

This ASX technology stock could more than triple in value: Broker

Weakness in these shares could be an opportunity.

Read more »

Woman in celebratory fist move looking at phone.
Share Market News

Life360 shares rebound 4.5% today: Buy, sell or hold?

Here's what the experts expect from Life360 shares over the next 12 months.

Read more »

Three women laughing and enjoying their gambling winnings while sitting at a poker machine.
Technology Shares

Aristocrat shares charge higher on strong result and $1b buy-back

This gaming technology company has delivered strong profit growth during the first half.

Read more »

Piggybank with an army helmet and a drone next to it, symbolising a rising DroneShield share price.
Industrials Shares

3 ASX stocks positioned to benefit from rising global defence budgets

As global defence budgets rise, the Australian defence sector stands to benefit. Find out which stocks are best positioned.

Read more »

Human head and artificial intelligence head side by side.
Technology Shares

After a 50% surge, could this ASX tech stock still double?

Brokers remain bullish, with up to 140% upside potential.

Read more »

A man pulls a shocked expression with mouth wide open as he holds up his laptop.
Share Market News

What on earth's going on with WiseTech shares?

The tech stock could rebound hard as global trade stabilises.

Read more »

A man sitting at his desktop computer leans forward onto his elbows and yawns while he rubs his eyes as though he is very tired.
Technology Shares

DroneShield shares crash 16% on ASIC investigation

Let's see what this counter-drone technology company has announced.

Read more »

A man holds his head in his hands after seeing bad news on his laptop screen.
Technology Shares

Why are Life360 shares sinking 8% today?

This tech stock has started the financial year strongly. Here's what it reported.

Read more »