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An announcement from Codan Limited ( (AU:CDA) ) is now available.
Codan Limited has flagged a strong first half for FY26, guiding to preliminary group revenue of about $394 million, up 29% year on year, and underlying net profit after tax of at least $70 million, a 52% increase, driven by standout performance in metal detection and continued strength in communications. Metal detection revenue is expected to reach roughly $168 million, up around 46% on the back of robust gold detector demand in Africa and double‑digit growth in recreational markets, while the communications segment is set to deliver about $222 million in revenue, a 19% rise that aligns with the upper end of Codan’s targeted growth range, underscoring the company’s momentum across both divisions ahead of its detailed results release in February 2026.
The most recent analyst rating on (AU:CDA) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Codan Limited stock, see the AU:CDA Stock Forecast page.
More about Codan Limited
Codan Limited is an Australian-listed technology company that develops robust solutions for communications, safety, security and productivity, designed to operate in some of the harshest environments worldwide. Its core businesses span metal detection and communications equipment, serving markets such as gold prospecting, recreational detecting and mission‑critical communication systems.
Average Trading Volume: 392,649
Technical Sentiment Signal: Buy
Current Market Cap: A$5.35B
For detailed information about CDA stock, go to TipRanks’ Stock Analysis page.