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An announcement from Codan Limited ( (AU:CDA) ) is now available.
Codan has delivered a stronger-than-expected second half in FY26, driven by its Communications division and solid momentum at Minelab. The Communications business is now forecast to achieve full-year revenue growth at the top end of its 15% to 20% target range, supported by robust defence demand for unmanned systems and software-defined radios amid ongoing geopolitical tensions.
Management also now expects the Communications segment to reach a 30% profit margin in FY26, a year earlier than planned and up from 26% in FY25, reflecting operating leverage from higher volumes. Minelab’s revenue is tracking ahead of an already strong first half, aided by a favourable gold price and successful product launches, and Codan now anticipates EBIT of about $235 million and NPAT of about $170 million, implying more than 60% growth on FY25.
The most recent analyst rating on (AU:CDA) stock is a Buy with a A$38.50 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 technology company that develops robust communications, safety, security and productivity solutions for use in some of the harshest environments worldwide. Its key businesses include the Communications division, which supplies command-and-control systems and software-defined radios, and Minelab, a metal detection brand leveraged to gold and speciality detection markets.
Average Trading Volume: 304,429
Technical Sentiment Signal: Buy
Current Market Cap: A$6.48B
For detailed information about CDA stock, go to TipRanks’ Stock Analysis page.