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Codan Limited (CODAF)
OTHER OTC:CODAF
Earnings Data
Report Date
Aug 20, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of H1 results with material top-line and profit growth (revenue +29%, EBIT +52%, NPAT +55%) driven by both Communications and an exceptional Minelab performance (revenue +46%, margin 45%). Product-led momentum, a sizable orderbook (+19% to $294m) and large engineering spend (9% of revenue) underpin confidence and growth visibility. Key near-term challenges include elevated operating expenses, a temporary slowdown in Zetron Americas procurement, a modest rise in net debt and a higher effective tax rate (~25%). Management remains confident on FY '26 guidance (Communications 15–20% growth range; Minelab H2 at least in line with H1) and retains balance sheet flexibility for disciplined M&A. On balance, the highlights materially outweigh the lowlights.Company Guidance
Group Revenue Growth
Group revenue increased 29% to $394 million, driven by strong organic growth and a full first-half contribution from the Kagwerks acquisition.
Strong Profitability Expansion
EBIT increased 52% and NPAT increased 55% to $71 million; NPAT margin improved to over 18%, demonstrating operating leverage and improved product mix.
Generous Interim Dividend
Board declared a fully franked interim dividend of $0.195 per share, up 56% on the prior corresponding period, reflecting disciplined capital management.
Communications Growth and Orderbook
Communications revenue rose 19% to $222 million; segment profit increased 17% to $58 million with margins around 26%. Orderbook increased 19% to $294 million, providing strong H2 visibility and the business is targeting 15–20% FY '26 revenue growth.
Unmanned Systems Momentum
Unmanned systems revenue grew 68% to $73 million, with roughly half tied to operational defense applications in conflict zones and the remainder from non-conflict defense/security programs across Asia, U.S. and Europe.
Minelab Exceptional Performance
Minelab revenue rose 46% to $168 million and segment margin expanded to 45%, supported by elevated gold prices, strong Africa demand and high-teens growth in rest-of-world markets.
Product and R&D Investment
Engineering investment was $36 million (≈9% of group revenue) supporting new product launches including the Gold Monster 2000 and upcoming GPZ/GPX updates, with management pointing to product-led sales momentum.
Balance Sheet and Financial Flexibility
Net debt closed at $88 million (up $10 million vs June) with conservative leverage of 0.4x EBITDA and undrawn facilities of $140 million plus a $150 million accordion, preserving capacity for acquisitions.
CODAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CODAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $27.55 | $27.55 | 0.00% |
Aug 20, 2025 | $10.48 | $10.48 | 0.00% |
Feb 20, 2025 | $10.01 | $10.01 | 0.00% |
Aug 21, 2024 | $8.34 | $9.40 | +12.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Codan Limited (CODAF) report earnings?
Codan Limited (CODAF) is schdueled to report earning on Aug 20, 2026, TBA (Confirmed).
What is Codan Limited (CODAF) earnings time?
Codan Limited (CODAF) earnings time is at Aug 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CODAF EPS forecast?
CODAF EPS forecast for the fiscal quarter 2026 (Q4) is 0.31.