Codan reports strong FY26 first-half growth, revenue up 29%

Codan (ASX:CDA) has provided a trading update for the half-year ended Dec. 31, 2025, with preliminary, unaudited figures showing robust growth across its business.

Group revenue for the period is expected to reach approximately $394 million, up 29% from the prior-year period, while underlying net profit after tax is forecast at no less than $70 million, representing a 52% increase.

The strong performance was driven by outstanding results in the metal detection business and continued growth in the communications segment.

The metal detection division posted revenue of around $168 million, a 46% rise from a year ago, fueled primarily by gold detector sales in Africa and double-digit growth in recreational markets globally.

The communications segment achieved revenue of approximately $222 million, up 19%, in line with Codan's expected growth at the upper end of its 15–20% target range for the half.

Codan is scheduled to release its FY26 first-half results on Feb. 19.