Codan (ASX:CDA) expects 1H FY26 group revenue of about $394 million (up 29% on pcp) and underlying net profit after tax of at least $70 million (up about 52%), based on preliminary, unaudited figures for the half-year ended December 31 2025, that remain subject to audit review.
The company said the result was driven by “outstanding” performance in metal detection and continued strength in communications.
Metal detection revenue is expected to be about $168 million, up around 46% on pcp, primarily due to gold detector sales in Africa. Codan also reported double-digit growth in metal detector sales across other key rest-of-world recreational markets over the half versus pcp.
The communications segment is expected to deliver revenue of about $222 million, up around 19% on pcp, in line with Codan’s expectation for growth at the upper end of its 15% to 20% target range for 1H FY26.
Codan will release its 1H FY26 results on 19 February 2026.
The revenue figure includes about $4 million from the legacy Minetec business.