Codan (CDA) investor relations material

Company overview

• Operates as a global technology group focused on mission-critical communications and detection solutions for individuals, communities, and governments.

• Sells products in over 150 countries, with 20 sites across 11 key countries and more than 1,100 employees, over 30% in engineering roles.

• Core brands include DTC (communications), Zetron (public safety and infrastructure), and Minelab (detection solutions).

Financial performance and outlook

• FY26 guidance projects EBIT of approximately $235 million and NPAT of about $170 million, both over 60% growth versus FY25.

• Communications revenue growth expected at the top end of 15–20%, with a segment profit margin of 30% for FY26.

• Minelab's 2H FY26 revenue is tracking ahead of a strong 1H, supported by favorable gold prices and new product launches.

• Historical performance shows expanding revenue and earnings quality, with disciplined execution and stable net debt/EBITDA ratios.

Strategic priorities and investments

• Focus on innovative product development, exceptional culture, leadership, global market opportunities, and profitable growth.

• Engineering spend in H1 FY26 was $35.8 million (~9% of group revenue), supporting advanced communications and detection platforms.

• Ongoing investment in R&D drives competitive positioning and organic growth, with a global team of skilled engineers.