Codan (CDA) Investor presentation summary

Strategic focus and business overview

• Operates as a global group delivering innovative technology solutions in communications, detection, and connection sectors.

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

Financial and trading performance

• Trading above expectations in 2H FY26, with strong performance in both Communications and Metal Detection.

• Communications revenue growth expected at the top end of 15–20% range, driven by defense demand and geopolitical factors.

• Communications segment profit margin projected at 30% for FY26.

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

• FY26 guidance: EBIT approx. $235 million, NPAT approx. $170 million, both over 60% growth vs FY25.

Product innovation and technology

• DTC's BluSDR™ M family offers flexible, scalable UAS communication solutions across a wide range of mission requirements.

• Zetron's SALUS platform unifies legacy systems into a single, modular software and services platform, driving recurring revenue and margin expansion.

• Minelab's GPZ 8000 and Gold Monster 2000 detectors deliver greater depth, sensitivity, and usability, with advanced technologies for challenging environments.