Codan Limited (ASX:CDA)

Codan Income Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	674.23	550.46	456.47	506.15	437.05
Revenue Growth (YoY)	22.48%	20.59%	-9.81%	15.81%	25.58%
Cost of Revenue	295.47	245.23	207.03	219.8	193.91
Gross Profit	378.76	305.23	249.44	286.35	243.14
Selling, General & Admin	192.69	154.8	126.82	115.02	76.61
Research & Development	39.5	35.98	30.86	33.29	26.23
Operating Expenses	232.19	190.78	157.67	148.3	102.85
Operating Income	146.57	114.44	91.77	138.05	140.29
Interest Expense	-12.35	-9.52	-5.38	-1.75	-1.46
Interest & Investment Income	0.28	0.09	0.05	0.01	0.39
Currency Exchange Gain (Loss)	-0.64	-1.46	-5.02	-0.66	-0.54
Other Non Operating Income (Expenses)	0.05	1.18	0.33	0.16	0.05
EBT Excluding Unusual Items	133.9	104.72	81.76	135.81	138.73
Merger & Restructuring Charges	-	-	-	-1.61	-7.91
Gain (Loss) on Sale of Assets	-	-0.23	0.88	1.47	-
Pretax Income	133.9	104.49	82.64	135.67	130.81
Income Tax Expense	30.41	23.19	14.91	35.14	40.62
Earnings From Continuing Operations	103.49	81.3	67.73	100.53	90.2
Minority Interest in Earnings	-	0.09	0.05	0.21	0.15
Net Income	103.49	81.39	67.77	100.74	90.35
Net Income to Common	103.49	81.39	67.77	100.74	90.35
Net Income Growth	27.16%	20.09%	-32.72%	11.49%	41.63%
Shares Outstanding (Basic)	181	181	181	181	180
Shares Outstanding (Diluted)	182	182	181	181	181
Shares Change (YoY)	0.23%	0.23%	0.05%	0.03%	0.16%
EPS (Basic)	0.57	0.45	0.37	0.56	0.50
EPS (Diluted)	0.57	0.45	0.37	0.56	0.50
EPS Growth	26.78%	19.79%	-32.73%	11.65%	41.08%
Free Cash Flow	138.02	96.33	61.84	45.63	127.16
Free Cash Flow Per Share	0.76	0.53	0.34	0.25	0.70
Dividend Per Share	0.285	0.225	0.185	0.280	0.270
Dividend Growth	26.67%	21.62%	-33.93%	3.70%	45.95%
Gross Margin	56.18%	55.45%	54.65%	56.57%	55.63%
Operating Margin	21.74%	20.79%	20.10%	27.27%	32.10%
Profit Margin	15.35%	14.79%	14.85%	19.90%	20.67%
Free Cash Flow Margin	20.47%	17.50%	13.55%	9.02%	29.09%
EBITDA	155.64	122.51	98.7	143.35	144.04
EBITDA Margin	23.09%	22.26%	21.62%	28.32%	32.96%
D&A For EBITDA	9.08	8.07	6.93	5.3	3.75
EBIT	146.57	114.44	91.77	138.05	140.29
EBIT Margin	21.74%	20.79%	20.10%	27.27%	32.10%
Effective Tax Rate	22.71%	22.20%	18.04%	25.90%	31.05%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.