Australia · Delayed Price · Currency is AUD Codan Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 FY26 results with 29% revenue growth, 55% NPAT increase, and robust performance in both communications and metal detection. Communications and Minelab segments delivered high growth, supported by favorable market conditions and new product launches.
Fiscal Year 2025
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The AGM highlighted strong FY25 growth in revenue, profit, and dividends, with robust performance in both communications and Minelab segments. Strategic acquisitions, new product launches, and disciplined capital management were emphasized, while all resolutions passed with strong shareholder support.
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Group revenue rose 22% to $674M and NPAT grew 27% to $103.5M, driven by strong organic growth and acquisitions. Communications and Minelab segments delivered double-digit growth, with robust order books and margin expansion. FY 2026 guidance targets 15%-20% sales growth.
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Group revenue rose 15% to AUD 306 million, with EBIT and NPAT up over 20% year-over-year, driven by strong communications growth and successful integration of Kagwerks. The company maintains a robust order book and targets further margin expansion and strategic acquisitions.
Fiscal Year 2024
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Strong FY 2024 results were reported, with significant revenue and profit growth, successful integration of acquisitions, and a 22% dividend increase. Shareholders supported all resolutions, including board re-election and executive incentives, while the company outlined ongoing strategic investments and ESG initiatives.
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FY 2024 saw 21% revenue growth and 24% NPAT growth, driven by strong organic performance and successful acquisitions. Communications and Minelab segments delivered robust results, with a strong order book and positive outlook for FY 2025.