Codan Income Statement

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

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	762.12	674.23	550.46	456.47	506.15	437.05
Revenue Growth (YoY)	29.14%	22.48%	20.59%	-9.81%	15.81%	25.58%
Cost of Revenue	326.74	295.47	245.23	207.03	219.8	193.91
Gross Profit	435.38	378.76	305.23	249.44	286.35	243.14
Selling, General & Admin	211.76	192.69	154.8	126.82	115.02	76.61
Research & Development	43.25	39.5	35.98	30.86	33.29	26.23
Other Operating Expenses	0.22	-	-	-	-	-
Operating Expenses	255.23	232.19	190.78	157.67	148.3	102.85
Operating Income	180.15	146.57	114.44	91.77	138.05	140.29
Interest Expense	-11.83	-12.35	-9.52	-5.38	-1.75	-1.46
Interest & Investment Income	0.36	0.28	0.09	0.05	0.01	0.39
Currency Exchange Gain (Loss)	-0.78	-0.64	-1.46	-5.02	-0.66	-0.54
Other Non Operating Income (Expenses)	0.55	0.05	1.18	0.33	0.16	0.05
EBT Excluding Unusual Items	168.45	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	168.45	133.9	104.49	82.64	135.67	130.81
Income Tax Expense	39.85	30.41	23.19	14.91	35.14	40.62
Earnings From Continuing Operations	128.6	103.49	81.3	67.73	100.53	90.2
Minority Interest in Earnings	0.02	-	0.09	0.05	0.21	0.15
Net Income	128.62	103.49	81.39	67.77	100.74	90.35
Net Income to Common	128.62	103.49	81.39	67.77	100.74	90.35
Net Income Growth	43.88%	27.16%	20.09%	-32.72%	11.49%	41.63%
Shares Outstanding (Basic)	181	181	181	181	181	180
Shares Outstanding (Diluted)	182	182	182	181	181	181
Shares Change (YoY)	0.37%	0.23%	0.23%	0.05%	0.03%	0.16%
EPS (Basic)	0.71	0.57	0.45	0.37	0.56	0.50
EPS (Diluted)	0.70	0.57	0.45	0.37	0.56	0.50
EPS Growth	43.26%	26.78%	19.79%	-32.73%	11.65%	41.08%
Free Cash Flow	150.79	138.02	96.33	61.84	45.63	127.16
Free Cash Flow Per Share	0.83	0.76	0.53	0.34	0.25	0.70
Dividend Per Share	0.355	0.285	0.225	0.185	0.280	0.270
Dividend Growth	44.90%	26.67%	21.62%	-33.93%	3.70%	45.95%
Gross Margin	57.13%	56.18%	55.45%	54.65%	56.57%	55.63%
Operating Margin	23.64%	21.74%	20.79%	20.10%	27.27%	32.10%
Profit Margin	16.88%	15.35%	14.79%	14.85%	19.90%	20.67%
Free Cash Flow Margin	19.79%	20.47%	17.50%	13.55%	9.02%	29.09%
EBITDA	189.73	155.64	122.51	98.7	143.35	144.04
EBITDA Margin	24.89%	23.09%	22.26%	21.62%	28.32%	32.96%
D&A For EBITDA	9.58	9.08	8.07	6.93	5.3	3.75
EBIT	180.15	146.57	114.44	91.77	138.05	140.29
EBIT Margin	23.64%	21.74%	20.79%	20.10%	27.27%	32.10%
Effective Tax Rate	23.66%	22.71%	22.20%	18.04%	25.90%	31.05%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.