• H1 FY26 revenue reached A$674.2M (+22% YoY) with strong EBIT growth of A$146M (+28%)
• Tactical communications market valued at USD 22.58B in 2025, projected to reach USD 24.26B by 2026 with 7.5% CAGR
• Order book of A$253M (+28%) with A$155M secured for FY26 provides strong revenue visibility
• Currently trading at A$32.19 (down 6.5% from recent levels), down 14% from January peak of A$39.59
• Analyst consensus Moderate Buy rating with target price of A$39.03, representing 21% upside potential

Codan Limited (ASX:CDA) is a leading global provider of tactical communications systems and metal detection technologies, headquartered in Adelaide, Australia. With a market capitalization of A$6.65…