Codan Ltd

CDA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Codan: Set for Another Bumper Year Given High Gold Prices and Defense Spending

Esther Holloway

Oct 23, 2025

At its AGM, Codan reported a solid start to fiscal 2026. Elevated gold prices are driving higher African sales of its metal detection equipment, and geopolitical tensions and technology upgrades boost communication equipment sales, used by military. The share price has more than doubled in 2025.

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Codan Ltd

Codan: Set for Another Bumper Year Given High Gold Prices and Defense Spending

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