Latest Communications Technology News

Codan expects first-half FY27 net profit after tax of at least $160 million, powered by a sharp increase in Communications revenue and margins. The company is raising its full-year Communications growth target, while warning that conflict-region demand remains difficult to forecast beyond three months.

Codan Limited (ASX:CDA) has entered FY27 with record revenue, profit and a sharply larger Communications orderbook, while targeting approximately 20% Communications revenue growth. The forecast is conditional on supply-chain capacity as demand for unmanned systems and new gold detectors accelerates.

Etherstack has agreed to an expanded scope on its key UK government project, adding £0.5 million (US$0.7 million) in revenue and lifting ongoing support fees, with positive impact expected in H1 FY27.

Comms Group Limited reported record FY26 revenue and EBITDA growth, driven by organic expansion and TasmaNet acquisition, while progressing the $30m sale of its ICT business to streamline operations and support shareholder returns.

DXN Limited has landed a $4.1 million contract to deliver a prefabricated Edge data centre at Melbourne Airport, alongside a $1.6 million contract variation with Globalstar, reinforcing its foothold in mission-critical infrastructure.

Sunrise Energy Metals has landed a conditional US$400 million loan commitment from the U.S. Department of War’s Office of Strategic Capital to back its Syerston Scandium Project, while also initiating plans for a U.S. securities listing.

Harvest Technology Group has inked a non-binding partnership with Ukrainian Technopark to explore integrating its ultra-low-bandwidth Nodestream platform into unmanned defence systems, focusing on resilient communications under electronic warfare conditions.

Etherstack's North American arm has landed a US$0.83 million follow-on deal with Codan subsidiary Daniels Electronics, extending a major contract from late 2023. The revenue is expected to be recognised fully in FY26, reinforcing the company’s growth trajectory.

Harvest Technology Group has transitioned from assessing to actively executing its international defence market strategy by engaging a US national security advisory firm and appointing Dr Oleksandra Molloy as Defence Strategic Advisor for Europe.

Etherstack plc has secured a significant revenue uplift from a scope change in its primary UK government project, adding £1.53 million to its future earnings forecast for FY27.

Harvest Technology Group’s half-year report reveals a 50% revenue decline and a widening net loss, offset by a $6 million funding facility and strategic partnerships.

Norwood Systems has arranged a $200,000 working capital facility from a shareholder-related lender, aiming to support near-term liquidity and growth initiatives.