Coda Octopus Group's third-quarter results show strong growth amid challenges

Coda Octopus Group reported that in the third quarter of 2025, its revenue rose 29% year-on-year to $7.1 million, thanks to a 30.7% surge in its marine technology business. Despite a decline in marine engineering revenue and a slight decline in profit margins, diluted earnings per share reached $0.11, exceeding expectations. The company maintains a strong cash balance of $26.2 million and expects optimistic growth with the launch of the new defense contract and the Echoscope PIPE NANO GEN series.