Camplify Holdings Ltd reported its first annual profit under its new cost-focused strategy, with full-year EBITDA of AUD 0.3 million for FY 2026, a AUD 10.6 million turnaround from a AUD 10.4 million loss in FY 2025. The company’s shares rose 12.5% to AUD 0.32 following the results.
Revenue declined 6.8% year-on-year, but gross margins expanded to 63% in the second half from 58% in FY 2025, while EBITDA margins improved to 17% in H2 from negative 13% a year earlier. The company posted a statutory net loss after tax of AUD 0.8 million, down 96% from a restated AUD 16.5 million loss in FY 2025. Operating cash outflows fell to AUD 1.2 million from AUD 4.5 million, and the cash position increased to AUD 10 million with no debt.
The turnaround followed a two-part strategy executed in FY 2026, according to CEO Justin. The first half focused on structural cost reductions and scaling the MyWay Mutual insurance platform, while the second half delivered profitability. The company’s most profitable half as a listed entity coincided with one of its most challenging quarters, he noted. The CFO, Brett, highlighted that cost discipline remained a priority, particularly after mid-year geopolitical tensions in the Middle East disrupted forward bookings.
Forward bookings stood at AUD 19 million, below the prior period’s AUD 22.9 million, but recovered by AUD 2.25 million (13%) after an initial 29% drop. The MyWay Mutual program paid out AUD 2.7 million across 2,447 claims, achieving a 99% approval rate on decided claims and a 68% loss ratio, generating approximately AUD 2 million in annual savings compared with the previous external insurance model. The average claims turnaround was 85 days.
Camplify Xchange, launched several months ago, listed 493 active listings with 12 dealer partners. The company also expanded its content and SEO presence, building 1,200 to 2,000 new customer-focused pages over the prior six months. Average spend per trip increased by about 4%, and average trip duration rose by about 2% year-on-year.
The company’s net assets totaled AUD 41.3 million, while net current liabilities stood at AUD 6.4 million, of which AUD 5.9 million were deferred fees. Employee costs fell AUD 3.7 million year-on-year to AUD 5.8 million in H2, and marketing expenses declined AUD 3.2 million to AUD 2.1 million over the last three halves. Subscription revenue grew about 30% during the year.
Camplify also secured a AUD 3.2 million placement from JB Group in November, with terms including complimentary 12-month Club Camplify memberships for all new vans across five JB Group brands. The board appointed Sharon Xue to its ranks as part of the JB Group relationship.
Management framed FY 2027 as a year of execution and operating leverage, building on the reset achieved in FY 2026.
