Camplify Holdings reported its first annual profit in FY26 after slashing costs by nearly 30%, transforming a $10.4 million EBITDA loss in FY25 into a $300,000 gain despite a 6.8% revenue decline.
Full-year revenue totaled $39.2 million in FY26, down from $42.0 million a year earlier, while total operating expenses fell to $24.6 million from $34.9 million. Employee benefits, marketing and operations costs all declined by more than $3 million each, contributing to a gross profit margin of 63%, up from 58% in FY25.
The company closed FY26 with $10.0 million in cash and no debt, an improvement from $8.4 million in cash and $8.9 million in net current liabilities a year prior. A $3.2 million placement in November 2025 supported the balance sheet, which showed net assets of $41.3 million at June 30, 2026.
Second-half performance drove the turnaround, with EBITDA reaching $3.5 million in H2 FY26 compared to a $3.2 million loss in the first half. Net profit after tax for the six months to December 31, 2025 stood at $2.3 million, a $6.3 million improvement over the prior corresponding period.
EBITDA margins expanded to 17% in H2 FY26 from negative 13% in H2 FY25, while the company’s MyWay Mutual insurance initiative processed 2,447 claims totaling $2.7 million in its first year. The loss ratio of 68% fell within management’s target range, and the initiative generated approximately $2 million in annual savings compared to the prior external insurance model.
Camplify’s shares rose 8.93% to $0.31 following the announcement, within a 52-week range of $0.15 to $0.50. Management highlighted the structural cost reductions as complete, with CEO Justin Hales stating that FY2027 would focus on execution and operating leverage, using the second half of FY26 as a baseline rather than a target.
Geographic performance showed Australia generating $25.1 million in revenue from 41,036 bookings, while New Zealand contributed $18.7 million in gross total value. European markets collectively contributed $30.3 million in GTV, though Germany saw bookings decline to 12,356 from 15,724 a year earlier. Future bookings stood at $19.0 million as of August 24, 2026, recovering $2.25 million since June 30, 2026 but down from $22.9 million a year prior.
The company’s Camplify Xchange marketplace listed 493 active RV listings supported by 12 dealer partners, while a strategic partnership with JB Group included a three-year Club Camplify bundle for new builds.
