Camplify Holdings Limited (ASX:CHL) reported its first annual profit in FY26, driven by a sharp reduction in operating costs and expanded margins, according to a presentation released on August 26.
The company posted a net profit after tax of $2.3 million for the 12 months ended June 30, 2026, compared with an EBITDA loss of $10.4 million in FY25. Revenue declined 6.8% to $39.2 million from $42.0 million a year earlier, but operating expenses fell 29.5% to $24.6 million, primarily through reductions in employee benefits, marketing and operations costs.
Employee costs dropped $3.7 million to $12.4 million, while marketing expenses fell $3.2 million to $4.2 million. Cost of sales decreased from $17.7 million to $14.4 million, contributing to a gross profit margin expansion to 63% from 58% in FY25. EBITDA turned positive at $0.3 million in FY26, compared with a loss of $10.4 million in the prior year.
The company’s second-half performance showed further improvement, with EBITDA rising to $3.5 million and net profit after tax reaching $2.3 million, an increase of $6.3 million from the first half of FY26. The EBITDA margin in H2 FY26 was 17%, compared with a negative 13% in the same period of FY25.
Camplify’s cash position strengthened to $10.0 million at June 30, 2026, up from $8.4 million a year earlier, with no debt. Net operating cash outflows narrowed to $1.2 million from $4.5 million in FY25, supported by a $3.2 million placement in November 2025 through a strategic partnership with JB Group.
The company’s insurance product, MyWay Mutual, processed $2.7 million in claims across 2,447 cases in its first year, with a 99% approval rate for decided claims and a loss ratio of 68%. Management highlighted the product as a key structural achievement, generating approximately $2 million in annual savings compared to the previous external model.
Camplify operates a peer-to-peer campervan rental marketplace across Australia, New Zealand and Europe, with 41,036 bookings in Australia generating $25.1 million in revenue and $57.5 million in gross total value. European markets contributed $30.3 million in gross total value, though Germany saw a decline in bookings to 12,356 from 15,724 previously. Bookings recovered by $2.25 million, or 13%, after June 30, 2026.
Chief Executive Officer Justin Hales stated that the company’s structural cost reductions are complete, with FY27 focused on execution and operating leverage, using the second half of FY26 as the starting point for growth.
