Camplify Holdings reported its first annual positive EBITDA in FY26, driven by cost reductions and the internalization of insurance margins, as shares rose 8.9% to A$0.31.
The Australian RV-sharing platform posted group EBITDA of A$0.3 million for the year ended June 30, 2026, a turnaround from a restated loss of A$16.4 million in FY25. Revenue declined 6.8% to A$39.2 million, reflecting a strategic reduction in lower-margin activity. The company also reported a statutory net loss after tax of A$0.8 million, a 96% improvement from the A$16.5 million loss in the prior year.
Operating expenses fell to A$24.6 million from A$34.9 million, with employee benefits down A$3.7 million and marketing costs reduced by A$3.2 million. Gross profit margin expanded to 63% from 58%, supported by lower claims expenditure through its in-house insurance unit, MyWay Mutual. The EBITDA margin improved from -25% in FY25 to +1% in FY26.
Second-half performance showed further progress, with EBITDA reaching A$3.5 million and a 17% EBITDA margin, while net profit after tax was A$2.3 million. The group ended the year with A$10.0 million in cash and no debt, supported by a A$3.2 million placement from partner JB Group completed in November 2025.
MyWay Mutual, which brought protection margins in-house, processed 2,447 claims totaling A$2.7 million with a 99% approval rate and a 68% loss ratio. The initiative generated approximately A$2.0 million in annual savings compared with the previous external insurance model, with an average claims turnaround time of 85 days.
Geographic performance was mixed, with Australia generating A$25.1 million in revenue from 41,036 bookings, while New Zealand improved. However, the UK, Germany, and other European markets saw declines. Q4 demand was heavily impacted by Middle East tensions and fuel supply uncertainty, with GTV falling 30% in the quarter after tracking 3% behind the prior year.
Future bookings stood at A$19.0 million as of August 24, 2026, a 13% recovery from A$16.75 million on June 30, though still below the A$22.9 million recorded in the prior corresponding period. The company maintained a three-year partnership with JB Group, under which new vans from JB Group brands include a complimentary three-year Club Camplify bundle.
Camplify’s marketplace, Camplify Xchange, now features 493 live listings across 12 dealer partners since launch.
