Camplify Holdings Limited (ASX:CHL), a company that operates one of the world’s leading peer-to-peer marketplaces connecting recreational vehicle (RV) owners with hirers across Australia, New Zealand, the UK, and Europe, recently held its 2026 Annual General Meeting. Chair Andrew McEvoy and Founder and CEO Justin Hales delivered addresses highlighting the company’s return to profitability. For the 2026 financial year, Camplify achieved a Group EBITDA of $0.3 million, marking a $10.6 million turnaround from the $10.4 million loss reported in FY25. The second half of FY26 saw a stronger performance, delivering EBITDA of $3.5 million and a net profit after tax of $2.1 million. Revenue for the year reached $39.2 million, with the gross profit margin improving to 63%.
This positive shift was attributed to a structurally lower cost base and a strategic focus on higher-margin revenue. A key driver was MyWay Mutual, the company’s member-owned protection model, which in its first year handled 2,447 member claims, approved 99% of them, and operated at a 68% loss ratio, significantly bolstering gross margins. Furthermore, strategic partnerships are opening new channels; the alliance with the JB Group is progressing to a full network rollout, while a new partnership with NSW National Parks and Wildlife Service will facilitate RV hire at 16 national park campgrounds. The launch of Club Camplify, a retail membership brand, also aims to build a true member offering beyond the rental marketplace.
Looking at the first quarter of FY27 (July to September), Camplify reported Gross Transaction Value of $26.4 million, a 27% decrease on the same period last year, but an improvement on the June quarter’s decline. Australia, the largest market, saw GTV down by 4%. Core Revenue was $6.65 million, down 16%. The company maintained a steady cost base and generated $1.4 million in operating cash flow, finishing the quarter with $11.3 million in cash and no debt. Forward bookings grew 26% over the quarter to $21.1 million, although still 17% below last year.
Camplify’s priorities for the remainder of FY27 include sustaining profitability and positive operating cash flow, returning to cost-effective growth in core markets, scaling MyWay Mutual with expanded member benefits, and growing its member services, including the continued JB Group network rollout.
