Key Highlights

  • Full-year Group EBITDA reached $0.3 million, a $10.6 million turnaround from the $10.4 million EBITDA loss reported in FY25.
  • Second-half EBITDA was $3.5 million on Revenue of $20.1 million, with the EBITDA Margin lifting from -13% in H2 FY25 to 17% in H2 FY26.
  • Statutory net loss after tax reduced 96% to $0.8 million, compared with a restated loss of $16.5 million in FY25.
  • Total revenue for FY26 was $39.2 million, down 6.8% from $42.0 million in FY25, reflecting a deliberate strategy to prioritise higher-margin Recurring Revenue over lower-margin transactional volume.

Camplify Holdings Limited (ASX:CHL) has released its Appendix 4E and Annual Financial Report for the year ended 30 June 2026. Full-year Group EBITDA was $0.3 million, compared with an EBITDA loss of $10.4 million in FY25, representing a $10.6 million turnaround. The statutory net loss after tax of $0.8 million represents a 95% improvement on the restated prior-year loss of $16.5 million, with the Group returning to profitability in the second half of the financial year. No dividends were declared during the period.

The year comprised two distinct halves. First-half EBITDA was a loss of $3.2 million as the company completed its cost reduction program and structural reset. Second-half EBITDA was a profit of $3.5 million on revenue of $20.1 million, up 5.6% on the first half, with the EBITDA margin lifting from -13% in H2 FY25 to 17% in H2 FY26. Second-half cost of sales of $5.9 million was 30% lower than the prior corresponding period, reflecting the full effect of carrying the MyWay Mutual protection margin in-house. Included in FY26 expenditure were $330,000 in one-off restructuring costs.

Total revenue for FY26 was $39.2 million, a decrease of 6.8% from $42.0 million in FY25, which the company describes as a deliberate outcome of its strategy to prioritise higher-margin, recurring revenue over low-margin transactional volume. Gross Profit Margin improved to 63%, up from 58% in FY25, and premium membership fees grew 38% to $7.6 million.

Cost Base Reduction

Camplify reported a structurally lower cost base for the year. Employee benefits expense reduced by $3.7 million to $12.4 million, Marketing expense reduced by $3.2 million to $4.2 million, and total operating expenses were down $10.3 million year on year to $24.6 million.

MyWay Mutual and June Quarter Disruption

The MyWay Mutual, the company's member-owned protection model, completed its first year of operation, paying $2.7 million across 2,447 member claims with a 99% approval rate and a 68% loss ratio, which the company describes as inside target range for a fully funded first year.

During the June quarter, escalating conflict in the Middle East drove global oil price Volatility and consumer concern around fuel security, with forward bookings initially falling 29%. The company responded by stepping the Business down to a lower operating cost level while maintaining margins as trade improved through the back half of the quarter. Forward bookings recovered in Australia and New Zealand to close the year at $16.75 million, in line with 31 March 2026 levels, and have continued to build, reaching $19.0 million as at 24 August 2026, up $2.25 million or 13% since 30 June 2026. European markets remain subdued, and European expenditure continues to be tightly managed.

Balance Sheet and Cash Position

Camplify held cash of $10.0 million at 30 June 2026, up from $8.4 million in the prior year, with no debt. Net operating cash outflows reduced to $1.2 million, compared with a $4.5 million outflow in FY25.

CEO and Founder Justin Hales said FY26 was the year the turnaround took hold, with the reset business delivering a $3.5 million EBITDA profit in the second half through a quarter that brought a genuine external Demand shock. He said every major cost line finished the year structurally lower, the MyWay Mutual has transformed the company's margin profile, and its revenue base is now more recurring, higher margin and materially more resilient.

FY27 Priorities

Entering FY27, Camplify's stated priorities include sustained profitability and positive Cash Flow for the full year while maintaining the reset cost base and returning to cost-effective growth in core markets; scaling the MyWay Mutual through its first full year at scale, including expansion into Northern hemisphere markets; moving the JB Group managed-services pilot to a network rollout across the JB Caravans dealer network, with every new JB Group van bundled with Club Camplify membership; and expanding member services with a focus on the Australian market, including Camplify Xchange and dealer partnerships.

Conclusion

Camplify's FY26 result marks a return to EBITDA profitability following a structural reset of the business completed in the first half, with the improved cost base and MyWay Mutual contributing to a second-half EBITDA profit of $3.5 million despite a demand shock during the June quarter tied to conflict in the Middle East. Forward bookings have since recovered to $19.0 million, up 13% since financial year end, as the company enters FY27 with no Debt and $10.0 million in cash.