Camplify (CHL) H1 2026 earnings summary

Executive summary

• Statutory net loss after tax reduced by 62% to $2.93 million for H1 FY26, reflecting a significant bottom-line improvement and a $5 million year-over-year gain.

• Positive operating cash inflow of $12.18 million, reversing a prior outflow, with cash reserves rising to $23.2 million at period end.

• Focus shifted to execution, cost management, and scaling high-margin products, with improved conversion metrics and efficiency.

• Strategic partnership with JB Group initiated to expand managed services and insurance distribution, including pilot programs and rollout plans.

• Fully integrated global operations onto a single technology platform, enabling rapid product deployment across seven markets.

Financial highlights

• Revenue for H1 FY26 was $19.06 million, down 4.7% year-over-year from $19.95 million, with resilience despite a deliberate reduction in GTV to $54.6 million from $65.4 million.

• Platform take rate increased to 26.9% from 24.9%, and average booking value was $1,612.

• Premium Membership revenue nearly doubled to $4.36 million, with margins in ANZ rising from 14% to 33%.

• Marketing expenses reduced to $2.03 million from $5.37 million, now 10.5% of revenue; employee benefits down to $6.63 million from $8.38 million.

• Gross profit margin improved to 55.7% from 53.8% year-over-year.

Outlook and guidance

• Focus for H2 FY26 is on scaling profitable growth, leveraging technology, automation, and high-margin products.

• Marketing spend expected to rise to 11.5%-12% of revenue in H2 to support seasonal growth.

• Strong future bookings pipeline: $34.2 million as of December 31, 2025, with $11 million already booked in January.

• Expansion of managed services depots and rental fleet through JB partnership, targeting high-margin growth.

• H2 expected to benefit from seasonality, improved conversion rates, and margin profile.