• GTV of $65.35m compared to $87.52m pcp
• Revenue of $19.95m compared to $24.27m pcp
• Takerate of 30.53% compared to 25.65% pcp
• CHL recorded a loss of $6.81 EBITDA for the period

Camplify Holdings Limited (CHL) has released its audited results for H1FY25, reporting a GTV of $65.35m, a decrease of 26.9% on the previous year, and revenue of $19.95m, a decrease of 17.8%. CHL's revenue was impacted by a reduction in TAP bookings in Australia of $1.9m, the impact of PaulCamper trade in Europe of $1.5m, and the cessation of van sales operations, which reduced revenue by $1.8m. The H1FY25 statutory loss after tax was $7.1m. CHL's costs were impacted by an increase in marketing spend to 27% of revenue, up from 15.5% in the previous period, as well as an increase in employee benefits to 42% of revenue, up from 39.1% in the previous period. The Australian market saw revenue decline from $17.1m to $13.43m, while the United Kingdom market achieved $1.7m in revenue, a growth of 23.4% compared to the previous year. The Spanish market grew revenue by 57.9%, and the New Zealand market grew revenue by 21.7%. Total fleet achieved was 34,071, a growth of 15.9%, with membership total numbers hitting 5,345. Overall takerate increased across the business to 30.53%, compared to 25.65% in the previous period.

CHL is focusing on several key areas to improve its overall performance and market position, including leveraging technology to improve efficiency and reduce costs, and launching a new member-based insurance solution in Q4FY25. The new insurance solution is expected to increase GP margins from 14% to an estimated 28%, and increase current billings from $8.29m to $10.09m based on current member levels.

CHL is focusing on improving its EU markets, strengthening its position in Camplify markets, reducing operational costs, and increasing members through the rollout of the new member-backed insurance offering. The company is entering the seasonally stronger H2 period with a reduced operational cost through a cost-out program, resolution of key issues in the PaulCamper migration project, improved technology enabling reduction in marketing costs, and the new member-based insurance program ready to launch in Q4.