Camplify Holdings Ltd (ASX:CHL) Releases H1FY25 Interim Results
Financial Performance
Camplify Holdings Limited reported a gross transaction value (GTV) of $65.35 million for H1FY25, a 26.9% decrease compared to the previous year. Revenue declined to $19.95 million, down 17.8% year-on-year. The company recorded an EBITDA loss of $6.81 million for the period.
Operational Highlights
The reduction in revenue was driven by a decline in TAP bookings in Australia by $1.9 million, the impact of the PaulCamper trade in Europe by $1.5 million, and ceasing van sales operations, resulting in a $1.8 million reduction. Marketing spend increased to 27% of revenue from 15.5% pcp, and employee benefits rose to 42% from 39.1% pcp. The takerate improved to 30.53% from 25.65% pcp. Camplify is implementing a new insurance offering expected in Q4FY25.
Executive Comments
CEO Justin Hales stated, “The first half result has been a challenging environment to navigate with reduction in revenue and increased costs. However CHL has a focus on profitability for the remainder of FY25.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Camplify. The Motley Fool Australia has recommended Camplify. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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