Camplify Holdings (ASX: $CHL) H1FY24 report highlights

Camplify Holdings Limited (ASX: $CHL) has reported a loss of $2,995,221 for the half-year ended 31 December 2023, compared to $3,330,865 for the same period in 2022. The company gained control over Camplify Co (Portugal) Unipessoal Lda and focused on creating a global platform to service all current and future regions. The company's CEO, Justin Hales, emphasized the achievement of a GTV of $89.3m, a revenue of $24.3m, and an increased take rate from 26.9% to 27.2% in H1FY24. The strategic plan for profitability has been set by the board of directors, with a statutory loss after tax of $3.0m in H1FY24, categorized into normal operational expenses and one-off expenses relating to business acquisitions and combinations.

Executive commentary on H1FY24 performance

Justin Hales, CEO of Camplify Holdings Limited, highlighted the company's focus on global platform development, achieving a GTV of $89.3m and a revenue of $24.3m in H1FY24. He emphasized the strategic plan for profitability set by the board of directors and the company's pathway to profitability becoming clear as it continues to scale and grow. Hales also mentioned the successful acquisition of the German-based P2P RV rental sharing platform in FY23, which doubled the size of the existing business. The company's focus in H1FY24 was on stabilizing and integrating the acquired business into the CHL model, with key milestones achieved in early H2FY24.

Outlook for Camplify Holdings

Camplify Holdings (ASX: $CHL) is focused on the global rollout of its MGA MyWay across all markets, with significant steps made in the development of this business unit. The company aims to have all active Northern Hemisphere markets completed in FY24, with Southern Hemisphere markets completed in Q1FY25. Additionally, the company has centralized call center operations in Portugal to enhance customer experience and achieve European scalability. With its investment into a global networked platform and supporting insurance MGA, CHL is well positioned to provide significant returns to shareholders in future years. The company's strategic focus on profitability, efficiency, and technology development is expected to drive growth and development globally in the coming periods.