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Camplify Holdings Ltd ASX:CHL

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 3 managers in total.

Position history by manager 3 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

28 Feb 2024 to today

Commentary Showing 2 of 7

DateManagerActionSummary

31 Aug 2026Salter BrothersHeldSalter Brothers continues to hold Camplify Holdings (ASX: CHL) after a 2H26 result in which EBITDA reached $3.5m, a $6.3m improvement on the prior corresponding period, bringing full-year EBITDA to $0.3m. The manager notes this was achieved despite fuel price uncertainty in Australia and weaker international travel to New Zealand, offset by a structural reset of the cost base and a strong contribution from the new mutual insurance product. Salter Brothers highlights a material rebound in forward bookings and the marketplace outlook, along with a significant partnership with JB Group that includes one year of complimentary Club Camplify membership with every van sale. With $10m of cash at the end of June, the manager believes Camplify is well positioned to unlock operating leverage in FY27.

Monthly Report, price recorded $0.36

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28 Aug 2025Salter BrothersHeldSalter Brothers continues to hold Camplify Holdings Ltd despite the company delivering a weak first-half FY25 result, with group revenue down 17.8% and an EBITDA loss of $6.8 million, reflecting softer domestic demand, platform migration issues at PaulCamper in Europe, and a strategic exit from van sales. Salter Brothers notes that while gross booking value declined 26.9%, the company grew its take rate meaningfully to 30.5%, highlighting improved monetisation per booking. The fund is monitoring progress closely, with the second half — which is seasonally stronger — expected to show improving fundamentals from a leaner cost base, improved conversion, and a new member-based insurance product.

Annual Report, price recorded $0.48

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Price at first mentionThe share price recorded when each of 3 managers first commented on CHL.

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Articles

28 Aug 2025Camplify Holdings Nears an Inflection Point After Paul Camper Integration Pain

About Camplify Holdings Ltd

Financials, Road and Rail

Camplify (ASX:CHL), the peer-to-peer campervan and RV rental marketplace, has frustrated small-cap investors after a difficult European expansion. In August 2025, Salter Brothers described Camplify as the market leader in Australia and New Zealand with operations across Europe, but noted a weak first half with revenue down almost 18% and an EBITDA loss of $6.8 million due to softer domestic demand and platform migration problems at German business PaulCamper. Forager Funds and Saville Capital both cited the PaulCamper integration as a key disappointment. Camplify operates in the Industrials sector within the Road and Rail industry, and Thesis Tracker has captured 6 comments from 3 fund managers, including Salter Brothers, Forager Funds and Saville Capital. Founded in 2014 by Justin Hales and headquartered in Wickham, New South Wales, Camplify connects RV owners with holidaymakers across Australia, New Zealand, the UK and Europe.

Market cap: $29m
Price to earnings: Loss-making
Return on equity: -2.0%
Dividend yield: 0.0%
Price to book: 0.74x
Net margin: -2.1%
52-week range: $0.15 to $0.49

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Camplify Holdings Ltd (ASX:CHL)?

Fund managers including Saville Capital, Salter Brothers and Forager Funds have invested in Camplify Holdings Ltd (ASX:CHL).

What opportunities or catalysts do fund managers highlight for Camplify Holdings Ltd?

Salter Brothers believes the stock has been oversold relative to its market-leading position, and Saville Capital remains attracted to the economics and model of the core Australian and New Zealand business.

What are the key risks to the Camplify Holdings Ltd investment thesis, according to fund managers?

Fund managers highlight the troubled integration of German acquisition PaulCamper, including platform migration issues, slowing growth, softer domestic demand and widening losses. Saville exited over concerns about the European business, and Forager noted the expansion has not gone as planned.

What does Camplify Holdings Ltd (ASX:CHL) do?

Camplify Holdings Ltd. is an Australian-based peer-to-peer (P2P) digital marketplace operator in the recreational vehicle (RV) rental market. Founded by Justin Hales in 2014 and headquartered in Wickham, Australia, the company connects RV owners with hirers. Camplify operates through two primary business segments: Marketplace and Membership. The platform facilitates rental transactions, providing a structured digital environment for the recreational vehicle sharing economy.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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