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Butn Limited (ASX:BTN)

ALERT: Price-sensitive ASX Announcement for BTN
Current share price for BTN : $0.017 -0.071 (-80.57%)+
Announcement
Release
25 Aug 2025 9:42AM
Price at Release
$0.088
Full Release
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Summary
Butn Limited released its Preliminary Final Report for the year ended 30 June 2023. The company reported strong growth in key metrics, including a record $1.13 billion in originations, representing a 42% increase from the previous year. Revenue also grew by 40% to $16.7 million, and gross profit increased by 50% to $7.2 million. Despite these improvements, Butn reported a net loss after tax of $4.4 million, reflecting investments in technology, people, and scaling its digital distribution. The report highlights Butn’s focus on digital partnerships and platform integrations, particularly expansion with MYOB and the continued scaling of its digital channel. The balance sheet remained robust with $35 million in capital and funding facilities, and the company is focused on further growth and profitability in FY24. No dividends were declared for the period.
Key Points
  • Record originations of $1.13 billion, up 42% from the previous year
  • Revenue increased by 40% to $16.7 million
  • Gross profit rose by 50% to $7.2 million
  • Net loss after tax of $4.4 million due to investment in technology and business scaling
  • Strong balance sheet with $35 million in capital and undrawn funding
  • Expansion of digital partnerships, notably with MYOB
  • Focus on digital channel growth and platform integrations
  • No dividend declared for the reporting period
  • Positioned for further growth and aiming for profitability in FY24
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.