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Butn Limited (ASX:BTN)

ALERT: Price-sensitive ASX Announcement for BTN
Current share price for BTN : $0.017 -0.038 (-69.09%)+
Announcement
Release
23 Feb 2026 9:41AM
Price at Release
$0.055
Full Release
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Summary
Butn Limited announced its financial results for the half-year ending 31 December 2025, reporting a revenue of $8.2 million, a 15% increase from the previous year. Despite this, the company experienced an underlying net loss after tax of $1.5 million and a statutory loss after tax of $1.9 million, partly due to one-off legal and advisory expenses. Record platform originations of $113.9 million were achieved, marking a 38% increase. The company secured a $100 million debt facility with $77 million drawn from Northleaf Capital Partners, aiding their capital structure optimization. Butn also raised $3 million as part of a $10 million equity placement to support growth and balance sheet strength. The board welcomed Stanley Gordon as an Independent Non-Executive Director, and the company continues to pursue opportunities for organic and inorganic growth, including ventures in the APAC crypto-backed lending market.
Key Points
  • Platform originations reached a record $113.9 million, a 38% increase compared to the prior corresponding period.
  • Revenue for the half-year ending 31 December 2025 was $8.2 million, a 15% increase from $7.1 million in the previous corresponding period.
  • The company reported an underlying net loss after tax of approximately $1.5 million, with a statutory loss after tax of $1.9 million.
  • A $100 million senior debt facility was established with Northleaf Capital Partners, with $77 million already drawn.
  • In September 2025, Stanley Gordon was appointed as an Independent Non-Executive Director.
  • The company completed a $3 million equity placement as part of a $10 million raise announced in July 2025.
  • Butn Limited is exploring growth opportunities, including the establishment of the Moneybox retail private credit fund and entry into the APAC crypto-backed lending market.
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.