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Butn Limited (ASX:BTN)

ALERT: Price-sensitive ASX Announcement for BTN
Current share price for BTN : $0.015 -0.014 (-48.28%)+
Announcement
Release
21 Apr 2026 8:39AM
Price at Release
$0.029
Full Release
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Summary
Butn Limited reported a strong trading performance for March 2026, achieving record monthly originations of $55.7 million, a 44% increase from the previous year, and record monthly revenue of $1.5 million, up 30% from March 2025. The company's platform originations for Q3 FY26 reached $69.8 million, marking a 60% year-on-year increase. Operating cash expenses reduced by 11% to $3.8 million compared to Q2 FY26, with cash and short-term investments totaling $13.8 million as of the end of March. Butn also completed a successful share buy-back program, aiding in cost efficiency, and continues to advance strategic initiatives to fuel growth. Their securities are trading at a 20% discount relative to their cash and short-term investments position.
Key Points
  • Record monthly originations of $55.7 million in March 2026, up 44% on March 2025
  • Record monthly revenue of $1.5 million in March 2026, up 30% on March 2025
  • Q3 FY26 platform originations of $69.8 million, up 60% on prior corresponding period
  • Operating cash expenses of $3.8 million, representing an 11% reduction from Q2 FY26
  • $13.8 million in cash and short-term investments as at 31 March 2026
  • Successful unmarketable parcel share buy-back program completed
  • Continued progress on strategic initiatives for growth
  • Butn's securities trading at approximately 20% discount to cash and short-term investment position
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.