Butn Limited (ASX: BTN) Reports Record Quarterly Revenue
Record Financial Performance
Butn Limited (ASX: BTN) has reported a record quarterly revenue of $3.6 million for Q2 FY25, representing an 11% increase compared to the previous corresponding period. This marks the third consecutive quarter of positive operating cashflow, with Butn achieving a sustainable $0.3 million, up from prior quarters.
The company also reported improved revenue margins of 3.0%, up from 2.7% in the previous period. Butn’s effective operational strategies contributed to a 15% decrease in net operating costs, which amounted to $3.3 million. The closing cash position stood at $16.8 million, reflecting a 9% increase from the previous quarter.
Platform Originations
Q2 FY25 saw record platform originations of $41.6 million, marking a 16% increase on the prior comparative quarter. These originations are pivotal to Butn’s business model, with a strong endorsement from the SME community, showcasing the effectiveness of its product offerings.
Future Growth and Initiatives
Butn plans to build on its current momentum by pursuing new opportunities. Recent initiatives include entering the APAC Crypto-Backed Lending Market, leveraging a unique digital “Originate to Distribute” model. This strategic move potentially enhances the firm’s growth trajectory, especially with the recent launch of its Retail Private Credit Fund.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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