The latest update is out from Butn Limited ( (AU:BTN) ).
Butn Limited has reported a record quarterly revenue of $3.6 million for Q2 FY25, marking an 11% increase from the previous corresponding period. The company’s platform originations also hit a record of $41.6 million, up 16%, reflecting strong deal flows and client adoption. The positive performance is supported by a business optimization initiative that reduced net operating costs by 15%, resulting in a third consecutive quarter of positive operating cash flow and a closing cash position of $16.8 million, up 9% from the prior quarter. Butn is actively exploring growth opportunities, including a strategic move into the APAC Crypto-Backed Lending Market, signaling continued momentum and expansion plans that could strengthen its industry positioning and benefit stakeholders.
More about Butn Limited
Butn Limited operates in the financial services industry, providing innovative finance solutions primarily focused on the SME sector. The company is expanding its market focus, including a recent entry into the APAC Crypto-Backed Lending Market, utilizing its digital ‘Originate to Distribute’ model to offer secured lending services.
YTD Price Performance: 2.82%
Average Trading Volume: 615,748
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$20.39M
For an in-depth examination of BTN stock, go to TipRanks’ Stock Analysis page.