Butn Limited Reports Record Revenue Growth

Butn Limited (AU:BTN) has released an update.

Butn Limited has reported a record-breaking fiscal year, with a 14% increase in revenue to $13.5 million and a 6% rise in originations to $468 million, driven by a 35% growth in platform originations. Despite a challenging economic environment, the company maintained a low write-off rate of 0.5% and achieved a positive operating cash flow in the fourth quarter. The company also strengthened its financial position by raising $5 million in equity, ending the year with $13.3 million in cash, and anticipates lower non-cash losses in the upcoming year.

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