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Butn Limited
(Sydney:BTN)
Butn Limited (BTN) vs. iShares MSCI Australia ETF (EWA)
Butn Limited Business Overview & Revenue Model
Butn Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.49M | 11.85M | 5.60M | 4.55M | 4.65M |
| Gross Profit | 13.49M | 11.87M | 5.60M | 4.55M | 4.65M |
| EBITDA | -829.98K | 1.72M | -3.64M | -2.13M | 2.77M |
| Net Income | -12.33M | -6.53M | -8.66M | -5.26M | -359.00K |
Balance Sheet | |||||
| Total Assets | 91.27M | 98.98M | 77.82M | 53.30M | 43.39M |
| Cash, Cash Equivalents and Short-Term Investments | 13.36M | 14.67M | 15.78M | 15.52M | 9.92M |
| Total Debt | 79.73M | 79.52M | 56.35M | 46.76M | 41.83M |
| Total Liabilities | 83.16M | 83.34M | 59.80M | 49.70M | 44.29M |
| Stockholders Equity | 8.11M | 15.64M | 18.02M | 3.60M | -907.04K |
Cash Flow | |||||
| Free Cash Flow | -3.16M | -1.83M | -7.09M | -4.58M | -15.08M |
| Operating Cash Flow | -2.36M | -673.74K | -3.85M | -2.43M | -13.79M |
| Investing Cash Flow | -2.64M | -26.09M | -29.48M | -3.04M | -1.29M |
| Financing Cash Flow | 3.65M | 25.61M | 33.60M | 11.06M | 22.85M |
Butn Limited Technical Analysis
Butn Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $17.10B | 11.19 | 9.70% | 3.58% | 11.11% | -4.55% | |
47 Neutral | AU$33.17M | ― | -85.47% | ― | 4.91% | -29.86% | |
| ― | €34.73M | ― | -26.78% | ― | ― | ― | |
60 Neutral | AU$54.44M | 33.33 | 2.31% | 1.45% | -5.36% | ― | |
53 Neutral | AU$112.01M | 7.17 | -13.74% | ― | -14.61% | -325.81% | |
46 Neutral | AU$39.06M | ― | -20.13% | ― | -5.95% | -9.84% | |
42 Neutral | AU$82.68M | ― | -16.83% | ― | -2.45% | -639.57% |
Butn Limited Corporate Events
Butn Limited announced the retirement of Co-CEO Walter Rapoport, who will transition to a Non-Executive Director role. Rapoport, a co-founder, played a pivotal role in Butn’s development, including its IPO. His departure marks a significant transition for the company, with Rael Ross continuing as CEO. The Board has agreed to waive certain vesting conditions for Rapoport’s options, ensuring a smooth transition.
Butn Limited has requested a trading halt on its securities pending an announcement regarding potential debt refinancing and a new senior facility agreement. This move could impact the company’s financial operations and market positioning, as it may influence stakeholder confidence and future business strategies.
Butn Limited has announced an Extraordinary General Meeting (EGM) scheduled for August 1, 2025, at their office in Caulfield North, Victoria. This meeting will be held in person, and shareholders are encouraged to attend to vote on various resolutions. The company emphasizes the importance of submitting proxy votes ahead of the meeting and has made the meeting materials available online for shareholders.
Butn Limited announced a proposed issue of securities, specifically 8,333,333 options expiring on August 1, 2028, with an exercise price of $0.12. This move is aimed at raising capital, potentially impacting the company’s financial position and providing opportunities for stakeholders to invest, thereby enhancing its market presence.
Butn Limited has secured a $10 million corporate credit facility with Mighty Partners to enhance its operational growth and strategic initiatives. This non-dilutive funding will support Butn’s expansion in the receivables and trade finance sector, strengthening its capacity to deliver value to customers and shareholders. The partnership with Mighty Partners, a growth credit lender, is expected to provide strategic support and growth capital, positioning Butn for its next development phase.
Butn Limited has announced a change in the interests of a substantial holder, with Regal Funds Management Pty Limited and its associates now holding a significant portion of the company’s voting securities. This change reflects a shift in the voting power dynamics within the company, potentially impacting its governance and strategic decisions.
Butn Limited has announced the quotation of 69,836,142 ordinary fully paid securities on the ASX, marking a significant step in its market activities. This move is expected to enhance the company’s visibility and liquidity in the financial markets, potentially benefiting stakeholders by increasing the accessibility and attractiveness of its securities.
Butn Limited has announced a proposed issue of 100,250,000 ordinary fully paid securities, with the issue date set for June 23, 2025. This move is expected to bolster the company’s capital base, potentially enhancing its market position and providing additional resources to support its growth initiatives.
Butn Limited has announced a significant financial boost, securing a total of A$20 million in additional funding to support its growth initiatives. This includes a A$10 million institutional placement from professional and sophisticated investors and a non-binding term sheet for a A$10 million corporate credit facility from Mighty Partners. The funds will be used to enhance working capital and explore potential market opportunities, strengthening Butn’s position in the financial services sector.
Butn Limited, listed on the ASX under the code BTN, has requested a trading halt on its securities pending an announcement regarding a potential capital raising. The halt is expected to remain in place until the announcement is made or until the commencement of normal trading on Monday, 16 June 2025. This move indicates that Butn Limited is preparing for a significant financial maneuver, which could impact its market position and stakeholder interests.
Butn Limited’s quarterly cash flow report for the period ending March 31, 2025, indicates a net cash inflow from operating activities amounting to $901,000, despite significant payments for finance costs. However, the company experienced a net cash outflow from investing activities of $6,076,000, primarily due to payments for intellectual property and receivables. The overall cash position decreased over the period, reflecting challenges in balancing operational cash generation with investment outflows.
Butn Limited announced record quarterly revenue of $3.9 million and originations of $124.5 million for Q3 FY25, marking a 19% and 14% increase respectively over the previous corresponding period. The company achieved a positive operating cash flow of $0.9 million, supported by improved revenue margins and reduced operating costs. Strategic growth initiatives, including a partnership with Jim’s Group to provide franchise funding, are expected to enhance Butn’s market positioning and expand its reach in the ANZ region.