• Butn to provide proprietary technology platform for buyer-led supply chain finance programmes
• Global Bank to provide customers, funding and credit underwriting
• Represents a new and significant distribution channel for Butn
• Programmes expected to materially increase Butn's originations and revenue

Butn Limited (ASX: BTN) has executed a Memorandum of Understanding (MOU) with a Top 40 Global Bank to establish buyer-led supply chain finance programmes, initially in Australia. Under the MOU, Butn will provide its proprietary technology platform, including invoice ingestion, validation, payments and programme servicing, while the Global Bank will provide the customers, funding for approved invoices, and conduct buyer credit underwriting. This partnership represents a new and significant distribution channel for Butn, and the company expects these programmes to materially increase its originations and revenue. Butn also expects an increase in its total gross margin, given the use of its proprietary platform for the programmes. The parties are targeting a programme launch in Q3 CY26. This executed MOU demonstrates that leading major global financial institutions recognize the benefits of Butn's proprietary platform and are looking to partner with the company to deliver solutions to their clients. Butn believes this partnership will become a sizable channel, is capital-light for the company (using the Global Bank's balance sheet for funding), and provides a template for similar arrangements with other large financial institutions.

Butn expects these programmes to materially increase its originations and revenue, as well as an increase in its total gross margin, given the use of Butn's proprietary platform for the programmes.

The parties are targeting a programme launch in Q3 CY26, and Butn believes this partnership will become a sizable channel and provide a template for similar arrangements with other large financial institutions.