• Record quarterly revenue of $3.6 million, up 11% on prior year
• Positive operating cashflow of $0.3 million, third consecutive quarter of positive cashflow
• Record platform originations of $41.6 million, up 16% on prior year

Butn Ltd has reported a strong performance in Q2 FY25, achieving record quarterly revenue of $3.6 million, up 11% on the previous corresponding period. This was driven by continued growth in platform originations, which reached a record $41.6 million, up 16% on the prior year. The company also delivered its third consecutive quarter of positive operating cashflow, reporting $0.3 million in Q2 (inclusive of $0.2 million in one-off/annual recurring fees). This was achieved through improved revenue margins, which increased to 3.0% from 2.7% in the prior year, as well as a 15% decline in net operating cost payments. Butn's cash position also strengthened, closing the quarter at $16.8 million, up 9% from the prior quarter. The company has continued to consolidate its position, with a growing sales pipeline and the recent announcement of an agreement to enter the APAC Crypto-Backed Lending Market, leveraging its 'Originate to Distribute' model. Overall, Butn has demonstrated strong operating leverage and momentum, positioning the business for continued success in the second half of FY25.

Butn reported record quarterly revenue of $3.6 million in Q2 FY25, up 11% on the prior year, with revenue margins improving to 3.0% from 2.7% in the prior year.

Butn continues to pursue new organic and inorganic growth opportunities, with a growing sales pipeline, including the recently announced entry into the APAC Crypto-Backed Lending Market. The company is well-positioned to build on its strong performance in the first half of FY25.