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Butn Limited provides transactional funding to small and medium enterprises in Australia. The company offers funding solutions, such as Butn X, for cash up front against invoice or receivables, as well as invoice finance, debtor finance, selective invoice finance, and factoring; Butn Terms for outsource credit terms; and Butn Pay for paying invoice or bill in client's behalf. It also provides supply chain finance and commission advancement; and secured funding to new franchisees. In addition, the company is involved in private credit investment management activities. Butn Limited was founded in 2015 and is based in Balaclava, Australia.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public disclosures for Butn Ltd (ASX: BTN) are limited; the company presents itself as a technology marketplace linking consumers with service providers in Australia. Long-term growth could be driven by increased user adoption, monetisation of transactions and strategic partnerships, and investors may find potential value in scalable revenue if engagement expands.
Material investment risks include execution and commercialisation risk, uncertain profitability, potential need for additional capital, competitive pressure from established players and changing regulation or market liquidity constraints.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -3.90M | -2.64M | -12.33M | -6.41M | -8.69M |
| Net income | -3.83M | -2.66M | -12.33M | -6.53M | -8.66M |
| Selling general administrative | 3.38M | 3.21M | 4.53M | 5.86M | 5.00M |
| Selling and marketing expenses | - | - | 10.42M | 4.54M | - |
| Gross profit | 15.01M | -7.87M | 13.49M | 11.87M | 5.60M |
| Reconciled depreciation | 0.26M | 0.25M | 3.13M | 1.44M | 1.35M |
| Ebit | 2.72M | 5.56M | -3.96M | 0.02M | -5.56M |
| Ebitda | 2.98M | 5.81M | -0.83M | 1.46M | -4.21M |
| Depreciation and amortization | 0.26M | 0.25M | 3.13M | 1.44M | 1.35M |
| Operating income | 2.72M | -2.64M | -4.86M | 0.02M | -5.56M |
| Other operating expenses | 12.55M | 2.98M | 18.08M | 11.84M | 11.16M |
| Interest expense | 10.80M | 8.20M | 8.10M | 6.69M | 3.70M |
| Tax provision | -0.07M | 0.02M | -0.00M | 0.13M | -0.03M |
| Interest income | 0.77M | 0.33M | 0.28M | 5.12M | 0.02M |
| Net interest income | -9.86M | -7.87M | -7.82M | -6.20M | -3.56M |
| Income tax expense | -0.07M | 0.02M | -0.00M | 0.13M | -0.03M |
| Total revenue | 15.27M | 0.33M | 13.49M | 11.85M | 5.60M |
| Total operating expenses | 12.29M | -5.23M | 4.51M | 10.40M | 11.16M |
| Cost of revenue | 0.26M | 8.20M | 8.10M | -0.02M | - |
| Total other income expense net | -6.62M | -5.90M | -7.47M | -6.42M | 0.43M |
| Net income from continuing ops | -3.83M | -2.66M | -12.33M | -6.53M | -8.66M |
| Net income applicable to common shares | - | -2.66M | -12.33M | -6.53M | -8.66M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 99.60M | 107.54M | 91.27M | 98.98M | 77.82M |
| Intangible assets | 0.83M | 1.26M | - | 3.75M | 5.13M |
| Other current assets | 0.04M | 0.69M | 0.16M | 0.05M | 0.23M |
| Total liab | 88.15M | 95.39M | 83.16M | 83.34M | 59.80M |
| Total stockholder equity | 11.46M | 12.14M | 8.11M | 15.64M | 18.02M |
| Deferred long term liab | - | - | - | - | 0.21M |
| Other current liab | 3.06M | - | 2.51M | 0.78M | 3.98M |
| Common stock | 49.28M | - | 39.77M | 35.12M | 31.37M |
| Capital stock | 49.28M | 46.37M | - | 35.12M | 31.37M |
| Retained earnings | -39.53M | -35.80M | -33.14M | -20.81M | -14.28M |
| Other liab | - | - | - | 0.03M | 0.10M |
| Other assets | - | - | - | 1.36M | 1.67M |
| Cash | 13.25M | 16.32M | 13.36M | 14.67M | 15.78M |
| Total current liabilities | 12.52M | 95.34M | 71.95M | 24.93M | 3.35M |
| Current deferred revenue | 0.87M | - | 0.72M | - | 0.55M |
| Net debt | 70.62M | 74.69M | 66.37M | 64.85M | 40.57M |
| Short term debt | 8.29M | - | 68.55M | 0.04M | 0.01M |
| Short long term debt | 8.29M | 91.00M | - | 21.14M | 0.01M |
| Short long term debt total | 83.87M | - | 79.73M | - | 56.35M |
| Other stockholder equity | - | - | -0.00M | 1.33M | 12.30M |
| Total current assets | 94.56M | 104.94M | 88.84M | 93.87M | 71.24M |
| Net tangible assets | - | - | - | 11.89M | 13.11M |
| Short term investments | 2.05M | 4.00M | - | - | 0.02M |
| Net receivables | 79.22M | 87.74M | 75.33M | 79.15M | 55.22M |
| Long term debt | 75.58M | - | - | 58.38M | 56.35M |
| Accounts payable | 0.30M | 0.70M | 0.17M | 0.48M | 0.80M |
| Accumulated other comprehensive income | 1.71M | - | 1.48M | - | 0.93M |
| Non currrent assets other | - | - | 1.06M | - | - |
| Non current assets total | 5.04M | 2.60M | 2.42M | 5.11M | 6.58M |
| Long term debt total | - | - | - | 58.38M | 56.35M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -0.05M | -14.79M | -2.64M | -26.09M | -29.48M |
| Change to liabilities | - | - | - | -0.04M | 0.51M |
| Total cashflows from investing activities | 1.87M | -14.79M | -2.64M | -26.09M | -29.48M |
| Net borrowings | -4.23M | 10.00M | -0.50M | 23.67M | 15.74M |
| Total cash from financing activities | -3.25M | 15.85M | 3.65M | 25.61M | 33.60M |
| Change to operating activities | - | - | - | 1.18M | 1.04M |
| Net income | -3.83M | -2.66M | -12.33M | -6.53M | -8.66M |
| Change in cash | -3.07M | 2.81M | -1.35M | -1.11M | 0.27M |
| Begin period cash flow | 16.32M | 13.28M | 14.63M | 15.78M | 15.51M |
| End period cash flow | 13.25M | 16.09M | 13.28M | 14.67M | 15.78M |
| Total cash from operating activities | -1.66M | 1.74M | -2.36M | -0.67M | -3.85M |
| Issuance of capital stock | 3.04M | 6.98M | 5.01M | 3.00M | 20.00M |
| Depreciation | 0.26M | - | 3.13M | 1.44M | 1.35M |
| Other cashflows from investing activities | 2.53M | -10.01M | -1.83M | -24.93M | -26.24M |
| Dividends paid | - | - | - | 1.05M | 21.00M |
| Change to account receivables | 0.41M | -0.47M | -0.33M | 0.71M | 0.68M |
| Sale purchase of stock | -0.27M | -0.39M | -0.37M | -0.06M | -1.51M |
| Other cashflows from financing activities | - | -0.74M | -0.50M | 46.46M | 41.37M |
| Change to netincome | - | - | - | 3.25M | 1.91M |
| Capital expenditures | 0.00M | 0.78M | 0.80M | 1.16M | 3.24M |
| Change in working capital | 0.22M | 0.51M | -0.35M | 1.17M | 1.55M |
| Stock based compensation | - | - | 0.16M | 0.39M | 0.47M |
| Other non cash items | 1.69M | 1.23M | 7.19M | 5.74M | 3.61M |
| Free cash flow | -1.66M | 0.97M | -3.16M | -1.83M | -7.09M |
Sector: Financial Services Industry: Credit Services
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| BTN Butn Ltd |
- -% |
0.01 | - | - | 0.67 | 0.33 | 4.74 | 10.37 |
| ZIP ZIP Co Ltd |
-0.10 4.61% |
2.07 | 20.10 | 12.32 | 1.87 | 3.53 | 3.52 | 11.32 |
| CCP Credit Corp Group Ltd |
0.15 0.96% |
15.82 | 10.05 | 8.78 | 2.22 | 1.13 | 2.50 | 7.39 |
| LFG Liberty Financial Group |
0.04 1.25% |
3.24 | 7.13 | 6.71 | 1.63 | 0.86 | 40.84 | 11.07 |
| LFS Latitude Group Holdings Ltd |
-0.01 1.19% |
0.83 | 9.22 | - | 1.59 | 0.66 | 6.49 | 13.37 |
Butn Limited provides transactional funding to small and medium enterprises in Australia. The company offers funding solutions, such as Butn X, for cash up front against invoice or receivables, as well as invoice finance, debtor finance, selective invoice finance, and factoring; Butn Terms for outsource credit terms; and Butn Pay for paying invoice or bill in client's behalf. It also provides supply chain finance and commission advancement; and secured funding to new franchisees. In addition, the company is involved in private credit investment management activities. Butn Limited was founded in 2015 and is based in Balaclava, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Walter Rapoport | Co-Founder, Joint CEO & Exec. Director | NA |
| Mr. Rael Ross | Co-Founder, Joint CEO & Exec. Director | NA |
| Mr. Darryl Lasnitzki | CFO & Company Sec. | NA |
| Mr. Mark Newstead | Chief Operating Officer | NA |
| Mr. Abhinov Gulati | Chief Technical Officer | NA |
| Mr. Simran Gambhir | Chief Information Officer | NA |
| Mr. Walter Rapoport | Co-Founder, Joint CEO & Executive Director | NA |
| Mr. Rael Ross | Co-Founder, Joint CEO & Executive Director | NA |
| Dean - Berelowitz | Financial Controller & Company Secretary | NA |
| Mr. Walter Rapoport | Co-Founder, Joint CEO & Executive Director | NA |
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