Butn Limited announces quarterly financial results

Butn Limited (ASX:BTN) has published its quarterly cash flow report for the period ending 30 September 2024. The report reveals a positive net cash flow from operating activities, demonstrating financial stability. The company has also outlined details regarding its cash position and available financing facilities.

Comprehensive overview of Butn's financial report

Butn Limited's latest quarterly cash flow report highlights the company's financial activities for the September 2024 quarter. The company reported receiving $3,546,000 from customers, with net cash from operating activities amounting to $299,000. In investing activities, Butn managed to secure $1,671,000 net cash, primarily through net proceeds from receivables. There were no changes in financing activities, leaving net cash unchanged. The company ended the quarter with a cash balance of $15,254,000, an increase from the previous period. With strong financial management, Butn maintains significant loan facilities totaling $81,326,000, fully drawn and secured against receivables. The company continues to ensure transparency and compliance with ASX regulations, positioning itself for potential growth and financial resilience.

Executive insights on Butn's financial performance

Butn's positive net cash flow from operating activities underscores our commitment to financial discipline and strategic management of resources. Our strong cash position enhances our capability to pursue growth opportunities.