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Mustera Property Group Limited (ASX:MPX)

ALERT: Price-sensitive ASX Announcement for MPX
Current share price for MPX : $0.120 -0.015 (-11.11%)+
Announcement
Release
29 Jan 2026 8:13PM
Price at Release
$0.135
Full Release
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Summary
The Quarterly Activities Report & Appendix 4C for Mustera Property Group Limited for the period ending 31 December 2025 outlines the company's operational activities and financial status. The report highlights the progression of the 'Verse on McCabe' residential development, with contracted sales totaling approximately $15.05 million. Mustera also settled a residential unit for $3 million in the Forbes Residences project. The company divested land in Midland for $1.375 million to focus on its core developments. Financially, Mustera reported net operating cash inflows of $1.104 million for the quarter, with notable expenditures on operating and marketing costs. The group's cash position at the end of the quarter was $1.952 million. Unused financing facilities amounted to $55,000. The company has several secured loans, including agreements with Harvis Finance and NAB, and expects to commence construction on its McCabe development in Q2 2026.
Key Points
  • Mustera advanced its 'Verse on McCabe' development with $15.05 million in sales under contract.
  • Settlement of a $3 million residential unit at Forbes Residences.
  • Divestment of Midland land for $1.375 million.
  • Net operating cash inflow of $1.104 million for the quarter.
  • Cash and cash equivalents at quarter-end were $1.952 million.
  • Unused financing facilities of $55,000.
  • Secured loan agreements with Harvis Finance and NAB.
  • Construction on McCabe development anticipated to start in Q2 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.