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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 (0%)+
Announcement
Release
27 Feb 2026 6:42PM
Price at Release
$0.120
Full Release
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Summary
Mustera Property Group Limited, trading under ASX code MPX, reported its FY26 Interim Financial Results for the half-year ending 31 December 2025. The company recorded revenue of $7.28 million, up 45% from the previous period, primarily due to property sales, particularly from the Forbes Residences Project. Despite increased revenue, a net loss of $724,430 was reported, attributed to development costs and inventory write-downs. The company focused on completing the Forbes Road project and advancing the Verse on McCabe development, which has generated significant interest and pre-sales. Cash flow from operations was positive, with significant debt repayments enhancing financial stability. There were no dividends proposed during this period.
Key Points
  • Revenue increased by 45% to $7.28 million.
  • Net loss was $724,430, down from $1.87 million the previous year.
  • Primary revenue from the sale of Forbes Residences Project.
  • Significant development focus on Verse on McCabe in North Fremantle.
  • Positive net cash flow from operations at $3.51 million.
  • No dividends declared or paid during the period.
  • Successful debt reduction and refinancing activities.
  • Maintained going concern status despite a challenging financial environment.
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.