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Mustera Property Group Limited (ASX:MPX)

ALERT: Price-sensitive ASX Announcement for MPX
Current share price for MPX : $0.120 -0.01 (-7.69%)+
Announcement
Release
30 Apr 2026 12:53PM
Price at Release
$0.130
Full Release
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Summary
Mustera Property Group Ltd reported significant progress during the March 2026 quarter, particularly in its Verse on McCabe residential development project in North Fremantle, where it secured $20.3 million in sales and planned to commence construction in the next quarter. Additionally, the company settled units in the Forbes Residences in Applecross, contributing to total cash settlements of $3.36 million. The quarter saw operating costs of $678,000 and marketing expenses of $165,000, with a net cash inflow from operating activities of $2.069 million. Mustera concluded the quarter with cash and cash equivalents of $2.493 million and maintained financial facilities with NAB and a private lender. Payments to related parties during the quarter totaled $139,000.
Key Points
  • Mustera Property Group Ltd is advancing its Verse on McCabe project in North Fremantle.
  • During the March 2026 quarter, the company contracted $20.3 million in sales for the Verse on McCabe project.
  • Construction for Verse on McCabe is set to commence in the second quarter of 2026.
  • The company reached settlements on units in the Forbes Residences project, totaling $3.36 million.
  • Mustera incurred operating costs of approximately $678,000 and marketing costs of $165,000 during the quarter.
  • Cash and cash equivalents at the end of the period were $2.493 million.
  • The company reported a net cash inflow from operating activities of $2.069 million for the quarter.
  • Mustera maintains several financing facilities, including agreements with NAB and a private lender.
  • Total payments to related parties during the quarter amounted to $139,000.
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.