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Mustera Property Group Limited (ASX:MPX)

ALERT: Price-sensitive ASX Announcement for MPX
Current share price for MPX : $0.105 0.005 (5%)+
Announcement
Release
31 Jul 2026 5:09PM
Price at Release
$0.100
Full Release
download
Summary
During the June 2026 quarter, Mustera Property Group Ltd made significant progress on its Verse on McCabe development project by completing initial demolition and piling works, achieving over $44.1 million in contracted pre-sales. The company incurred $2,001,000 in operating costs and $141,000 in marketing expenses for the project and its broader property portfolio. Furthermore, Mustera continued its marketing strategy for Forbes Residences while managing a cash outflow of $2,407,000 from operations. The company also secured a construction facility with PAG to support the Verse Project's financing needs.
Key Points
  • Mustera Property Group Ltd focused on advancing the Verse on McCabe Project during the quarter.
  • Operational activities included demolition and piling works, with significant pre-sales achieved.
  • Marketing efforts for Forbes Residences continued, with emphasis on selling the last commercial lot.
  • Operating costs for the quarter were approximately $2,001,000, with marketing costs at $141,000.
  • Staff and administrative costs totaled $546,000, with additional interest costs of $219,000.
  • The company executed a construction facility with PAG for the Verse Project, post-quarter.
  • Cash flows from operations resulted in a net cash outflow of $2,407,000 for the quarter.
  • Financing activities included proceeds from borrowings amounting to $2,700,000.
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.