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Mustera Property Group Limited (ASX:MPX)

ALERT: Price-sensitive ASX Announcement for MPX
Current share price for MPX : $0.120 -0.02 (-14.29%)+
Announcement
Release
31 Oct 2025 3:13PM
Price at Release
$0.140
Full Release
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Summary
Mustera Property Group Ltd's Quarterly Activities Report for the September 2025 quarter highlights a robust financial performance, marked by a net cash inflow from operating activities of $2.407 million and significant refinancing efforts that reduced overall financing costs. The company actively marketed its projects, including the Verse on McCabe and Forbes Residences, achieving several sales under contract and settling a residential unit for $3.5 million. Investments in marketing and operational activities were substantial, yet the company maintained a positive cash position of $3.619 million by quarter-end. The report outlines strategic financing through a $3 million loan facility to bolster development initiatives.
Key Points
  • Mustera Property Group Ltd reported cash inflows from customers totaling $3,922,000 for the quarter ending 30 September 2025.
  • The company spent approximately $556,000 on operating costs and $508,000 on marketing costs during the quarter.
  • Successfully refinanced an existing debt facility with National Australia Bank, reducing overall financing costs.
  • Entered into a $3 million loan facility with a private lender to support development activities.
  • Net cash from operating activities was $2,407,000, while net cash used in investing activities was $1,475,000.
  • Financing activities resulted in net cash inflows of $2,000,000, with proceeds from borrowings of $4,900,000.
  • Cash and cash equivalents at the end of the period totaled $3,619,000.
  • Sales campaigns for projects such as Verse on McCabe and Forbes Residences showed significant progress, with several units under contract.
  • Payments to related parties during the quarter amounted to $150,000.
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.