• Revenue up 45% to $7.3 million
• Loss reduced by 61% to $0.7 million
• Continued progress on development projects
• Divestment of non-core asset

Mustera Property Group Ltd (ASX: MPX) has reported its interim financial results for the six months ended 31 December 2025. The company recorded revenue of $7,278,717, up 45% from the prior corresponding period, largely driven by the sale of inventory from its Forbes Residences Project in Applecross. The Group reported a loss of $724,430, a 61% reduction from the previous corresponding period, which was attributed to project costs expensed during the period for the McCabe Street development and a write down on the Group's inventory. Mustera continued to focus on progressing its portfolio of development assets, including the 42-apartment Verse on McCabe residential development in North Fremantle, which has generated strong sales enquiry and reservations. The company also divested its non-core Grace Quarter asset in Midland for $1.375 million, with the proceeds used to reduce debt. Overall, the Group maintained its focus on advancing its key development projects and generating rental income from its investment properties.

The Group will continue to progress its development pipeline, with a focus on the Verse on McCabe project in North Fremantle. The company is also exploring development opportunities for its East Perth landholding near Optus Stadium. Mustera remains committed to delivering value for shareholders through the successful execution of its development strategy.