Mustera Property Group Limited

Market Data

Latest Earnings

Appendix 4D and FY26 Interim Financial Report

27 February 2026

Mustera Property Group reported HY26 revenue of $7.3M (up 45% YoY) from apartment sales at Forbes Residences, but recorded a loss of $0.72M (improved 61% from prior year loss of $1.87M) due to project costs and inventory write-downs. The company is progressing its flagship Verse on McCabe residential development in North Fremantle with $15.05M in contracted sales, targeting construction commencement in Q2 2026, while maintaining rental income from investment properties. Key points: Revenue increased 45% YoY to $7.3M driven by apartment sales from completed Forbes Residences project; Net loss improved significantly by 61% from prior year ($0.72M vs $1.87M loss), demonstrating improved underlying operational performance; Verse on McCabe flagship development has $15.05M in contracted sales and is on track to commence construction in Q2 2026