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Axiom Properties Ltd ( (AU:AXI) ) has provided an announcement.
Axiom Properties Ltd reported a decrease in cash reserves by $200,000 for the March 2025 quarter, holding $1,658,000 as of March 31. The company highlighted the strong performance of its PaySure business, which exceeded budget expectations and introduced a new bridging loan product. Axiom also secured a $30 million wholesale debt facility to support PaySure’s growth. In its property development division, Axiom’s Glenlea Estate project reached a maturity stage, generating $1.1 million in development fees and proceeds, with further gains expected. The company is set to receive $7.6 million from the divestment of development land, half of which will go to Axiom. These developments are part of Axiom’s strategy to build a sustainable income stream and manage future capital requirements effectively.
More about Axiom Properties Ltd
Axiom Properties Ltd is a property development and investment business focused on delivering quality property and technology solutions. The company aims to create long-term value for shareholders by consistently achieving above industry returns on capital through its property development and technology investments.
YTD Price Performance: -2.50%
Average Trading Volume: 405,773
Technical Sentiment Signal: Hold
Current Market Cap: A$16.88M
See more data about AXI stock on TipRanks’ Stock Analysis page.