Quarterly Net Asset Value Update

Macau Property Opportunities Fund

19 December 2025

 

19 December 2025

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

Quarterly Net Asset Value Update

Macau Property Opportunities Fund Limited, managed by property investment manager Sniper Capital Limited, announces that the unaudited Adjusted Net Asset Value of the Company was US$32.7 million as at 30 September 2025.

This is equivalent to US $0.53 (39 pence*) per share and represents a decline of 13.2% (11.3% in Sterling terms) from the previous quarter.

* Based on the US Dollar/Sterling exchange rate of 1.342 on 30 September 2025. The US Dollar/Sterling exchange rate was 1.372 as at 30 June 2025.

The regional real estate sector remains weak, with valuations continuing to decline albeit at a slower rate. The Company continues to achieve sales in the execution of its divestment strategy, however cash flow remains restricted, requiring disciplined expenditure management and prioritization of essential commitments.

The Company is in ongoing discussions with its lenders regarding the Penha Heights facilities, where potential lender enforcement could result in expedited sales of the two units at reduced prices. In such circumstances, valuations would likely be under further pressure. As disclosed in recent announcements, the Company is actively seeking to divest of Penha Heights, however there is no certainty that proceeds from an accelerated sale would equal or exceed the outstanding loan balance. This may lead to a series of events, including but not limited to the inability to repay secured loans, the forced disposal of other properties on a distressed basis under the Company's guarantee provisions, and restrictions on any distribution of returns to Shareholders.

Note:

1.    The above figures are estimates only and are unaudited and derived from independently assessed valuations. No reliance should be placed upon the unaudited Adjusted Net Asset Value per share, which should only be taken as an indicative value.

2.    Detailed information on the Company's portfolio and Macau market can be found on the Company's website at www.mpofund.com.

3.    The content of this announcement contains inside information.

About Macau Property Opportunities Fund

Premium listed on the London Stock Exchange, Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey and is the only quoted property fund dedicated to investing in Macau, the world's leading gaming market and the only city in China where gaming is legalised.

Launched in 2006, the Company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises prime residential property assets.

The Company is managed by Sniper Capital Limited, an Asia-based property investment manager with an established track record in fund management and investment advisory.

Stock Code

London Stock Exchange: MPO

LEI

213800NOAO11OWIMLR72 

For further information:

Manager

Sniper Capital Limited

Group Communications

Tel: [phone]

Email: [e-mail]

Corporate Broker

Panmure Liberum

Darren Vickers

Tel: [phone]

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: [phone]

 

END