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Why Is MPower Selling Its Core Assets for $19 Million Amid a $4.1M Loss?

4:29am on Saturday 30th of August, 2025 AEST Energy
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Why Is MPower Selling Its Core Assets for $19 Million Amid a $4.1M Loss?

4:29am on Saturday 30th of August, 2025 AEST
Key Points
  • Binding sale agreement with Wollemi Energy Group for $19 million
  • Main assets classified as held for sale, including Lakeland Solar & Storage Project
  • Net loss of $4.105 million for FY2025, driven by discontinued operations
  • Continuing operations show no revenue and $0.3 million in corporate costs
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