Eildon Capital Faces Loan Repayment Delay and Market Headwinds in FY25.

Eildon Capital Group (ASX: EDC) has provided an update regarding its mezzanine loan facility for the Kings-Newport Village project. Initially due for repayment on 31 March 2025, the loan was extended to 30 September 2025 with a 16.5% monthly compounding interest rate and a required AU$1.5 million repayment by 30 June 2025. However, the borrower has failed to meet this repayment and has indicated no capacity to do so in the near term. As of 30 June 2025, the outstanding balance stands at AU$12.4 million. The Board is currently evaluating available options for the investment.

Additionally, EDC noted that its loan exposure in the Melbourne property market has been affected by slower-than-expected sales activity. As a result, the Group expects to make provisions against these loans in its FY25 financials, though the exact amount remains undetermined. Further updates will be shared as decisions are finalized.

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