Kadestone Capital Corp. Reports Q3 2025 Financial Results

Executive Summary

• Kadestone Capital Corp. reported a nine‑month net loss of $3.61 M ($0.08 per share), widening from $2.76 M ($0.06) year‑over‑year.
• The higher loss was driven primarily by increased operating expenses: salaries & wages $1.40 M, consulting fees $1.30 M, and interest expense $0.77 M.
• Net cash used in operating activities rose to $3.79 M for the period, up from $2.61 M a year earlier.

Key Details

• Net Loss: $3,608,106 (‑$0.08 per share) vs. $2,761,871 (‑$0.06 per share) in the prior year.
• Operating Expenses Increases:
• Salaries and wages: $1,396,715
• Consulting fees: $1,303,693
• Interest expense: $765,662
• Offsetting Income:
• Income from associates: $729,271
• Investment in mortgage fund income: $199,484
• Cash Flow Impact: Net cash used in operating activities = $3,789,439 (up from $2,606,385 YoY).
• Financial Reporting Basis: Unaudited figures presented in Canadian dollars, prepared under IFRS per notes 2 & 3 of audited FY‑2024/2023 statements.

Notable Quotes

(No direct quotes were provided in the release.)