Kadestone loses $3.6-million in nine months

Executive Summary

• Kadestone Capital Corp. reported its financial results for the nine months ended September 30, 2025, showing an increased net loss compared to the prior year period.
• The company reported a net loss of $3,608,106 (8 cents per share) for the nine-month period, up from a net loss of $2,761,871 (6 cents per share) in the same period of the previous year.
• The increase in losses was primarily attributed to higher operating expenses, including salaries, consulting fees, and interest, partially offset by income from associates and a mortgage fund investment.

Key Details

• Net Loss (9 months ended Sept 30, 2025): $3,608,106, or $0.08 per share.
• Net Loss (Prior Year, 9 months ended Sept 30, 2024): $2,761,871, or $0.06 per share.
• Primary Expense Drivers:
  • Salaries and wages: $1,396,715
  • Consulting fees: $1,303,693
  • Interest expense: $765,662
• Offsetting Income:
  • Income from associates: $729,271
  • Income from investment in a mortgage fund: $199,484
• Net Cash Used in Operating Activities:
  • 2025: $3,789,439
  • 2024: $2,606,385
• Accounting Standards: Unaudited financial information prepared in accordance with IFRS, expressed in Canadian dollars.