Kadestone loses $2.48-million in six months to June 30

Executive Summary

• Kadestone Capital Corp. reported its financial results for the six months ended June 30, 2025, showing an increased net loss compared to the prior year period.
• The company reported a net loss of $2,485,124 (five cents per share), up from a net loss of $1,703,048 (four cents per share) in the same period of the previous year.
• The increase in losses was primarily attributed to higher operating expenses, including consulting fees, salaries, and interest, partially offset by income from associates and a mortgage fund investment.

Key Details

• Net Loss (Six Months Ended June 30, 2025): $2,485,124, or five cents per share.
• Net Loss (Six Months Ended June 30, 2024): $1,703,048, or four cents per share.
• Primary Expense Drivers:
  • Consulting fees: $973,393
  • Salaries and wages: $909,080
  • Interest expense: $517,310
• Offsetting Income:
  • Income from associates: $541,275
  • Income from investment in a mortgage fund: $199,484
• Net Cash Used in Operating Activities:
  • Six months ended June 30, 2025: $2,733,134
  • Six months ended June 30, 2024: $1,767,546
• Accounting Standards: Unaudited financial information prepared in accordance with IFRS, expressed in Canadian dollars.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.