Kadestone Capital Corp. Reports Q2 2025 Financial Results

Core Viewpoint - Kadestone Capital Corp. reported a net loss of CAD 2,485,124 for the first half of 2025, reflecting an increase in losses compared to the same period in the previous year, primarily due to higher operating expenses [2][3]. Financial Results - The net loss for the six months ended June 30, 2025, was CAD 2,485,124, or CAD 0.05 per share, compared to a net loss of CAD 1,703,048, or CAD 0.04 per share, for the same period in 2024 [2]. - Major contributors to the increased loss included consulting fees of CAD 973,393, salaries and wages of CAD 909,080, and interest expense of CAD 517,310 [2]. - Income from associates totaled CAD 541,275, and income from an investment in a mortgage fund amounted to CAD 199,484, which partially offset the losses [2]. - Net cash used in operating activities rose to CAD 2,733,134 for the six months ended June 30, 2025, compared to CAD 1,767,546 in the prior year, indicating a higher level of operational spending [3]. Company Overview - Kadestone Capital Corp. is a vertically integrated property company focused on the investment, acquisition, development, and management of residential and commercial income-producing properties, as well as the procurement and sale of building materials [5]. - The company operates five complementary business lines, including building materials procurement and supply, property development and construction, construction finance, asset ownership, and property management, aiming to become a market-leading vertically integrated property company [5].