Kadestone Capital Corp. Reports Q3 2025 Financial Results

Core Viewpoint - Kadestone Capital Corp. reported a net loss of CAD 3.61 million for the nine months ended September 30, 2025, reflecting an increase in operational expenses compared to the previous year [2]. Financial Results - The net loss for the nine months ended September 30, 2025, was CAD 3,608,106, or CAD 0.08 per share, compared to a net loss of CAD 2,761,871, or CAD 0.06 per share, for the same period in the prior year [2]. - Major contributors to the increased loss included operating expenses such as salaries and wages (CAD 1,396,715), consulting fees (CAD 1,303,693), and interest expense (CAD 765,662) [2]. - Income from associates totaled CAD 729,271, and income from an investment in a mortgage fund amounted to CAD 199,484, which partially offset the losses [2]. Cash Flow - Net cash used in operating activities rose to CAD 3,789,439 for the nine months ended September 30, 2025, compared to CAD 2,606,385 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, property development, construction finance, asset ownership, and property management, aiming to become a market leader in the property sector [5].