Business
Kadestone Capital Corp. Reports Q4 and Full Year 2025 Financial Results
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouv...
About this update from Kadestone Capital Corp.
[{"type":"text","content":"Kadestone Capital Corp. Reports Q4 and Full Year 2025 Financial ResultsNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Kadestone Capital Corp. (TSXV: KDSX) (\"Kadestone\" or the \"Company\"), a vertically integrated property company today announced its financial results for the year ended December 31, 2025. Financial Results For the year ended December 31, 2025, the Company reported a net loss of $6,186,532, or $0.13 per share, compared to a net loss of $5,356,082(1), or $0.11(1) per share, for the same period in the prior year. The increased loss was primarily due to higher operating expenses, including salaries and wages of $1,908,312, consulting fees of $1,482,130, interest expense of $1,034,333, and professional fees of $592,718. In addition, the Company recognized a loss from associates of $442,291, representing the net result of revenues less interest and operating costs while the properties are held for sale. This was partially offset by income of $237,312 from the Company's investment in a mortgage fund.Net cash used in operating activities also decreased to $4,707,510 for the year ended December 31, 2025, compared to $5,010,386(1) in the prior year due to lower interest expense.The above audited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with IFRS Accounting Standards, using the accounting policies and methods of application as described in notes 2 and 3 of the Company's audited consolidated financial statements for the years ended December 31, 2025, and 2024. Private PlacementThe Company also announces that further to its news release on February 25, 2026, wherein the Company announced a non-brokered private placement (the \"Private Placement\"), and its subsequent news releases on March 11, 2026 and April 13, 2026, announcing the closing of the first and second tranches of the Private Placement, the Private Placement is now closed and no further tranches will be issued under this financing. Pursuant to the Private Placement, the Company issued six secured convertible notes in the aggregate principal amount of $1.98 million and 3,960,000 common share purchase warrants. About KadestoneKadestone was established to pursue the inv...