Mr. Brent Billey reports

KADESTONE CAPITAL CORP. REPORTS Q3 2025 FINANCIAL RESULTS

Kadestone Capital Corp. today released its financial results for the nine months ended Sept. 30, 2025.

Financial results

For the nine months ended Sept. 30, 2025, the company reported a net loss of $3,608,106, or eight cents per share, compared with a net loss of $2,761,871, or $0.06 per share, for the same period in the prior year. The increased loss was primarily driven by operating expenses including salaries and wages of $1,396,715, consulting fees of $1,303,693, and interest expense of $765,662. These expenses were partially offset by income from associates totaling $729,271 and income from an investment in a mortgage fund amounting to $199,484.

Net cash used in operating activities also increased, rising to $3,789,439 for the nine months ended Sept. 30, 2025, compared with $2,606,385 in the prior year, reflecting the higher level of operational spending during the period.

The above unaudited financial information, including comparative information, is expressed in Canadian dollars and has been prepared in accordance with IFRS (international financial reporting standards) 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 Dec. 31, 2024, and 2023.

About Kadestone Capital Corp.

Kadestone was established to pursue the investment in, acquisition, development, and management of residential and commercial income-producing properties, and procurement and sale of building materials within major urban centres and high-growth, emerging markets in Canada. The company operates five complimentary business lines spanning building materials procurement and supply, property development and construction, construction finance, asset ownership, and property management. These synergistic business lines have solidified Kadestone's vision to become a market-leading vertically integrated property company.

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