- Kadestone Capital Corp. (KDCCF, Financial) reported a reduced net loss of $858,756 in Q1 2025 compared to $1,103,796 in Q1 2024.
- The company experienced an increase in operational cash usage, up 76% to $1,700,161.
- Main operational expenses continued to be significant, including salaries, consulting fees, and interest expenses.
Kadestone Capital Corp. (OTCQB: KDCCF), a vertically integrated property company, has announced its financial results for the first quarter of 2025. The report discloses a net loss of $858,756, or $0.02 per share, marking an improvement from the $1,103,796 loss, or $0.02 per share, recorded in the corresponding quarter of 2024. Despite the reduced loss, operational expenditures remained substantial with key outlays on salaries ($460,155), consulting fees ($458,083), and interest expenses ($257,354).
On the income side, Kadestone benefited from revenue streams including $423,704 from associates and $115,146 from investments in a mortgage fund. However, the financial period saw a significant rise in net cash used for operations, which escalated to $1,700,161 from $966,500 in the previous year, reflecting increased operational spending.
Kadestone Capital Corp. is engaged in the investment, acquisition, development, and management of residential and commercial properties in major urban centers and emerging markets across Canada. The company’s strategic focus encompasses building materials procurement and supply, property development and construction, construction finance, asset ownership, and property management, aiming to solidify its position as a leading market player.
