Kadestone Capital Corp. (OTCQB: KDCCF) reported its Q1 2025 financial results, showing a net loss of $858,756 ($0.02 per share), compared to a loss of $1,103,796 ($0.02 per share) in Q1 2024. While the company reduced its overall loss, operational costs remained significant with key expenses including salaries ($460,155), consulting fees ($458,083), and interest ($257,354). The company saw some positive income streams from associates ($423,704) and mortgage fund investments ($115,146). However, net cash used in operations increased to $1,700,161, up from $966,500 in the previous year, indicating higher operational spending.
Kadestone Capital Corp. (OTCQB: KDCCF) ha comunicato i risultati finanziari del primo trimestre 2025, registrando una perdita netta di 858.756 $ (0,02 $ per azione), rispetto a una perdita di 1.103.796 $ (0,02 $ per azione) nel primo trimestre 2024. Sebbene la società abbia ridotto la perdita complessiva, i costi operativi sono rimasti elevati, con spese principali tra cui salari (460.155 $), consulenze (458.083 $) e interessi (257.354 $). L'azienda ha ottenuto alcuni ricavi positivi da associati (423.704 $) e investimenti in fondi ipotecari (115.146 $). Tuttavia, il flusso di cassa netto utilizzato nelle operazioni è aumentato a 1.700.161 $, rispetto ai 966.500 $ dell'anno precedente, indicando una maggiore spesa operativa.
Kadestone Capital Corp. (OTCQB: KDCCF) informó sus resultados financieros del primer trimestre de 2025, mostrando una pérdida neta de 858,756 $ (0,02 $ por acción), en comparación con una pérdida de 1,103,796 $ (0,02 $ por acción) en el primer trimestre de 2024. Aunque la compañía redujo su pérdida total, los costos operativos siguieron siendo significativos, con gastos clave como salarios (460,155 $), honorarios de consultoría (458,083 $) e intereses (257,354 $). La empresa obtuvo algunos ingresos positivos de asociados (423,704 $) e inversiones en fondos hipotecarios (115,146 $). Sin embargo, el efectivo neto utilizado en operaciones aumentó a 1,700,161 $, frente a 966,500 $ del año anterior, lo que indica un mayor gasto operativo.
Kadestone Capital Corp. (OTCQB: KDCCF)는 2025년 1분기 재무 결과를 발표하며 순손실이 858,756달러(주당 0.02달러)로, 2024년 1분기 순손실 1,103,796달러(주당 0.02달러) 대비 감소했다고 밝혔습니다. 회사는 전체 손실을 줄였지만, 운영 비용은 여전히 상당했으며 주요 지출 항목으로는 급여(460,155달러), 컨설팅 비용(458,083달러), 이자(257,354달러)가 포함되었습니다. 또한, 회사는 관계사 수익(423,704달러)과 모기지 펀드 투자 수익(115,146달러)에서 일부 긍정적인 수입을 얻었습니다. 그러나 순영업활동 현금 사용액은 전년도의 966,500달러에서 1,700,161달러로 증가해 운영 지출이 늘어난 것을 나타냈습니다.
Kadestone Capital Corp. (OTCQB : KDCCF) a publié ses résultats financiers du premier trimestre 2025, affichant une perte nette de 858 756 $ (0,02 $ par action), contre une perte de 1 103 796 $ (0,02 $ par action) au premier trimestre 2024. Bien que la société ait réduit sa perte globale, les coûts opérationnels sont restés importants, avec des dépenses clés comprenant les salaires (460 155 $), les frais de conseil (458 083 $) et les intérêts (257 354 $). L'entreprise a bénéficié de revenus positifs provenant des associés (423 704 $) et des investissements dans des fonds hypothécaires (115 146 $). Cependant, la trésorerie nette utilisée dans les opérations a augmenté à 1 700 161 $, contre 966 500 $ l'année précédente, indiquant une hausse des dépenses opérationnelles.
Kadestone Capital Corp. (OTCQB: KDCCF) meldete seine Finanzergebnisse für das erste Quartal 2025 mit einem Nettoverlust von 858.756 $ (0,02 $ pro Aktie), verglichen mit einem Verlust von 1.103.796 $ (0,02 $ pro Aktie) im ersten Quartal 2024. Obwohl das Unternehmen den Gesamtverlust reduzierte, blieben die Betriebskosten erheblich, mit wichtigen Ausgaben wie Gehältern (460.155 $), Beratungsgebühren (458.083 $) und Zinsen (257.354 $). Das Unternehmen verzeichnete einige positive Einnahmen aus Beteiligungen (423.704 $) und Investitionen in Hypothekenfonds (115.146 $). Der Netto-Cashflow aus der Geschäftstätigkeit stieg jedoch auf 1.700.161 $, gegenüber 966.500 $ im Vorjahr, was auf höhere operative Ausgaben hinweist.
Positive
Reduced net loss by approximately 22% year-over-year
Generated income from associates of $423,704
Additional income from mortgage fund investment of $115,146
Negative
Continued net loss of $858,756 in Q1 2025
Significant increase in cash used for operations, up 76% to $1,700,161
High operational expenses including salaries and consulting fees totaling over $918,000
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) ("Kadestone" or the "Company"), a vertically integrated property company today announced its financial results for the three months ended March 31, 2025.
Financial Results
For the three months ended March 31, 2025, the Company reported a net loss of $858,756, or $0.02 per share, compared to a net loss of $1,103,796, or $0.02 per share, for the same period in the prior year. The decreased loss was primarily driven by operating expenses including salaries and wages of $460,155, consulting fees of $458,083 and interest expense of $257,354. These expenses were partially offset by income from associates totaling $423,704 and income from an investment in a mortgage fund amounting to $115,146.
Net cash used in operating activities also increased, rising to $1,700,161 for the three months ended March 31, 2025, compared to $966,500 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 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, 2024, and 2023.
About Attollo Management Inc.
Attollo Management Inc. is a private real estate development and management firm founded by David Negrin. The company specializes in urban redevelopment projects and is committed to building strong partnerships with Indigenous communities to deliver sustainable, community-driven developments.
About Kadestone
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. Additional information can be found at www.kadestone.com.
For further information please contact David Negus, CFO, Kadestone Capital Corp., dnegus@kadestone.com, 604 671-8142
ON BEHALF OF THE BOARD
(signed) "Brent Billey"
President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information in this press release, including, but not limited to, the Company's ability to identify opportunities and secure additional investments in 2025 and the Company's vision to become a leading vertically integrated property company, may constitute forward looking information (collectively, "forward-looking statements"), which can be identified by the use of terms such as "may," "will," "should," "expect," "anticipate," "project," "estimate," "intend," "continue" or "believe" (or the negatives) or other similar variations. Because of various risks and uncertainties, including those referenced below, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. As a result, you should not rely on such forward-looking statements. Additional information identifying assumptions, risks and uncertainties relating to Kadestone is contained in Kadestone's filings with the Canadian securities regulators available at www.sedarplus.ca. These risks include those described in the "Risk Factors" section of the Company's final prospectus dated September 2, 2020, and in the Management's Discussion and Analysis for the years ended December 31, 2024 and 2023. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Kadestone Capital Corp. reported a net loss of $858,756, or $0.02 per share, in Q1 2025.
How did Kadestone's Q1 2025 results compare to Q1 2024?
The company's net loss improved from $1,103,796 in Q1 2024 to $858,756 in Q1 2025, though cash used in operations increased from $966,500 to $1,700,161.
What were the main expenses for KDCCF in Q1 2025?
The main expenses were salaries and wages ($460,155), consulting fees ($458,083), and interest expense ($257,354).
What were Kadestone's main sources of income in Q1 2025?
The company's main income sources were income from associates ($423,704) and income from an investment in a mortgage fund ($115,146).
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