Kadestone Capital reports $6.19M net loss in 2025 amid higher expenses and closes $1.98M private placement.

Kadestone Capital Corp. reported a net loss of $6.19 million for the year ended December 31, 2025, up from a $5.36 million loss in 2024, mainly due to increased operating expenses such as salaries, consulting fees, and interest. The company also recognized a loss from associates but offset some losses with income from a mortgage fund. Net cash used in operations decreased slightly due to lower interest expenses. Additionally, Kadestone closed its non-brokered private placement, raising $1.98 million through secured convertible notes and issuing warrants. The company corrected prior period accounting errors, restating 2024 financials. Kadestone continues to focus on its integrated property business across development, construction, and materials supply in Canada.