ADF GROUP INC. ANNOUNCES A SERIES OF NEW CONTRACTS IN QUEBEC AND IN THE UNITED STATES TOTALLING $140.0 MILLION

Executive Summary

• ADF Group Inc. announced the signing of new fabrication and installation contracts in Quebec, Ontario, and U.S. West Coast states valued at C$140 million.
• The contracts will be executed at ADF’s plants in Terrebonne (QC), Great Falls (MT) and Groupe LAR’s facility in Métabetchouan (QC), with work commencing in June 2026 and running through the end of 2027.
• Including these new orders, ADF’s order backlog now exceeds C$497 million (as of October 31 2025, prior to the announced contracts).

Key Details

• Total contract value: C$140 million (Canadian dollars).
• Geographic scope: Projects in Quebec and Ontario (Canada) and West Coast states (U.S.).
• Sector focus: Public transportation infrastructure, commercial/industrial/manufacturing facilities, and hydroelectric projects in Quebec.
• Execution sites:
• ADF plant – Terrebonne, QC
• ADF plant – Great Falls, MT (USA)
• Groupe LAR plant – Métabetchouan, QC (acquired Sep 2025).
• Project timeline: Fabrication to begin June 2026; majority of work expected to continue until end‑2027.
• Order backlog impact: Existing backlog stood at C$497.1 million as of 31 Oct 2025, not including the newly announced contracts.
• Strategic significance: Enhances ADF’s order book and demonstrates continued demand for its steel superstructure expertise across North America.

Notable Quotes

• “The current fiscal year is off to a good start with the addition of these new contracts… Groupe LAR is already contributing significantly to the growth of the Corporation's order backlog.” – Jean Paschini, Chairman & CEO, ADF Group Inc.