ADF GROUP ANNOUNCES THE SIGNING OF A SERIES OF NEW CONTRACTS IN THE UNITED STATES WORTH $127 MILLION

Executive Summary

• ADF Group Inc. announced the signing of a series of new contracts in the United States valued at $127 million for the fabrication of steel structures and heavy steel components.
• The company reported a total of over $280 million in new contracts signed in Canada and the United States since the beginning of the current fiscal year.
• The Corporation's order backlog stood at $645.8 million as of April 30, 2026, excluding the newly announced projects.

Key Details

• New Contract Value: $127 million CAD in new contracts signed in the United States.
• Project Scope: Fabrication of various steel structures and heavy steel components.
• Specific Projects:
  • Largest contract: Fabrication of the steel structure for a new large surface building in the Midwest region.
  • Infrastructure rehabilitation: Fabrication of steel structures and heavy steel components for an iconic transportation infrastructure project in a major metropolis in the Great Lakes region.
  • Contract modifications: Changes to a major contract announced in recent months.
• Production Locations: Projects will be completed at ADF's plants in Terrebonne, Quebec, and Great Falls, Montana.
• Completion Timeline: All new contracts are scheduled to be completed by the end of 2028.
• Fiscal Year Performance: Over $280 million in new contracts signed in Canada and the US since the start of the current fiscal year.
• Order Backlog: $645.8 million CAD as at April 30, 2026 (excluding the new projects announced in this release).

Notable Quotes

• "In total, we have signed over $280 million in new contracts in Canada and the United States since the beginning of the current fiscal year. The various factors and challenges we have to face bring us to innovate, to invest, to be more efficient. Our ambitious strategy of targeted investments to ensure sustained growth, the geographic and sectoral diversification, and the expertise of our talents in Canada and the U.S. continue to bear fruit. Every action we take allows us to stay well positioned to compete effectively in each of our markets" — Jean Paschini, Chairman of the Board of Directors and Chief Executive Officer.