ADF Group Balance Sheet

Financials in millions CAD. Fiscal year is February - January.

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Cash & Equivalents	32.71	59.98	72.38	7.19	7.13	17.81
Cash & Short-Term Investments	32.71	59.98	72.38	7.19	7.13	17.81
Cash Growth	-50.05%	-17.13%	906.24%	0.88%	-59.96%	347.05%
Accounts Receivable	117.25	110.4	122.71	133.46	70.42	69.81
Other Receivables	5.14	2.42	3.23	0.71	1.55	0.83
Receivables	122.39	112.82	125.93	134.18	71.97	70.64
Inventory	19.22	13.49	13.53	10.68	9.69	6.96
Prepaid Expenses	6.92	3.27	3.4	2.25	2.31	4.67
Other Current Assets	-	-	0.33	0.08	0	0.52
Total Current Assets	181.23	189.56	215.58	154.38	91.1	100.6
Property, Plant & Equipment	129.11	114.01	107.79	112.23	105.22	84.7
Other Intangible Assets	6.92	4.33	3.93	3.64	3.36	3.27
Long-Term Deferred Tax Assets	-	-	0.27	-	-	-
Other Long-Term Assets	0.14	-	1.05	1.37	1.38	1.39
Total Assets	317.65	307.9	328.61	271.62	201.05	189.95
Accounts Payable	57.26	20.97	24.44	18.81	14.77	12.12
Accrued Expenses	-	29.27	31	21.18	19.65	22.44
Current Portion of Long-Term Debt	4.29	4.18	3.04	2.26	3.36	1.9
Current Portion of Leases	0.9	0.82	0.83	0.81	0.84	1.14
Current Income Taxes Payable	-	6.45	-	0.24	-	1.16
Current Unearned Revenue	16.98	11.48	46.17	44.53	13.77	23.28
Other Current Liabilities	0.41	7.2	-	0.96	-	-
Total Current Liabilities	79.83	80.37	105.48	88.78	52.39	62.05
Long-Term Debt	35.22	38.21	42.14	44.93	28.7	18.37
Long-Term Leases	2.33	2.42	2.84	3.53	3.77	4.17
Long-Term Deferred Tax Liabilities	18.95	17.45	15.88	9.24	7.57	5.63
Other Long-Term Liabilities	0.13	0.14	0.15	0.16	0.17	0.18
Total Liabilities	136.46	138.59	166.48	146.63	92.6	90.39
Common Stock	62.85	61.75	68.13	68.13	68.12	68.12
Additional Paid-In Capital	5.96	6.18	6.44	6.44	6.44	6.44
Retained Earnings	99.97	85.84	79.29	42.32	28.03	19.12
Comprehensive Income & Other	12.42	15.54	8.28	8.11	5.86	5.89
Shareholders' Equity	181.19	169.31	162.13	124.99	108.45	99.57
Total Liabilities & Equity	317.65	307.9	328.61	271.62	201.05	189.95
Total Debt	42.74	45.63	48.84	51.52	36.67	25.58
Net Cash (Debt)	-10.03	14.35	23.54	-44.33	-29.54	-7.78
Net Cash Growth	-	-39.01%	-	-	-	-
Net Cash Per Share	-0.35	0.47	0.72	-1.36	-0.91	-0.24
Filing Date Shares Outstanding	28.55	29.15	32.64	32.64	32.64	32.64
Total Common Shares Outstanding	28.55	29.15	32.64	32.64	32.64	32.64
Working Capital	101.39	109.19	110.1	65.6	38.71	38.55
Book Value Per Share	6.35	5.81	4.97	3.83	3.32	3.05
Tangible Book Value	174.02	164.98	158.21	121.35	105.09	96.3
Tangible Book Value Per Share	6.09	5.66	4.85	3.72	3.22	2.95
Land	-	6.35	6.2	6.19	5.69	5.7
Buildings	-	76.57	70.77	68.36	63.71	61.73
Machinery	-	73.39	68.48	70.97	66.35	49.81
Order Backlog	-	293.11	510.89	376.49	373.1	436.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.