ADF Group Income Statement

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
Revenue	257.34	339.63	331.02	250.89	280.74	172.59
Revenue Growth (YoY)	-26.61%	2.60%	31.94%	-10.63%	62.66%	-3.96%
Cost of Revenue	190.5	232.39	258.1	215.32	257.65	146.39
Gross Profit	66.84	107.24	72.92	35.57	23.09	26.21
Selling, General & Admin	20.21	20.8	21.51	13.58	12.77	13.58
Amortization of Goodwill & Intangibles	0.55	0.42	0.36	0.3	0.39	0.34
Operating Expenses	21.65	22.11	22.78	14.77	14.09	14.78
Operating Income	45.2	85.13	50.14	20.8	9.01	11.43
Interest Expense	-2.83	-3.32	-3.61	-1.98	-1.06	-1.52
Interest & Investment Income	2.59	2.59	1.36	-	-	-
Currency Exchange Gain (Loss)	-2.89	-5.61	-1.16	-1.94	-0.47	-0.74
Other Non Operating Income (Expenses)	-0.39	-0.39	-0.32	-0.02	-0.12	-0.14
EBT Excluding Unusual Items	41.68	78.41	46.41	16.85	7.36	9.02
Gain (Loss) on Sale of Assets	-	-	-	-	2.1	-
Other Unusual Items	-	-	-	-	1.6	-
Pretax Income	40.3	78.41	46.41	16.85	11.06	9.02
Income Tax Expense	11.26	21.62	8.78	1.92	1.5	2.15
Net Income	29.05	56.79	37.62	14.94	9.56	6.87
Net Income to Common	29.05	56.79	37.62	14.94	9.56	6.87
Net Income Growth	-50.10%	50.95%	151.91%	56.17%	39.26%	-
Shares Outstanding (Basic)	29	31	33	33	33	33
Shares Outstanding (Diluted)	29	31	33	33	33	33
Shares Change (YoY)	-9.06%	-5.48%	-	0.01%	-	-
EPS (Basic)	1.01	1.84	1.15	0.46	0.29	0.21
EPS (Diluted)	1.01	1.84	1.15	0.46	0.29	0.21
EPS Growth	-45.13%	59.70%	151.91%	56.15%	39.26%	-
Free Cash Flow	7.95	46.77	72.09	-14.08	-18.81	27.38
Free Cash Flow Per Share	0.28	1.52	2.21	-0.43	-0.58	0.84
Dividend Per Share	0.040	0.030	0.020	0.020	0.020	0.020
Dividend Growth	33.33%	50.00%	-	-	-	-
Gross Margin	25.97%	31.58%	22.03%	14.18%	8.23%	15.18%
Operating Margin	17.56%	25.06%	15.15%	8.29%	3.21%	6.62%
Profit Margin	11.29%	16.72%	11.37%	5.95%	3.41%	3.98%
Free Cash Flow Margin	3.09%	13.77%	21.78%	-5.61%	-6.70%	15.87%
EBITDA	50.94	90.54	55.19	25.28	13.05	15.34
EBITDA Margin	19.80%	26.66%	16.67%	10.08%	4.65%	8.89%
D&A For EBITDA	5.75	5.42	5.05	4.49	4.04	3.91
EBIT	45.2	85.13	50.14	20.8	9.01	11.43
EBIT Margin	17.56%	25.06%	15.15%	8.29%	3.21%	6.62%
Effective Tax Rate	27.93%	27.57%	18.93%	11.39%	13.53%	23.86%

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.