ADF Group Income Statement

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

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	258.74	339.63	331.02	250.89	280.74
Revenue Growth (YoY)	-23.82%	2.60%	31.94%	-10.63%	62.66%
Cost of Revenue	198.96	232.39	258.1	215.32	256.05
Gross Profit	59.77	107.24	72.92	35.57	24.69
Selling, General & Admin	23.19	22.11	22.78	14.77	11.99
Other Operating Expenses	-0.04	5.61	1.16	1.94	0.47
Total Operating Expenses	23.15	27.72	23.94	16.72	12.46
Operating Income	36.62	79.52	48.98	18.85	12.23
Interest Expense	-0.83	-1.12	-2.57	-2	-1.17
Total Non-Operating Income (Expense)	-0.83	-1.12	-2.57	-2	-1.17
Pretax Income	35.79	78.41	46.41	16.85	11.06
Provision for Income Taxes	9.48	21.62	8.78	1.92	1.5
Net Income	26.31	56.79	37.62	14.94	9.56
Net Income to Common	26.31	56.79	37.62	14.94	9.56
Net Income Growth	-53.67%	50.95%	151.91%	56.17%	39.26%
Shares Outstanding (Basic)	28	31	33	33	33
Shares Outstanding (Diluted)	28	31	33	33	33
Shares Change (YoY)	-7.86%	-5.48%	-	0.01%	-
EPS (Basic)	0.93	1.84	1.15	0.46	0.29
EPS (Diluted)	0.93	1.84	1.15	0.46	0.29
EPS Growth	-49.46%	60.00%	150.00%	58.62%	38.09%
Shares Outstanding	28.55	29.15	32.64	32.64	32.64
Free Cash Flow	42.02	46.77	72.09	-14.08	-18.81
Free Cash Flow Growth	-10.17%	-35.12%	-	-	-
Free Cash Flow Per Share	1.48	1.52	2.21	-0.43	-0.58
Dividends Per Share	0.040	0.030	0.020	0.020	0.020
Dividend Growth	33.33%	50.00%	-	-	-
Gross Margin	23.10%	31.58%	22.03%	14.18%	8.80%
Operating Margin	14.15%	23.41%	14.80%	7.51%	4.36%
Profit Margin	10.17%	16.72%	11.37%	5.95%	3.41%
FCF Margin	16.24%	13.77%	21.78%	-5.61%	-6.70%
EBITDA	43.54	85.68	54.78	24.18	17.29
EBITDA Margin	16.83%	25.23%	16.55%	9.64%	6.16%
EBIT	36.62	79.52	48.98	18.85	12.23
EBIT Margin	14.15%	23.41%	14.80%	7.51%	4.36%
Effective Tax Rate	26.49%	27.57%	18.93%	11.39%	13.53%