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	85.91	83.91	77.84	90.92	40.42	61.02
Total Trade Receivables	85.91	83.91	77.84	90.92	40.42	61.02
Inventory	19.22	13.49	13.53	10.68	9.69	6.96
Other Current Assets	43.4	32.18	51.82	45.59	33.86	14.81
Total Current Assets	181.23	189.56	215.58	154.38	91.1	100.6
Net 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
Goodwill	0.25	-	-	-	-	-
Other Long-Term Assets	0.14	-	1.32	1.37	1.38	1.39
Total Assets	317.65	307.9	328.61	271.62	201.05	189.95
Accounts Payable	57.26	50.24	55.44	39.99	34.42	34.56
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
Unearned Revenue	16.98	11.48	46.17	44.53	13.77	23.28
Other Current Liabilities	0.41	13.65	-	1.2	-	1.16
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
Other Long-Term Liabilities	19.08	17.58	16.02	9.4	7.74	5.8
Total Long-Term Liabilities	56.63	58.22	61	57.85	40.21	28.34
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
Accumulated Other Comprehensive Income	12.42	15.54	8.28	8.11	5.86	5.89
Retained Earnings	99.97	85.84	79.29	42.32	28.03	19.12
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
Book Value	181.19	169.31	162.13	124.99	108.45	99.57
Book Value Per Share	6.27	5.49	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	6.02	5.35	4.85	3.72	3.22	2.95

Updated Oct 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.