ADF GROUP INC. ANNOUNCES THE RESULTS OF THE FIRST QUARTER ENDED APRIL 30, 2026

HIGHLIGHTS (All amounts are in Canadian dollars unless otherwise indicated) Revenues of $99.3 million for the 3-month period ended April 30, 2026, up by 78.8% compared with the same 3-month period a year ago. Gross margin, as a percentage of revenue (1) of 24.2% recorded during the 3-month period ended April 30, 2026. Cash flows from operations of $10.1 million for the 3-month period ended April 30, 2026. Net income of $12.0 million or $0.42 per share recorded during the 3-month period ended April 30, 2026, compared with $8.7 million or $0.30 per share for the same quarter ended April 30, 2025. All-time high order Backlog (1) of $645.8 million as at April 30, 2026, of which 72% is Canadian, and includes $266.5 million from Groupe LAR Inc. TERREBONNE, QC , June 9, 2026 /CNW/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures, recorded revenues of $99.3 million during the first quarter ended April 30, 2026, compared with $55.5 million for the same period a year ago. Gross margin, as a percentage of revenues (1) went from 22.0% for the 3-month period ended April 30, 2025, to 24.2% for the same period ended April 30, 2026. Revenues in the first quarter ended a year ago on April 30, 2025, were negatively impacted by uncertainty related to new U.S. tariffs. Although this situation persists, the recently signed contracts have a positive impact on revenues in the current quarter. In addition, the increase in margins, in dollar terms and as a percentage of revenues, is explained by the increase in revenues, which improves the absorption of fixed costs, despite the increase in inputs, including the price of steel and recent changes in tariffs. Adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) (2) for the 3-month period ended April 30, 2026, stood at $18.5 million