ADF Group (DRX) AGM 2025 Presentation summary

Meeting overview and agenda

• Annual general meeting held June 10, 2025, covering fiscal year ended January 31, 2025.

• Agenda included financial statements, management report, director elections, auditor appointment, and Q&A.

• Meeting location: Imperia Hotel & Suites, Terrebonne, Quebec.

Board of directors

• Board includes Jean Paschini (CEO), Pierre Paschini (President & COO), Marise Paschini (EVP), and other independent directors with expertise in finance, HR, law, and engineering.

Financial performance (fiscal 2025)

• Revenues reached $339.6M, up for a third consecutive year.

• Net income rose 51% to $56.8M; net income per share up for a fourth year to $1.84.

• Adjusted EBITDA of $91M, up for a sixth consecutive year.

• Gross margin improved to 31.6% of revenues.

• Cash flow from operations totaled $55M; $60M in cash and $40M undrawn credit facility.