Mr. Jean Paschini reports

ADF GROUP ANNOUNCES THE SIGNING OF A SERIES OF NEW CONTRACTS IN THE UNITED STATES WORTH $127 MILLION

ADF Group Inc. has signed $127-million in new contracts for the fabrication of various steel structures and heavy steel components, all in the United States.

The largest contract in this series of new orders, in terms of value, calls for the fabrication of the steel structure for a new large surface building in the Midwest region. Other projects announced today include a contract for the fabrication of various steel structures and heavy steel components as part of a project to rehabilitate an iconic transportation infrastructure in a major metropolis in the Great Lakes region, as well as contractual changes to a major contract announced in recent months.

ADF's plants in Terrebonne, Que., and Great Falls, Mont., will be used to complete these projects. All of these new contracts will be completed by the end of 2028.

"In total, we have signed over $280-million in new contracts in Canada and the United States since the beginning of the current fiscal year. The various factors and challenges we have to face bring us to innovate, to invest, to be more efficient. Our ambitious strategy of targeted investments to ensure sustained growth, the geographic and sectoral diversification, and the expertise of our talents in Canada and the U.S. continue to bear fruit. Every action we take allows us to stay well positioned to compete effectively in each of our markets," added Jean Paschini, chairman of the board of directors and chief executive officer.

The corporation's order backlog reached $645.8-million as at April 30, 2026, excluding new projects announced today.

About ADF Group Inc.

ADF Group is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group is one of the few players in the industry capable of handling highly technically complex megaprojects on fast-track schedules in the commercial, institutional, industrial and public sectors. The corporation operates two fabrication plants and two paint shops, in Canada and in the United States, and a construction division in the United States, which specializes in the installation of steel structures and other related products.

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