Mr. Jean Paschini reports

ADF GROUPE ANNOUNCES THE SIGNING OF A SERIES OF NEW CONTRACTS IN QUEBEC AND IN THE U.S.A. WORTH $157.3 MILLION

ADF Group Inc. has signed new contracts in Quebec and in the United States worth $157.3-million.

The largest of this series of new contracts, in terms of value and duration, is for the fabrication and delivery of various heavy steel structures for a project in the hydroelectric sector in Quebec. This project is a four-year master contract. Fabrication work on this contract will begin soon at Groupe LAR plant in Metabetchouan, Que.

The other contracts announced today consist of the fabrication of various steel structures for projects in the transportation infrastructure sector and for new commercial buildings in the Western United States. ADF's plants in Terrebonne, Que., and in Great Falls, Mont., will be involved in carrying out these new contracts.

"We have a good backlog in hand with a diverse portfolio of projects, and we are continuing our work to prepare our backlog for the coming years. The acquisition of Groupe LAR last September is one of the key elements of our strategy to develop and diversify our order backlog. Groupe LAR is also a source of expertise and experience diversification in a highly specialized field," added Jean Paschini, chairman of the board of directors and chief executive officer.

The corporation's order backlog reached $561.1-million as at Jan. 31, 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.

About Groupe LAR Inc.

Established in 1942 and based in Metabetchouan Lac-a-la-Croix in the Saguenay-Lac-Saint-Jean region in Quebec, Groupe LAR operates in the machining, welding and industrial mechanics sectors. Groupe LAR is a Canadian leader in the design, manufacture and installation of mechanically welded steel structures. Primarily focused on the rapidly expanding large-scale hydroelectricity market, Groupe LAR also offers customized overhead crane solutions for the heavy industry.

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