Mr. Jean Paschini reports

ADF GROUP ANNOUNCES THE SIGNING OF A SERIES OF NEW CONTRACTS IN CANADA AND THE UNITED STATES WORTH A TOTAL OF $82 MILLION

ADF Group Inc. has signed a series of new contracts in Canada and in the United States totalling $82.0-million.

The largest project of this series of new contracts, signed in Western Canada, consists in the fabrication of various steel structures in the hydroelectric sector. Subject to a fast-track schedule, the fabrication work will begin in March 2027 and will extend over a nine-month period.

The contracts announced today also include contracts signed in Quebec, in Ontario and in the Atlantic provinces, and all in the hydroelectric sector. These projects consist in the fabrication and delivery of various mechanically welded steel structures. The majority of these contracts will begin in December, 2026, and will extend over the next 18 months.

The corporation has also signed a contract in the recreational sector in the U.S. West Coast with a client for whom ADF recently successfully delivered a major contract in the same sector of activity, also in the Western United States. This contract will begin in the coming months.

ADF's fabrication plants in Terrebonne, Que., Groupe LAR's fabrication plant in Metabetchouan-Lac-a-la-Croix, and ADF's plant in Great Falls, Mont., U.S., will be involved in carrying out all the new projects announced today.

Excluding the new contracts announced today, the corporation's backlog reached $693.7-million as at July 31, 2026, reaching an all-time high on the same date.

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 mega projects 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 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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