ADF Group Inc Q4 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nicholas Cortellucci - Atrium Research - Analyst : Maybe I wanted to start off talking about maybe the things you guys can do and or thinking about doing on a more of a strategic side. So is there any plans to shift production down to Great Falls?

Question: Nicholas Cortellucci - Atrium Research - Analyst : Okay, and how much capacity can you guys do out of Great Falls maybe just from like a revenue perspective?

Question: Nicholas Cortellucci - Atrium Research - Analyst : Okay. And have you guys seen anything in terms of trying to increase the percentage of revenue that's deployed in Canadian projects. We've talked about Hydro-Quebec before and other projects in Canada. The demand is still there. How is that kind of playing out?

Question: Nicholas Cortellucci - Atrium Research - Analyst : Okay, that makes sense. All right, and then I know there's a lot of like moving pieces with the tariffs, but can you guys tell us a bit more about the USMCA exemptions and what that exactly includes for you guys and doesn't include?

Question: Nicholas Cortellucci - Atrium Research - Analyst : Yeah, for sure. It's rapidly changing, so we'll see. And then, are you guys able to share your CapEx budget for the year, how much you guys are looking to spend?

Question: Nicholas Cortellucci - Atrium Research - Analyst : Okay. So you guys are still well positioned with the balance sheet you have for the year ahead, it seems like? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 10, 2025 / 2:00PM, DRX.TO - Q4 2025 ADF Group Inc Earnings Call

Question: Nicholas Cortellucci - Atrium Research - Analyst : Got it. Okay, those are all the questions for me. I'll jump back in the queue.