ADF Group Inc. (DRX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the ADF Group, Inc. result for the three-month period ended April 30th, 2025 conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on June 10th, 2025. I would now like to turn the conference over to Monsieur Jean-Francois Boussier, Please go ahead. Thank you. Good morning and welcome to ADF's conference call covering the first quarter ended April 30th, 2025. I am with John Paschini, chairman of the board and CEO of ADF, who will be available to answer your questions at the end of the call. We are currently an hour from hosting our 2025 annual shareholders meeting, which will take place at the Imperia Hotel in Suisse in Terrebonne. I will now update you on our quarterly results, which were disclosed earlier this morning by press release. First, a word of caution. Please note that some of the issues discussed today may include forward-looking statements. These are documented in ADF Groups Management Report for the first quarter ended April 30th, 2025, which were filed with CEDAR this morning. Given the circumstances and more particularly the uncertainty related to the U.S. tariffs, we are pleased with the results of the first quarter of our current fiscal year, which ended April 30th, 2025. It is important to remember that the same quarter that ended a year ago on April 30th, 2024 was our best quarter of the previous fiscal year in terms of revenue and gross margins. Revenues during the three-month period ended April 30, 2025, total $55.5 million, compared to $107.4 million for the same period ended...