ADF Group Inc. (DRX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the ADF results for three months and six months ending July 31st, 2025 conference call. At this time, all lines are in 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 Thursday, September 11th, 2025. I would now like to turn the conference over to Mr. Jean-Francois Bourcier, Chief Financial Officer. Please go ahead. Merci. Good morning and welcome to ADF's conference call covering the second quarter and six-month ended July 31st, 2025. I am with Jean Paschini, Chairman of the Board and CEO of ADF, who will be available to answer your question at the end of the call. I will first update you on our quarterly and year-to-date results. which were disclosed earlier this morning by press release, and then proceed with a quick update about our operations, including our multi-year contract announcement from last July 33rd, and also about last week's acquisition announcement. First, a word of caution. Please note that some of the issues discussed today may include forward-looking statements. These are documented in ADF Group's management report for the second quarter and six-month ended July 31, 2025, which were filed with CDAR this morning. Revenues for the corridor ended July 31, 2025 at $53 million, worth $21.9 million lower than last year. Year-to-date, revenues stood at $108.5 million compared to $182.3 million for the six-month period ended July 31, 2024. While the corporation's order backlog is more than adequate, exceeding $468 million as of July 31, 2025, the uncertainty surrounding the U.S. tariffs has created a non-recoverable delay in ...