ADF Group Inc. (DRX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to ADF Group, Inc. Results for the fiscal year ended January 31st, 2025. At this time, note that all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that the call is being recorded on Thursday, April 10th, 2025. And I would like to turn the conference over to Mr. Jean-François Bourcy, ADF Group's Chief Financial Officer. Please go ahead, sir. Thank you. Good morning. Welcome to ADF's conference call covering the 12-month period and the January 31, 2025. With me today, Jean Paschini, ADF CEO, who will be available to answer your questions. Once again, we are very pleased with the improvements in our results over the recent years and more particularly during fiscal 2025. Unfortunately, these very good results are overshadowed by the uncertainty coming from the US tariffs that are not only increasing our costs, but also creating uncertainties in our markets. We will provide additional information about these tariffs later based on the most recent and available updates. This said, And before I update you on ADF's annual results and changes in financial position, which were disclosed earlier this morning by press release, let me remind you that some of the issues discussed today may include forward-looking statements. These are documented in ADF Group's management report for the 2025 fiscal year, which will be filed with CDAR in the coming days. Revenues for the fiscal year ended January 31st, 2025 reached $339.6 million, which is $8.6 million higher than last fiscal year. As a percentage of revenues, the gross margin went from 22% in fisca...