08:52 AM EDT, 04/10/2025 (MT Newswires) -- ADF GROUP ( ADFJF ) , which jumped 13.4% on Wednesday, reported an increase in profit for the fiscal year ended Jan. 31, 2025.

For the year, net income rose to $56.8 million, or $1.84 per basic and diluted share, compared with net income of $37.6 million, or $1.15 per share in fiscal 2024.

Revenue increased to $339.6 million compared with $331 million, a year-ago. ADF had $60 million in liquidity at the end of January. The company said that majority of projects in hand will be progressively carried out by the second semester of the fiscal year ending Jan. 31, 2027.

"The uncertainty caused by the imposition of U.S. tariffs is delaying the conclusion of new commercial agreements, and in this context, we are compelled to analyze certain contingency measures, including the implementation of the Work-Sharing Program at our plant located in Terrebonne, Quebec," said ADF GROUP ( ADFJF ) Chief Executive Jean Paschini. "In this sense, we can already confirm that revenues for the fiscal year ending January 31, 2026, will be down, mainly in the first quarters, and that our margins will also be affected by the direct and indirect impacts of U.S. tariffs."

ADF said it will pay a semi-annual dividend of $0.02 per subordinate voting share on May 15 to shareholders of record as at April 24.

Shares of the company closed up $0.90 at $7.61 on Wednesday on the Toronto Stock Exchange.