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Adjusted net profit is neither of those. It is the result of making changes to the actual net profit to take account of 'something'. For example a potential buyer of a business might adjust the declared net profit to take account of the current working owners salary.
"Adjusted net profit" is whatever fiddled figure the creator of the figure wants it to be
Think EBITDA is bad, unreliable, deceptive, irrelevant (given lack of Capex considerations) etc etc? Adjusted Net Profit is EBITDA that's been further fiddled.
There are multiple uses for adjusted net profit you get from a business owner. The most important use is that it provides numbers you can use for your lottery ticket and you don't have to think of new numbers every week.