Advantage Energy Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	636.04	645.83	497.63	509.42	858.11	464.51
Revenue Growth (YoY)	11.45%	29.78%	-2.31%	-40.63%	84.74%	97.99%
Cost of Revenue	273.26	270.38	226.89	178.43	159.12	115.33
Gross Profit	362.78	375.46	270.75	330.99	698.99	349.17
Selling, General & Admin	41.79	40.35	36.36	24.64	22.28	19.86
Depreciation & Amortization Expenses	227.1	228.04	199.49	148.9	133.92	106.79
Exploration Expenses	-	-	-	-	-	0.08
Other Operating Expenses	8.81	9.16	5.44	16.77	5.52	-336.6
Total Operating Expenses	277.7	277.55	241.29	190.3	161.72	-209.87
Operating Income	85.08	97.91	29.46	140.69	537.27	559.04
Interest Expense	-60.58	-61.06	-52.42	-30.09	-20.43	-21.19
Other Non-Operating Income (Expense)	130.06	40.04	55	26.23	-79.75	-5.75
Total Non-Operating Income (Expense)	69.48	-21.02	2.58	-3.86	-100.18	-26.94
Pretax Income	154.56	76.89	32.04	136.83	437.09	532.1
Provision for Income Taxes	-28.75	24.71	12.81	35.64	105.14	121.09
Net Income	111.6	53.05	21.72	101.6	338.67	411.52
Minority Interest in Earnings	2.53	2.05	1.61	1.32	0.91	0.17
Net Income to Common	111.6	53.05	21.72	101.6	338.67	411.52
Net Income Growth	-	144.26%	-78.62%	-70.00%	-17.70%	-
Shares Outstanding (Basic)	167	167	164	167	187	190
Shares Outstanding (Diluted)	172	170	167	172	194	199
Shares Change (YoY)	3.41%	2.01%	-2.92%	-11.37%	-2.38%	5.78%
EPS (Basic)	0.67	0.32	0.13	0.61	1.81	2.17
EPS (Diluted)	0.64	0.31	0.13	0.59	1.75	2.07
EPS Growth	-	138.46%	-77.97%	-66.29%	-15.46%	-
Shares Outstanding	167.77	166.94	166.93	162.23	171.65	190.83
Free Cash Flow	9.14	-33.3	-84.39	51.2	261.61	74.92
Free Cash Flow Growth	-	-	-	-80.43%	249.20%	-
Free Cash Flow Per Share	0.05	-0.20	-0.51	0.30	1.35	0.38
Gross Margin	57.04%	58.14%	54.41%	64.97%	81.46%	75.17%
Operating Margin	13.38%	15.16%	5.92%	27.62%	62.61%	120.35%
Profit Margin	17.15%	7.90%	4.04%	19.68%	39.36%	88.56%
FCF Margin	1.44%	-5.16%	-16.96%	10.05%	30.49%	16.13%
EBITDA	312.18	325.95	228.95	289.59	671.18	665.83
EBITDA Margin	49.08%	50.47%	46.01%	56.85%	78.22%	143.34%
EBIT	85.08	97.91	29.46	140.69	537.27	559.04
EBIT Margin	13.38%	15.16%	5.92%	27.62%	62.61%	120.35%
Effective Tax Rate	-18.60%	32.14%	39.97%	26.04%	24.05%	22.76%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.