Advantage Energy Balance Sheet

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
Cash & Equivalents	32.53	17.74	20.15	19.26	48.94	25.24
Cash & Short-Term Investments	32.53	17.74	20.15	19.26	48.94	25.24
Cash Growth	-30.55%	-11.97%	4.59%	-60.64%	93.91%	669.69%
Accounts Receivable	93.98	84.97	83.19	53.38	92.82	54.77
Other Current Assets	69.49	45.85	60.36	47.82	36.97	3.77
Total Current Assets	196	148.56	163.69	120.46	178.73	83.77
Net Property, Plant & Equipment	2,973	2,858	2,695	2,089	1,940	1,830
Other Intangible Assets	22.68	22.78	5.25	5.36	4.01	2.99
Other Long-Term Assets	40.7	41.95	82.17	84.01	93.99	78.41
Total Assets	3,232	3,071	2,946	2,299	2,217	1,995
Accounts Payable	152.89	109.25	116.61	70.61	84.81	76.63
Short-Term Debt	317.96	260.81	110.28	51.08	4.27	-
Current Portion of Long-Term Debt	-	-	-	-	-	11.22
Other Current Liabilities	44.56	13.17	23.62	21.02	23.32	2.77
Total Current Liabilities	515.4	383.22	250.52	142.7	112.39	90.61
Long-Term Debt	602.28	616.65	675.83	300.94	293.08	257.14
Other Long-Term Liabilities	393.15	382.74	385.46	298.99	246.81	187.12
Total Long-Term Liabilities	995.42	999.39	1,061	599.93	539.89	444.26
Total Liabilities	1,511	1,383	1,312	742.63	652.28	534.87
Common Stock	1,994	1,988	1,989	1,952	2,105	2,371
Additional Paid-in Capital	210.4	212.5	207.68	187.03	142.82	110.32
Retained Earnings	-478.68	-508.21	-561.26	-582.98	-684.58	-1,023
Total Common Shareholders' Equity	1,726	1,692	1,636	1,556	1,563	1,458
Minority Interest	-4.37	-3.56	-1.51	0.1	1.43	2.33
Shareholders' Equity	1,721	1,688	1,634	1,556	1,565	1,460
Total Liabilities & Equity	3,232	3,071	2,946	2,299	2,217	1,995
Total Debt	920.23	877.46	786.12	352.01	297.35	268.36
Net Cash (Debt)	-887.7	-859.72	-765.97	-332.75	-248.41	-243.12
Net Cash Per Share	-5.16	-5.05	-4.59	-1.94	-1.28	-1.22
Book Value	1,726	1,692	1,636	1,556	1,563	1,458
Book Value Per Share	10.04	9.94	9.80	9.06	8.06	7.34
Tangible Book Value	1,703	1,669	1,630	1,551	1,559	1,455
Tangible Book Value Per Share	9.91	9.81	9.77	9.03	8.04	7.33