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Advantage Energy Ltd. Financial Supplement Data 2025

May 1, 2025

46455_rns_2025-05-01_6f04a8d9-888a-4f37-817d-7dd27a168784.pdf

Financial Supplement Data

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Advantage Energy Ltd.
Supplemental Financial Information (unaudited)
Exhibit to the March 31, 2025 Condensed Consolidated Financial Statements

The following ratio has been calculated on a consolidated basis for the twelve-month period ended March 31, 2025. This ratio is based on Advantage Energy Ltd.'s Condensed Consolidated Financial Statements that are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Earnings Coverage Ratio^{(1)(2)} Twelve months ended March 31, 2025
0.4x

(1) Calculated as net income (loss) and comprehensive income (loss) attributed to Advantage shareholders, before finance expense and income tax expense divided by finance expense (including capitalized interest).
(2) As a result of the Corporation's acquisition of Charlie Lake and Montney assets (the "Acquired Assets"), results from June 24, 2024 to March 31, 2025 include results from the Acquired Assets. Financial information prior to the acquisition from January 1, 2024 to June 23, 2024 does not reflect results from the Acquired Assets.