Advantage Energy Ltd.

AAV.TOTSXEnergy● Active

$10.24

+$0.22(+2.20%)

Market Cap$1.7B

P/E Ratio—

52W High$13.2

52W Low$9.19

Avg Volume1.2M

Open$10.04

Beta0.50

Free Cash Flow Financials Revenue

Advantage Energy Ltd. (AAV.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AAV.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

AAV.TO · FCF · TTM · margin & CAGR

Free cash flow was −$33.3M for FY2025 (fiscal year ending 2025-12-31), up 61.1% year-over-year The FCF margin was -5.2%.

FY2025 Free Cash Flow−$33.3M▲ +61.1% YoY

Trailing 12M (TTM)−$102.4Mtrailing 4 quarters sum

FCF Margin-5.2%−$33.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AAV.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$357.5M(391M)−$33.3M▲ +61.1%-5.2%

FY2024$217.5M(303M)−$85.5M▼ 272.0%-15.6%

FY2023$323.3M(274M)$49.7M▼ 80.9%9.8%

FY2022$502.4M(242M)$260.6M▲ +205.4%27.0%

FY2021$223.2M(138M)$85.3M▲ +247.3%17.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AAV.TO · P/FCF · FCF yield · FCF per share

Advantage Energy Ltd. (AAV.TO) reported negative free cash flow of −$0.03B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AAV.TO · cash flow statement · operating / investing / financing

For FY2025, Advantage Energy Ltd. generated $357.5M in operating cash flow and spent 391M in capital expenditures, yielding −$33.3M in free cash flow.

Operating Activities

+$357.5M

Cash from core business operations

2025-12-31

Investing Activities

−$422.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$62.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($357.5M) − |CapEx| (391M) = FCF (−$33.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

AAV.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Advantage Energy Ltd.YOU

AAV.TO

−$33.3M+61.1%-5.2%

Loss

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Advantage Energy Ltd. (AAV.TO) reported free cash flow of −$33.3M for FY2025 (fiscal year ending 2025-12-31), up 61.1% year-over-year. The FCF margin was -5.2%.

Based on available data, Advantage Energy Ltd. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $260.6M in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AAV.TO free cash flow · 8 questions

Advantage Energy Ltd. free cash flow was −$33.3M for FY2025, up 61.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$102.4M.

AAV.TO free cash flowAAV.TO FCFAAV.TO FCF 2025AAV.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Advantage Energy Ltd. · Advantage Energy Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026