Acerta Energy Ltd.
Interim Condensed Consolidated Financial Statements
For the period from inception to June 30, 2026
(Unaudited)
NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS
Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.
The accompanying unaudited interim condensed consolidated financial statements of Acerta Energy Ltd. have been prepared by and are the responsibility of management. They have not been reviewed by the Company’s independent auditors.
This Management’s Discussion and Analysis (“MD&A”) of the financial condition and results of operations of Acerta Energy Ltd. (“Acerta” or the “Company”) should be read together with the unaudited interim condensed consolidated financial statements of the Company for the period from inception to June 30, 2026, and the notes thereto (the “Financial Statements”). The Financial Statements have been prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board, and in particular IAS 34 Interim Financial Reporting. All amounts are stated in Canadian dollars unless otherwise indicated, and tabular amounts are in thousands of Canadian dollars.
This is the Company’s first reporting period. Accordingly, no comparative figures are presented, and the period-over-period variance analysis customarily included in an MD&A is not applicable. The Company acquired its producing properties on April 9, 2026, and the results of those properties are included in the Financial Statements only from that date. The Company’s operating results for the period therefore reflect approximately 82 days of production, from the commencement of production on April 10, 2026, to June 30, 2026, rather than a full quarter, and per-unit measures should be read with that in mind.
The Financial Statements have not been reviewed by the Company’s auditor. This MD&A is dated August 14, 2026, and was approved by the Board of Directors on that date. Information in this MD&A is current to that date unless otherwise stated.