The actual data number goes up and down daily which is why Apple supply the Pref Pane number which is a damped averaged number to stop people worrying about a fluctuating number.
Here is what my
ioreg
value has done since Feb. Machine was new in Nov but I didn't start recording until end of Feb. Started at 98.1%. Dropped to 94.5%, recovered to 97.3%. Currently at 96.6% after 36 cycles.
Note that in early March my machine was less than four months old with about 20 cycles and at 94.5%....worse than yours. OTOH my Apple Battery Health pref pane number is still 100%.
I have used AlDente since mid Feb, since I never saw Apple Battery optimisation work on my MBA in the first two months.
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