West African Resources Limited (ASX:WAF)

West African Resources Income Statement

Financials in millions AUD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	729.98	661.23	608.23	712.14	311.17
Revenue Growth (YoY)	10.40%	8.71%	-14.59%	128.86%	25014.37%
Cost of Revenue	377.7	390.87	324.68	306.81	145.15
Gross Profit	352.28	270.35	283.55	405.34	166.02
Selling, General & Admin	11.61	9.79	7.79	5.74	5.08
Research & Development	-	-	-	1.22	-
Other Operating Expenses	5.81	17.48	9.7	6.18	2.77
Operating Expenses	22.44	33.93	24.83	17.91	12.71
Operating Income	329.84	236.42	258.72	387.42	153.31
Interest Expense	-2.77	-1.77	-2.11	-58.73	-26.14
Currency Exchange Gain (Loss)	15.02	6.45	0.95	-7.15	14.2
EBT Excluding Unusual Items	342.09	241.09	257.56	321.55	141.37
Pretax Income	342.09	241.09	257.56	321.55	141.37
Income Tax Expense	95.86	76.3	73.85	107.11	42.47
Earnings From Continuing Operations	246.22	164.8	183.71	214.44	98.9
Minority Interest in Earnings	-22.38	-17.92	-19.26	-25.47	-9.54
Net Income	223.84	146.87	164.44	188.96	89.36
Net Income to Common	223.84	146.87	164.44	188.96	89.36
Net Income Growth	52.41%	-10.69%	-12.98%	111.46%	-
Shares Outstanding (Basic)	1,080	1,025	1,021	902	874
Shares Outstanding (Diluted)	1,086	1,031	1,031	912	880
Shares Change (YoY)	5.33%	-0.01%	13.06%	3.60%	0.50%
EPS (Basic)	0.21	0.14	0.16	0.21	0.10
EPS (Diluted)	0.21	0.14	0.16	0.21	0.10
EPS Growth	45.07%	-10.69%	-23.19%	104.95%	-
Free Cash Flow	-235.71	-19.73	3.31	241.7	30.73
Free Cash Flow Per Share	-0.22	-0.02	0.00	0.27	0.04
Gross Margin	48.26%	40.89%	46.62%	56.92%	53.35%
Operating Margin	45.18%	35.75%	42.54%	54.40%	49.27%
Profit Margin	30.66%	22.21%	27.04%	26.53%	28.72%
Free Cash Flow Margin	-32.29%	-2.98%	0.54%	33.94%	9.88%
EBITDA	400.61	317.88	313.04	444.72	177.37
EBITDA Margin	54.88%	48.08%	51.47%	62.45%	57.00%
D&A For EBITDA	70.77	81.47	54.32	57.29	24.06
EBIT	329.84	236.42	258.72	387.42	153.31
EBIT Margin	45.18%	35.75%	42.54%	54.40%	49.27%
Effective Tax Rate	28.02%	31.65%	28.67%	33.31%	30.04%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.