West African Resources Limited (ASX:WAF)

Australia · Delayed Price · Currency is AUD

3.480

+0.160 (4.82%)

Aug 7, 2026, 4:10 PM AEST

West African Resources Financials Overview

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

Millions AUD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,543	1,543	730	661.23	608.23	712.14
Revenue Growth	78.82%	111.37%	10.40%	8.71%	-14.59%	128.86%
Gross Profit	880	880	352.3	270.35	283.55	405.34
Operating Income	819.5	819.5	329.9	236.42	258.72	387.42
Net Income	473.9	473.9	223.8	146.87	164.44	188.96
Earnings Per Share	0.41	0.41	0.21	0.14	0.16	0.21
EPS Growth	43.91%	100.48%	45.07%	-10.69%	-23.19%	104.95%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Mining Operations	1,538	1,538	726.6	660.81	608.06	712.13
Other	5.2	5.2	3.4	0.38	0.13	0.01
Total	1,543	1,543	730	661.23	608.23	712.14

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	584.1	584.1	391.7	135.08	173.39	183.41
Total Debt	453.1	453.1	426	149.15	22.18	87.72
Net Cash (Debt)	131	131	-34.3	-14.07	151.21	95.69
Net Cash Growth	-	-	-	-	58.02%	-
Net Cash Per Share	0.11	0.11	-0.03	-0.01	0.15	0.10

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	789.7	789.7	251.6	208.61	184.1	349.66
Capital Expenditures	-431.3	-431.3	-487.3	-228.34	-180.79	-107.96
Free Cash Flow	358.4	358.4	-235.7	-19.73	3.31	241.7
Free Cash Flow Growth	-	-	-	-	-98.63%	686.60%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	57.03%	57.03%	48.26%	40.89%	46.62%	56.92%
Operating Margin	53.11%	53.11%	45.19%	35.75%	42.54%	54.40%
Pretax Margin	52.36%	52.36%	46.86%	36.46%	42.35%	45.15%
Profit Margin	30.71%	30.71%	30.66%	22.21%	27.04%	26.53%
FCF Margin	23.23%	23.23%	-32.29%	-2.98%	0.54%	33.94%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	8.04	7.23	7.31	6.60	7.31	7.13
Forward PE	4.30	3.09	5.10	8.06	7.23	7.06
P/FCF Ratio	10.60	9.56	-	-	362.98	5.58
PS Ratio	2.46	2.22	2.24	1.47	1.98	1.89