West African Resources Cash Flow Statement

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	327.47	223.84	146.87	164.44	188.96	89.36	Upgrade
Depreciation & Amortization	76.47	75.23	86.95	59.45	62.09	27.23	Upgrade
Stock-Based Compensation	3.08	3.08	2.6	2.46	2.49	2.34	Upgrade
Other Operating Activities	-55.7	6.03	12.1	8.23	80.04	17.06	Upgrade
Change in Accounts Receivable	-24.53	-24.53	-37.53	-3.1	-19.82	-18.26	Upgrade
Change in Inventory	-27.28	-27.28	-35.89	-9.14	-7.61	-26.46	Upgrade
Change in Accounts Payable	-33.12	-33.12	13.56	21.68	-27.07	14.19	Upgrade
Change in Income Taxes	27.18	27.18	15.44	-74.68	72.25	20.82	Upgrade
Change in Other Net Operating Assets	0.6	0.6	3.16	-	-	-	Upgrade
Operating Cash Flow	294.76	251.64	208.61	184.1	349.66	147.92	Upgrade
Operating Cash Flow Growth	37.06%	20.63%	13.32%	-47.35%	136.38%	-	Upgrade
Capital Expenditures	-556.29	-487.35	-228.34	-180.79	-107.96	-117.19	Upgrade
Other Investing Activities	-	-	-	-	-	0.29	Upgrade
Investing Cash Flow	-556.29	-487.35	-228.34	-180.79	-107.96	-116.9	Upgrade
Long-Term Debt Issued	-	375.88	-	-	-	37.83	Upgrade
Long-Term Debt Repaid	-	-8.16	-5.33	-7.54	-240.4	-38.41	Upgrade
Net Debt Issued (Repaid)	-5.85	367.72	-5.33	-7.54	-240.4	-0.58	Upgrade
Issuance of Common Stock	150	150.23	0.25	0.65	137.29	2.37	Upgrade
Other Financing Activities	-56.96	-51.92	-18.1	-8.81	-51.46	-22.9	Upgrade
Financing Cash Flow	87.19	466.04	-23.18	-15.71	-154.56	-21.11	Upgrade
Foreign Exchange Rate Adjustments	28.43	26.26	4.59	2.42	1.21	1.54	Upgrade
Net Cash Flow	-145.91	256.59	-38.31	-9.98	88.35	11.44	Upgrade
Free Cash Flow	-261.53	-235.71	-19.73	3.31	241.7	30.73	Upgrade
Free Cash Flow Growth	-	-	-	-98.63%	686.60%	-	Upgrade
Free Cash Flow Margin	-30.31%	-32.29%	-2.98%	0.54%	33.94%	9.88%	Upgrade
Free Cash Flow Per Share	-0.23	-0.22	-0.02	0.00	0.27	0.04	Upgrade
Cash Interest Paid	40.98	26.81	1.75	1.38	14.25	15.6	Upgrade
Cash Income Tax Paid	98.12	67.85	59.5	133.77	36.54	-	Upgrade
Levered Free Cash Flow	-212.64	-70.94	-163.85	-39.79	177.85	-9.86	Upgrade
Unlevered Free Cash Flow	-212.64	-69.21	-162.75	-38.47	214.56	6.48	Upgrade
Change in Working Capital	-56.55	-56.55	-39.9	-50.47	16.08	11.93	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.