West African Resources Income 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
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
Revenue	862.89	729.98	661.23	608.23	712.14	311.17
Revenue Growth (YoY)	23.98%	10.40%	8.71%	-14.59%	128.86%	25014.37%
Cost of Revenue	406.43	377.7	390.87	324.68	306.81	145.15
Gross Profit	456.46	352.28	270.35	283.55	405.34	166.02
Selling, General & Admin	12.53	11.61	9.79	7.79	5.74	5.08
Research & Development	-	-	-	-	1.22	-
Other Operating Expenses	6.81	5.81	17.48	9.7	6.18	2.77
Operating Expenses	27.93	22.44	33.93	24.83	17.91	12.71
Operating Income	428.54	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)	73.55	15.02	6.45	0.95	-7.15	14.2
EBT Excluding Unusual Items	504.16	342.09	241.09	257.56	321.55	141.37
Pretax Income	504.16	342.09	241.09	257.56	321.55	141.37
Income Tax Expense	135.46	95.86	76.3	73.85	107.11	42.47
Earnings From Continuing Operations	368.69	246.22	164.8	183.71	214.44	98.9
Minority Interest in Earnings	-41.23	-22.38	-17.92	-19.26	-25.47	-9.54
Net Income	327.47	223.84	146.87	164.44	188.96	89.36
Net Income to Common	327.47	223.84	146.87	164.44	188.96	89.36
Net Income Growth	111.68%	52.41%	-10.69%	-12.98%	111.46%	-
Shares Outstanding (Basic)	1,136	1,080	1,025	1,021	902	874
Shares Outstanding (Diluted)	1,143	1,086	1,031	1,031	912	880
Shares Change (YoY)	10.87%	5.33%	-0.01%	13.06%	3.60%	0.50%
EPS (Basic)	0.29	0.21	0.14	0.16	0.21	0.10
EPS (Diluted)	0.29	0.21	0.14	0.16	0.21	0.10
EPS Growth	92.58%	45.07%	-10.69%	-23.19%	104.95%	-
Free Cash Flow	-261.53	-235.71	-19.73	3.31	241.7	30.73
Free Cash Flow Per Share	-0.23	-0.22	-0.02	0.00	0.27	0.04
Gross Margin	52.90%	48.26%	40.89%	46.62%	56.92%	53.35%
Operating Margin	49.66%	45.18%	35.75%	42.54%	54.40%	49.27%
Profit Margin	37.95%	30.66%	22.21%	27.04%	26.53%	28.72%
Free Cash Flow Margin	-30.31%	-32.29%	-2.98%	0.54%	33.94%	9.88%
EBITDA	500.55	400.61	317.88	313.04	444.72	177.37
EBITDA Margin	58.01%	54.88%	48.08%	51.47%	62.45%	57.00%
D&A For EBITDA	72.01	70.77	81.47	54.32	57.29	24.06
EBIT	428.54	329.84	236.42	258.72	387.42	153.31
EBIT Margin	49.66%	45.18%	35.75%	42.54%	54.40%	49.27%
Effective Tax Rate	26.87%	28.02%	31.65%	28.67%	33.31%	30.04%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.