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

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