West African Resources Limited (WFRSF)

West African Resources Cash Flow 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
Net Income	223.84	146.87	164.44	188.96	89.36
Depreciation & Amortization	75.23	86.95	59.45	62.09	27.23
Stock-Based Compensation	3.08	2.6	2.46	2.49	2.34
Other Operating Activities	6.03	12.1	8.23	80.04	17.06
Change in Accounts Receivable	-24.53	-37.53	-3.1	-19.82	-18.26
Change in Inventory	-27.28	-35.89	-9.14	-7.61	-26.46
Change in Accounts Payable	-33.12	13.56	21.68	-27.07	14.19
Change in Income Taxes	27.18	15.44	-74.68	72.25	20.82
Change in Other Net Operating Assets	0.6	3.16	-	-	-
Operating Cash Flow	251.64	208.61	184.1	349.66	147.92
Operating Cash Flow Growth	20.63%	13.32%	-47.35%	136.38%	-
Capital Expenditures	-487.35	-228.34	-180.79	-107.96	-117.19
Other Investing Activities	-	-	-	-	0.29
Investing Cash Flow	-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)	367.72	-5.33	-7.54	-240.4	-0.58
Issuance of Common Stock	150.23	0.25	0.65	137.29	2.37
Other Financing Activities	-51.92	-18.1	-8.81	-51.46	-22.9
Financing Cash Flow	466.04	-23.18	-15.71	-154.56	-21.11
Foreign Exchange Rate Adjustments	26.26	4.59	2.42	1.21	1.54
Net Cash Flow	256.59	-38.31	-9.98	88.35	11.44
Free Cash Flow	-235.71	-19.73	3.31	241.7	30.73
Free Cash Flow Growth	-	-	-98.63%	686.60%	-
Free Cash Flow Margin	-32.29%	-2.98%	0.54%	33.94%	9.88%
Free Cash Flow Per Share	-0.22	-0.02	0.00	0.27	0.04
Cash Interest Paid	26.81	1.75	1.38	14.25	15.6
Cash Income Tax Paid	67.85	59.5	133.77	36.54	-
Levered Free Cash Flow	-70.94	-163.85	-39.79	177.85	-9.86
Unlevered Free Cash Flow	-69.21	-162.75	-38.47	214.56	6.48
Change in Net Working Capital	-133.68	171.71	81.29	-15.8	1.72

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