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West African Resources WAF.AX · AUD

Materials · ASX · 🇦🇺 Australia

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3.62

+4.93%

Close of 9 Nov 2026, in AUD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in AUD, from our data supplier.

FY2025

Revenue

A$1.53bn

FY2016FY2025

Net income

A$473.9m

FY2016FY2025

Free cash flow

A$304.0m

FY2016FY2025

Shareholders' equity

A$1.72bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueA$1.53bnA$724.4mA$658.8mA$606.1mA$711.5mA$310.3mA$1.2mA$810,000A$460,620A$256,662
Research and development————A$1.2m—————
Operating incomeA$810.3mA$324.2mA$236.4mA$259.7mA$380.3mA$167.5m−A$6.9m−A$6.8m−A$25.6m−A$14.4m
Net incomeA$473.9mA$223.8mA$146.9mA$164.4mA$189.0mA$89.4m−A$3.0m−A$7.1m−A$25.3m−A$14.3m
Diluted earnings per share0.410.200.140.160.200.10-0.00-0.01-0.04-0.03

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsA$2.72bnA$1.97bnA$1.22bnA$878.7mA$804.2mA$530.7mA$336.0mA$89.6mA$43.7mA$11.1m
Cash and short-term investmentsA$592.0mA$391.7mA$135.1mA$173.4mA$183.4mA$95.1mA$83.6mA$66.4mA$42.6mA$10.6m
Total liabilitiesA$957.4mA$660.4mA$315.0mA$138.1mA$249.8mA$358.4mA$261.7mA$9.7mA$4.0mA$2.0m
DebtA$453.1mA$426.0mA$149.2mA$22.2mA$25.8mA$242.1mA$243.6m———
Shareholders' equityA$1.72bnA$1.25bnA$861.2mA$700.5mA$525.0mA$165.2mA$76.4mA$79.9mA$39.3mA$9.1m
Shares outstanding1,147m1,119m1,028m1,030m923m881m870m621m669m474m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsA$734.0mA$206.9mA$207.2mA$223.8mA$349.7mA$147.9m−A$6.6m−A$8.5m−A$25.2m−A$14.2m
Capital spending−A$430.0m−A$485.2m−A$228.3m−A$114.9m−A$55.3m−A$109.5m−A$200.1m−A$23.7m−A$316,230−A$121,411
Free cash flowA$304.0m−A$278.2m−A$21.1mA$108.9mA$294.4mA$38.5m−A$206.7m−A$32.2m−A$25.5m−A$14.3m
Dividends paid———−A$7.5m−A$44.7m−A$15.4m−A$251.8m———

Financial ratios

Data as of 20 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin52.8%47.6%36.8%42.8%53.4%54.0%
Net margin30.9%30.9%22.3%27.1%26.6%28.8%
Return on equity27.6%18.0%17.1%23.5%36.0%54.1%
Return on assets17.5%11.3%12.0%18.7%23.5%16.8%
Free cash flow yield17.9%5.2%5.6%6.1%10.6%4.7%
Revenue growth111.7%10.0%8.7%-14.8%129.3%24945.6%
Earnings growth111.7%52.4%-10.7%-13.0%111.5%-3038.6%
Current ratio2.02x3.33x3.69x3.37x1.45x0.76x
Debt to equity0.26x0.33x0.17x0.03x0.04x1.40x
Equity ratio63.3%63.2%70.5%79.7%65.3%31.1%
Interest coverage27.01x124.41x136.90x123.06x6.48x6.41x
R&D as a share of sales————0.2%—
Buybacks as a share of market value-2.6%-8.8%0.2%-11.6%-4.8%-1.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue36.3%37.7%191.2%
Operating income46.1%37.1%—
Net income42.3%39.6%—

Average margins

Over each period

1 year3 years5 years10 years
Operating margin50.2%46.3%47.9%46.6%
Net margin30.9%28.6%28.3%27.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings7.37.26.67.46.510.3-123.1-21.9-10.8-7.3
Price to sales2.22.21.52.01.73.0302.1191.6—406.5

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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