West African Resources
West African Resources is a leading gold exploration and production company operating primarily in Burkina Faso. The company focuses on developing high-quality gold projects and is committed to sustainable mining practices. With a strong presence in the materials industry, it leverages its expertise to maximize resource extraction and shareholder value.
Short position
West African Resources (ASX:WAF) has 0.27% of its shares on issue reported as short positions as of 5 Oct 2026, or about 3,112,977 shares. Over the past 30 days that figure has risen 0.14 percentage points, and over 90 days it has fallen 0.56 percentage points. Its highest recorded short interest was 5.35% in June 2021. WAF is classified in the Materials industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
Price & short interest
Toggle series, zoom, and compare · ASIC daily, T+4West African Resources (WAF) financials
Results, ratios and statements
Latest result
Half year to 30 Jun 2026 (HY26), figures in AUD, the reporting currency · Company filing, 10 Sep 2026
- Revenue
- $1.46BF (source: Company filing (extracted))vs n/a
- Company filing (extracted), as at 8 Oct 2026
- NPAT
- $436.6MF (source: Company filing (extracted))vs n/a
- Company filing (extracted), as at 8 Oct 2026
- EPS (basic)
- n/avs n/a
- Rev YoY
- +111.7%FY
- EPS YoY
- +100.5%FY
- Company filing (extracted)
Summary of June 2026 Half Year Financial Report, 10 Sep 2026
For the half year ended 30 June 2026, West African Resources reported revenue of $1,462.7 million (up 206%) and net profit of $436.6 million (up 103%). No dividend was declared for the period. The company did not provide specific guidance, but noted the positive impact from the start of gold production at Kiaka.
Automated summary of the filing; the filing itself is the record.
Key ratios
Year to 31 Dec 2025 (FY); balance sheet at 31 Dec 2025; prices to 9 Oct 2026
- Gross margin
- 63.4%
- Operating margin
- 52.8%
- Net margin
- 30.9%
- FCF margin
- 23.4%
- ROE
- 31.9%
- ROA
- 20.2%
- FCF conversion
- 0.76×
- Net cash (excl. leases)
- $153.8M
- Net debt / EBITDA
- −0.2×
- Current ratio
- 2.0×
- Interest cover
- 27.0×
- Cash dividends paid / net profit
- n/a
- Market cap
- $4.22B
- P/E
- 8.9×
- P/B
- 2.5×
Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue | $1.53B | $724.4M | $658.8M | $606.1M |
| Gross profit | $972.8M | $421.8M | $354.7M | $340.5M |
| Operating income | $810.3M | $324.2M | $234.0M | $256.6M |
| EBITDA | $940.0M | $420.1M | $329.8M | $319.0M |
| EBIT | $837.9M | $344.9M | $242.9M | $259.7M |
| Interest expense | $30.0M | $2.8M | $1.8M | $2.1M |
| Pretax income | $807.9M | $342.1M | $241.1M | $257.6M |
| Tax | $240.5M | $95.9M | $76.3M | $73.9M |
| NPAT | $473.9M | $223.8M | $146.9M | $164.4M |
| Net interest income | −$20.9M | $2.7M | $511.0K | −$103.0K |
| EPS basic | $0.42 | $0.21 | $0.14 | $0.16 |
| EPS diluted | $0.41 | $0.21 | $0.14 | $0.16 |
| Shares | 1.14B | 1.14B | 1.03B | 1.02B |
Financial reports
The company's own filings, newest first
- June 2026 Half Year Financial ReportHalf Year Results10 Sep 2026via asx_announcements
Figures above come from this filing
- Quarterly Activities ReportQuarterly Report29 Jul 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report23 Apr 2026via asx_announcements
- 2025 Annual ReportAnnual Report17 Mar 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report28 Jan 2026via asx_announcements
- 2024 Sustainability Report (FRENCH)Financial Report31 Dec 2025via crawler
- Investor Fact SheetFinancial Report31 Dec 2025via crawler
- 2024 Sustainability ReportFinancial Report31 Dec 2025via crawler
- Quarterly Activities ReportQuarterly Report3 Nov 2025via asx_announcements
- June 2025 Half Year Financial ReportHalf Year Results26 Aug 2025via asx_announcements
Showing 10 of 26 reports