The West African Resources Ltd (ASX: WAF) share price is in focus after the company reported a net profit after tax of $567 million and revenue of $1.54 billion for 2025.
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What did West African Resources report?
- Revenue: $1.54 billion
- Net profit after tax: $567 million
- Profit before tax: $808 million
- Operating cash flow: $790 million
- Gold production: 300,383 ounces at US$1,488/oz AISC
- Gold sales: 280,065 ounces at US$3,525/oz average price
What else do investors need to know?
West African Resources finished 2025 with $584 million in cash and 27,095 ounces of gold bullion, highlighting its strong liquidity position. The company saw a successful ramp-up of its new Kiaka gold production centre, contributing to both output and revenue growth.
Importantly, there were no significant health or safety incidents during the year, and the company implemented an owner-mining model across its open pit operations. West African also increased exploration efforts, aiming for future resource expansion.
What did West African Resources management say?
Executive Chairman and CEO Richard Hyde said:
WAF delivered another year of strong operational and financial performance in 2025, meeting all key objectives including the on-budget construction and ramp-up of Kiaka, continued high-margin gold production from Sanbrado, and implementation of the owner-mining model for the Group's open pit operations. The Group generated A$569M NPAT, A$790M operating cash flow and finished the year with A$584M cash and 27,095 ounces of unsold gold bullion.
What's next for West African Resources?
West African Resources anticipates even higher revenue and operating cash flow in 2026, thanks to a full year of simultaneous production from both Sanbrado and Kiaka. The company plans to publish updated reserves, resources, and a 10-year production target by the end of Q1 2026.
Ongoing investments in exploration drilling could further grow its asset base and long-term production capabilities, positioning the company for sustained performance.
West African Resources share price snapshot
Over the past 12 months, West African Resources shares have risen 24%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
