Quarterly Cashflow Report

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Stock West African Resources Ltd (WAF.ASX)
Release Time 22 Jan 2025, 8:26 a.m.
Price Sensitive Yes
 West African Resources Reports Q4 2024 Cashflow
Key Points
  • Strong operating cashflows of $76.3 million in Q4 2024
  • Investing activities of $132.0 million, including $131.7 million in capital expenditure
  • Financing activities used $13.5 million, including $9.6 million in interest payments
Full Summary

West African Resources Ltd has released its Q4 2024 quarterly cashflow report, providing an update on the company's financial position and cash flows for the period. The key highlights include:Operating Activities: The company generated strong operating cashflows of $76.3 million in Q4 2024, driven by receipts from customers of $197.8 million. This was partially offset by payments to suppliers and employees of $105.9 million, as well as income taxes paid of $18.0 million.Investing Activities: The company's investing activities used $132.0 million in cash, with the majority ($131.7 million) being spent on property, plant and equipment. A further $0.3 million was spent on exploration and evaluation activities.Financing Activities: Financing activities used $13.5 million in cash, including $9.6 million in interest payments and $1.8 million in lease liability payments. The company also made a $2.0 million subsidiary minority interest profit distribution.Cash Position: The company ended the quarter with a strong cash position of $391.7 million, down from $430.2 million at the start of the quarter. This decrease was primarily due to the significant investing activities undertaken during the period.Overall, the Q4 2024 cashflow report demonstrates West African Resources' continued operational and financial strength, with robust operating cashflows funding the company's ongoing capital investment program.