West African Resources (ASX:WAF) has delivered a standout financial performance for 2025, reporting a 130% surge in net profit after tax to $567 million.
The windfall, up from $246 million the previous year, underscores a transformative period for the gold miner as it successfully transitions into a multi-asset producer.
The company’s revenue more than doubled to $1.54 billion, fuelled by a 45% year-on-year increase in gold production, which reached 300,383 ounces.
While the all-in sustaining cost rose to US$1,488 per ounce—up from US$1,240 in 2024—the increased output and strong gold pricing environment more than offset the higher operational expenses.
A primary catalyst for this record-breaking result was the integration of the newly constructed Kiaka gold production centre, which contributed its first five months of commercial operations alongside the established Sanbrado mine.
Executive Chairman and CEO Richard Hyde noted that the company is now positioned for even greater heights, with 2026 set to benefit from a full year of production across both large-scale, long-life assets.
West African Resources remains aggressive on growth; following significant investment in exploration drilling throughout 2025, the market is now looking toward the end of Q1 2026 for updated reserves and a refreshed 10-year production target.