West African Resources Limited (W25) - Net Assets
Based on the latest financial reports, West African Resources Limited (W25) has net assets worth €1.76 Billion EUR (≈ $2.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.72 Billion ≈ $3.17 Billion USD) and total liabilities (€957.40 Million ≈ $1.12 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of West African Resources Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.76 Billion |
| % of Total Assets | 64.74% |
| Annual Growth Rate | 79.52% |
| 5-Year Change | 217.13% |
| 10-Year Change | N/A |
| Growth Volatility | 232.48 |
West African Resources Limited - Net Assets Trend (2016–2025)
This chart illustrates how West African Resources Limited's net assets have evolved over time, based on quarterly financial data. See how many days can West African Resources Limited fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for West African Resources Limited (2016–2025)
The table below shows the annual net assets of West African Resources Limited from 2016 to 2025. For live valuation and market cap data, see West African Resources Limited (W25) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.76 Billion ≈ $2.06 Billion |
+33.82% |
| 2024-12-31 | €1.31 Billion ≈ $1.54 Billion |
+45.05% |
| 2023-12-31 | €905.83 Million ≈ $1.06 Billion |
+22.32% |
| 2022-12-31 | €740.57 Million ≈ $865.80 Million |
+33.58% |
| 2021-12-31 | €554.41 Million ≈ $648.16 Million |
+221.83% |
| 2020-12-31 | €172.26 Million ≈ $201.40 Million |
+132.07% |
| 2019-12-31 | €74.23 Million ≈ $86.78 Million |
+717.42% |
| 2016-12-31 | €9.08 Million ≈ $10.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to West African Resources Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 120327654000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.14 Billion | 66.30% |
| Other Components | €579.60 Million | 33.70% |
| Total Equity | €1.72 Billion | 100.00% |
West African Resources Limited Competitors by Market Cap
The table below lists competitors of West African Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Six Flags Entertainment Corporation
NYSE:FUN
|
$2.29 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
$2.29 Billion |
|
Danaos Corporation
NYSE:DAC
|
$2.29 Billion |
|
BRP Inc.
NASDAQ:DOO
|
$2.29 Billion |
|
AQ Group AB
ST:AQ
|
$2.29 Billion |
|
Amprius Technologies Inc.
NYSE:AMPX
|
$2.29 Billion |
|
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
|
$2.29 Billion |
|
Hanesbrands Inc
NYSE:HBI
|
$2.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West African Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,246,984,000 to 1,720,000,000, a change of 473,016,000 (37.9%).
- Net income of 473,900,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €473.90 Million | +27.55% |
| Other Changes | €-884.00K | -0.05% |
| Total Change | €- | 37.93% |
Book Value vs Market Value Analysis
This analysis compares West African Resources Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 102.89x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | €0.02 | €1.93 | x |
| 2017-12-31 | €0.06 | €1.93 | x |
| 2019-12-31 | €0.09 | €1.93 | x |
| 2020-12-31 | €0.19 | €1.93 | x |
| 2021-12-31 | €0.51 | €1.93 | x |
| 2022-12-31 | €0.68 | €1.93 | x |
| 2023-12-31 | €0.84 | €1.93 | x |
| 2024-12-31 | €1.09 | €1.93 | x |
| 2025-12-31 | €1.51 | €1.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West African Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.90%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.58x
- Recent ROE (27.55%) is above the historical average (-5.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -157.73% | 0.00% | 0.00x | 1.22x | €-15.23 Million |
| 2017 | -64.39% | 0.00% | 0.00x | 0.00x | €-29.23 Million |
| 2019 | -5.60% | 0.00% | 0.00x | 4.40x | €-11.91 Million |
| 2020 | 54.08% | 28.80% | 0.58x | 3.21x | €72.84 Million |
| 2021 | 35.99% | 26.56% | 0.88x | 1.53x | €136.46 Million |
| 2022 | 23.48% | 27.13% | 0.69x | 1.25x | €94.39 Million |
| 2023 | 17.05% | 22.29% | 0.54x | 1.42x | €60.75 Million |
| 2024 | 17.95% | 30.90% | 0.37x | 1.58x | €99.15 Million |
| 2025 | 27.55% | 30.90% | 0.56x | 1.58x | €301.90 Million |
Industry Comparison
This section compares West African Resources Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $6,452,010,380
- Average return on equity (ROE) among peers: -90.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West African Resources Limited (W25) | €1.76 Billion | -157.73% | 0.54x | $2.29 Billion |
| Pearl Gold AG (02P) | $69.49 Million | -0.87% | 1.02x | $11.69 Million |
| NEWPATH RESOURCES INC. (0MZ) | $-1.67 Million | 0.00% | 0.00x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $64.38 Billion | 7.36% | 1.65x | $2.68 Billion |
| Asante Gold Corporation (1A9) | $1.50 Million | -59.77% | 1.77x | $465.58 Million |
| American Pacific Mining Corp (1QC1) | $1.15 Million | -318.04% | 0.15x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $43.88 Million | -7.79% | 0.14x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $9.67 Million | -13.44% | 0.06x | $10.61 Million |
| CLARITY METALS CORP. (27G0) | $2.96 Million | -220.38% | 0.18x | $1.67 Million |
| SIXTY NORTH GOLD MIN.LTD. (2F40) | $7.83 Million | -15.12% | 0.05x | $13.20 Million |
| GREENHAWK RESOURCES INC. (2V70) | $5.66 Million | -275.28% | 0.01x | $43.10K |
About West African Resources Limited
West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 85% interests in the Sanbrado Gold and Kiaka Gold projects located in Burkina Faso. It also holds interests in the Toega Gold Project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Austr… Read more