WESTERN MINING CO. LTD.

WESTERN MINING CO. LTD. — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	50.0B	42.7B	40.2B	38.5B	28.7B	30.6B	28.8B	28.2B	27.8B	26.8B	24.2B	25.3B	19.8B	21.3B	18.5B	16.9B	12.6B	8.7B	8.2B	4.6B
Revenue Growth %	17.0%	6.2%	4.5%	34.3%	-6.2%	6.2%	2.1%	1.5%	3.8%	10.4%	-4.1%	27.4%	-6.8%	14.9%	9.6%	33.8%	44.9%	5.9%	78.1%	--
Total Revenue	50.0B	42.7B	40.2B	38.5B	28.7B	30.6B	28.8B	28.2B	27.8B	26.8B	24.2B	25.3B	19.8B	21.3B	18.5B	16.9B	12.6B	8.7B	8.2B	4.6B
Cost Of Revenue	40.1B	35.0B	32.5B	30.4B	24.7B	26.8B	25.3B	24.9B	26.1B	25.4B	22.8B	24.0B	18.6B	19.0B	16.3B	15.1B	11.1B	5.5B	5.3B	3.4B
+Gross Profit	10.0B	7.7B	7.7B	8.1B	4.0B	3.7B	3.4B	3.3B	1.7B	1.3B	1.5B	1.3B	1.3B	2.3B	2.2B	1.8B	1.5B	3.2B	2.9B	1.2B
Gross Margin %	19.9%	18.0%	19.1%	21.0%	14.0%	12.2%	12.0%	11.6%	6.1%	5.0%	6.1%	5.2%	6.4%	10.8%	12.0%	10.5%	11.9%	36.5%	35.5%	25.9%
Total Operating Cost	44.0B	38.1B	35.6B	33.3B	26.8B	29.2B	29.9B	27.1B	27.5B	26.4B	24.0B	25.2B	20.5B	20.5B	17.6B	16.0B	12.5B	6.5B	6.2B	4.0B
Selling Expenses	32.5M	31.8M	28.4M	33.4M	30.7M	181.0M	141.0M	74.9M	81.5M	96.5M	141.0M	148.0M	159.0M	168.0M	136.0M	139.0M	147.0M	122.0M	132.0M	90.7M
Admin Expenses	1.0B	911.0M	785.0M	772.0M	649.0M	601.0M	658.0M	632.0M	530.0M	507.0M	623.0M	693.0M	785.0M	824.0M	815.0M	523.0M	622.0M	590.0M	435.0M	321.0M
Rd Expenses	621.0M	574.0M	400.0M	294.0M	153.0M	123.0M	31.6M	30.8M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	766.0M	822.0M	870.0M	950.0M	810.0M	929.0M	660.0M	400.0M	272.0M	282.0M	277.0M	203.0M	306.0M	303.0M	243.0M	191.0M	155.0M	167.0M	176.0M	138.0M
+Operating Income	6.1B	5.1B	5.5B	5.0B	1.7B	1.4B	-2.0B	857.0M	230.0M	165.0M	445.0M	755.0M	-138.0M	1.1B	1.3B	770.0M	631.0M	2.3B	2.0B	643.0M
Operating Margin %	12.2%	11.9%	13.6%	13.1%	6.0%	4.6%	-7.0%	3.0%	0.8%	0.6%	1.8%	3.0%	-0.7%	5.2%	6.8%	4.6%	5.0%	26.5%	24.7%	13.9%
Non Operating Income	58.9M	22.2M	172.0M	102.0M	53.7M	151.0M	112.0M	7.7M	30.6M	90.9M	56.5M	39.8M	48.9M	113.0M	30.6M	70.6M	11.2M	22.2M	13.5M	298,200
Non Operating Expenses	189.0M	388.0M	19.8M	18.2M	117.0M	10.9M	38.0M	26.4M	13.5M	20.0M	22.4M	260.0M	37.7M	41.7M	90.8M	27.8M	57.7M	18.7M	52.9M	11.7M
Investment Income	-113.0M	322.0M	652.0M	-189.0M	-296.0M	30.2M	-930.0M	-167.0M	-74.4M	-192.0M	118.0M	705.0M	518.0M	290.0M	324.0M	-105.0M	500.0M	25.6M	28.5M	19.8M
Fair Value Change Income	153.0M	73.0M	119.0M	-1.7M	39.0M	102,600	25.1M	-57.6M	49.1M	-19.9M	70.3M	-45.6M	-10.6M	28.9M	-14.9M	-31.9M	14.0M	66.4M	-66.4M	--
Asset Disposal Income	225,600	205,100	-5.1M	124,500	10.7M	12.9M	30.4M	-24.0M	7.8M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	562.0M	54.8M	220.0M	59.8M	11.5M	132.0M	2.8B	732.0M	400.0M	44.3M	130.0M	122.0M	615.0M	125.0M	27.7M	-37.6M	404.0M	22.6M	73.2M	3.3M
Other Income	78.4M	86.1M	51.8M	29.6M	46.6M	25.3M	31.9M	44.7M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	6.0B	4.7B	5.6B	5.1B	1.6B	1.5B	-1.9B	839.0M	247.0M	236.0M	479.0M	535.0M	-127.0M	1.2B	1.2B	813.0M	584.0M	2.3B	2.0B	631.0M
Income Tax	699.0M	486.0M	578.0M	564.0M	305.0M	197.0M	-122.0M	278.0M	146.0M	129.0M	138.0M	156.0M	90,100	304.0M	178.0M	188.0M	19.9M	453.0M	393.0M	110.0M
+Net Income	5.3B	4.2B	5.0B	4.6B	1.3B	1.3B	-1.8B	561.0M	102.0M	107.0M	340.0M	379.0M	-127.0M	876.0M	1.0B	624.0M	564.0M	1.9B	1.6B	522.0M
Net Margin %	10.6%	9.9%	12.5%	11.8%	4.7%	4.4%	-6.3%	2.0%	0.4%	0.4%	1.4%	1.5%	-0.6%	4.1%	5.5%	3.7%	4.5%	21.3%	19.5%	11.3%
Net Income Attributable	2.9B	2.8B	3.4B	2.9B	907.0M	1.0B	-2.1B	473.0M	99.8M	30.4M	290.0M	350.0M	42.5M	859.0M	989.0M	602.0M	557.0M	1.7B	1.5B	524.0M
Minority Interest	2.4B	1.4B	1.6B	1.6B	437.0M	339.0M	249.0M	87.9M	1.7M	77.1M	50.3M	29.5M	-170.0M	17.7M	26.0M	22.8M	7.2M	115.0M	60.9M	-2.7M
Eps Basic	1.23	1.17	1.43	1.23	0.38	0.42	-0.86	0.20	0.04	0.01	0.12	0.15	0.02	0.36	0.42	0.25	0.23	0.81	0.80	1.64
Eps Diluted	--	--	1.43	1.23	0.38	0.42	-0.86	0.20	0.04	0.01	0.12	0.15	0.02	0.36	--	--	--	--	--	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	4.1B	5.4B	6.5B	6.4B	6.3B	7.2B	5.1B	4.4B	5.5B	6.1B	4.0B	6.2B	4.8B	5.9B	5.6B	3.6B	5.0B	6.1B	1.6B	868.0M
Trading Financial Assets	280.0M	13.2M	1.3M	813.0M	209.0M	456.0M	5.3M	100.0M	85.0M	--	6.2M	3.0M	13.4M	15.7M	2.4M	30.1M	15.5M	--	--	--
Accounts Receivable	127.0M	290.0M	198.0M	382.0M	328.0M	266.0M	72.7M	65.3M	27.4M	116.0M	614.0M	2.0B	2.8B	2.9B	1.6B	1.7B	492.0M	279.0M	354.0M	163.0M
Notes Receivable	213.0M	348.0M	651.0M	593.0M	--	--	--	60.4M	42.0M	34.3M	4.9M	54.4M	88.4M	239.0M	205.0M	40.1M	132.0M	121.0M	93.3M	9.9M
Notes And Accounts Receivable	339.0M	639.0M	849.0M	975.0M	328.0M	266.0M	72.7M	126.0M	69.4M	151.0M	618.0M	2.0B	2.9B	3.2B	1.8B	1.7B	625.0M	400.0M	447.0M	173.0M
Prepayments	155.0M	65.6M	203.0M	116.0M	327.0M	521.0M	295.0M	287.0M	348.0M	291.0M	382.0M	612.0M	670.0M	997.0M	485.0M	432.0M	410.0M	226.0M	460.0M	402.0M
Inventory	5.1B	3.2B	3.5B	3.2B	3.2B	3.6B	4.2B	1.9B	1.3B	992.0M	1.5B	1.4B	1.7B	2.0B	1.4B	1.2B	1.0B	1.2B	1.2B	630.0M
Total Current Assets	13.3B	11.4B	15.5B	14.5B	14.0B	16.7B	14.1B	11.2B	12.3B	10.4B	8.9B	11.9B	12.1B	13.0B	10.1B	7.4B	7.5B	8.4B	4.3B	2.3B
Long Term Equity Investment	4.2B	4.4B	4.7B	1.1B	1.2B	1.3B	938.0M	4.6B	5.2B	4.8B	5.0B	5.3B	2.4B	2.4B	2.1B	2.0B	1.7B	183.0M	297.0M	447.0M
Fixed Assets	--	22.6B	22.5B	21.2B	21.7B	13.2B	13.1B	8.2B	7.2B	4.1B	3.3B	3.8B	5.6B	6.0B	5.8B	5.6B	5.4B	4.6B	2.7B	1.9B
Fixed Assets Total	26.4B	22.6B	22.5B	21.2B	21.7B	13.2B	13.1B	8.2B	7.2B	4.1B	3.3B	3.8B	5.6B	6.0B	5.8B	5.6B	5.4B	4.6B	2.7B	1.9B
Construction In Progress	--	1.8B	945.0M	1.4B	2.2B	5.3B	3.7B	4.4B	4.1B	5.7B	5.0B	3.7B	2.8B	2.2B	1.7B	1.4B	839.0M	922.0M	1.4B	1.5B
Construction In Progress Total	1.5B	1.8B	945.0M	1.4B	2.2B	5.3B	3.7B	4.4B	4.1B	5.7B	5.0B	3.7B	2.8B	2.2B	1.7B	1.4B	839.0M	922.0M	1.4B	1.5B
Intangible Assets	6.1B	6.4B	6.2B	5.9B	5.7B	5.5B	5.4B	2.9B	1.8B	1.9B	1.8B	1.8B	2.1B	2.5B	2.4B	1.9B	1.6B	1.4B	429.0M	539.0M
Long Term Deferred Expenses	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Assets	41.6B	40.7B	38.0B	35.4B	35.0B	27.8B	25.8B	22.6B	19.9B	18.1B	16.9B	16.2B	14.1B	13.5B	12.4B	11.7B	9.9B	7.4B	4.9B	4.5B
Total Assets	54.9B	52.1B	53.5B	49.9B	49.0B	44.5B	39.8B	33.9B	32.2B	28.6B	25.8B	28.2B	26.1B	26.5B	22.5B	19.1B	17.4B	15.8B	9.2B	6.7B
Short Term Borrowings	3.2B	5.7B	6.5B	7.2B	6.7B	8.7B	8.7B	3.4B	4.3B	3.6B	4.2B	5.7B	4.1B	4.1B	2.0B	2.0B	2.0B	1.5B	2.3B	2.0B
Accounts Payable	2.8B	2.2B	2.5B	1.7B	1.0B	1.1B	1.1B	571.0M	582.0M	559.0M	500.0M	454.0M	734.0M	777.0M	686.0M	345.0M	214.0M	146.0M	136.0M	147.0M
Advance Receipts	--	--	--	--	--	281.0M	190.0M	459.0M	199.0M	82.4M	85.0M	166.0M	258.0M	310.0M	147.0M	204.0M	63.9M	90.7M	67.1M	185.0M
Contract Liabilities	612.0M	226.0M	428.0M	192.0M	318.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	14.3B	15.3B	20.0B	17.4B	19.4B	18.1B	18.8B	12.1B	13.9B	10.9B	7.3B	10.7B	7.9B	7.4B	8.9B	5.2B	3.9B	3.5B	4.8B	3.5B
Long Term Borrowings	15.7B	13.6B	10.0B	11.3B	8.9B	5.9B	4.5B	4.6B	2.8B	2.9B	2.1B	1.2B	1.9B	2.0B	1.0B	2.1B	2.5B	1.4B	1.1B	1.3B
Total Non Current Liabilities	17.9B	16.4B	12.9B	14.2B	13.5B	12.0B	9.4B	7.7B	5.1B	5.3B	6.5B	5.5B	6.3B	6.7B	1.7B	2.8B	2.8B	1.5B	1.2B	1.3B
Total Liabilities	32.2B	31.7B	32.9B	31.7B	32.9B	30.1B	28.2B	19.8B	19.0B	16.1B	13.8B	16.2B	14.2B	14.1B	10.6B	8.0B	6.7B	5.1B	5.9B	4.8B
Paid In Capital	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	2.4B	321.0M	321.0M
Capital Reserve	5.0B	5.0B	5.4B	5.5B	6.1B	5.4B	5.4B	6.3B	5.4B	5.3B	5.3B	5.4B	5.4B	5.5B	5.5B	5.5B	5.6B	5.6B	394.0M	394.0M
Surplus Reserve	1.2B	1.2B	1.0B	589.0M	544.0M	544.0M	544.0M	544.0M	544.0M	510.0M	500.0M	479.0M	475.0M	475.0M	427.0M	370.0M	367.0M	277.0M	226.0M	190.0M
Retained Earnings	8.2B	6.4B	7.1B	4.6B	2.0B	1.5B	487.0M	2.8B	2.9B	3.0B	3.1B	3.0B	2.9B	3.1B	2.7B	2.0B	1.7B	1.9B	1.7B	646.0M
Minority Equity	5.7B	5.1B	4.4B	5.0B	4.8B	4.4B	2.7B	1.8B	1.7B	1.1B	675.0M	642.0M	661.0M	852.0M	748.0M	746.0M	724.0M	559.0M	630.0M	402.0M
Equity Attributable	17.1B	15.3B	16.2B	13.3B	11.3B	10.0B	9.0B	12.3B	11.5B	11.4B	11.4B	11.4B	11.3B	11.5B	11.1B	10.4B	10.0B	10.2B	2.7B	1.6B
Total Equity	22.8B	20.3B	20.7B	18.3B	16.1B	14.4B	11.6B	14.1B	13.2B	12.4B	12.0B	12.0B	11.9B	12.4B	11.9B	11.1B	10.8B	10.7B	3.3B	2.0B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	57.4B	46.8B	45.7B	43.7B	32.6B	34.2B	33.4B	32.8B	34.2B	32.5B	29.3B	30.4B	23.9B	23.9B	20.6B	18.7B	14.8B	10.8B	9.2B	5.9B
Tax Refunds Received	180.0M	45.0M	339.0M	52.2M	200.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	7.1M	17.0M
Total Operating Cash Inflow	58.4B	47.9B	49.2B	44.1B	32.9B	35.1B	33.6B	33.3B	35.5B	32.7B	29.7B	31.0B	25.3B	23.9B	20.7B	18.7B	14.8B	10.8B	9.2B	5.9B
Cash Paid For Goods	44.5B	36.7B	34.0B	31.6B	25.3B	27.1B	27.9B	28.8B	29.0B	27.1B	24.1B	26.3B	20.8B	22.9B	17.2B	16.7B	12.6B	6.5B	7.1B	4.5B
Cash Paid To Employees	1.2B	1.1B	996.0M	947.0M	798.0M	893.0M	763.0M	655.0M	649.0M	735.0M	676.0M	682.0M	528.0M	573.0M	440.0M	400.0M	491.0M	450.0M	233.0M	234.0M
Taxes Paid	3.2B	2.3B	2.6B	2.0B	1.4B	1.4B	1.4B	1.1B	598.0M	517.0M	502.0M	823.0M	929.0M	999.0M	822.0M	763.0M	1.1B	968.0M	479.0M	245.0M
Total Operating Cash Outflow	50.1B	41.6B	38.9B	36.2B	29.6B	31.2B	33.0B	31.9B	32.8B	30.2B	28.1B	29.4B	23.8B	25.1B	18.9B	18.3B	14.6B	8.2B	8.1B	5.1B
Operating Cash Flow	8.2B	6.2B	10.3B	8.0B	3.3B	3.9B	626.0M	1.4B	2.7B	2.4B	1.6B	1.7B	1.4B	-1.2B	1.8B	417.0M	185.0M	2.7B	1.1B	786.0M
Total Investing Cash Inflow	691.0M	1.2B	2.2B	4.3B	2.3B	5.9B	6.9B	7.9B	1.4B	1.3B	1.4B	1.4B	671.0M	1.2B	361.0M	694.0M	816.0M	515.0M	1.1B	48.2M
Total Investing Cash Outflow	4.4B	4.3B	6.0B	7.4B	7.8B	9.3B	11.9B	9.4B	4.3B	2.3B	2.2B	3.6B	3.0B	1.6B	2.0B	2.7B	2.8B	2.3B	2.3B	1.7B
Investing Cash Flow	-3.7B	-3.1B	-3.7B	-3.1B	-5.5B	-3.4B	-4.9B	-1.5B	-2.9B	-928.0M	-814.0M	-2.1B	-2.3B	-406.0M	-1.6B	-2.0B	-2.0B	-1.8B	-1.1B	-1.6B
Cash From Borrowings	8.1B	13.2B	10.1B	10.6B	11.1B	15.6B	10.9B	8.4B	9.0B	7.4B	9.8B	10.9B	7.9B	9.6B	5.5B	4.7B	5.0B	2.2B	4.9B	3.1B
Dividends And Interest Paid	3.7B	4.9B	2.7B	1.7B	1.4B	1.0B	1.0B	644.0M	763.0M	668.0M	644.0M	684.0M	842.0M	760.0M	529.0M	453.0M	972.0M	612.0M	584.0M	264.0M
Debt Repayments	9.1B	11.6B	11.7B	11.2B	8.7B	16.2B	6.0B	8.4B	10.4B	7.2B	11.8B	8.9B	7.7B	11.0B	7.0B	4.9B	3.7B	3.6B	3.8B	1.8B
Total Financing Cash Inflow	8.1B	13.2B	10.1B	10.6B	11.2B	18.9B	11.7B	8.5B	10.5B	8.4B	9.8B	10.9B	7.9B	13.8B	9.0B	5.7B	5.3B	8.4B	4.9B	3.1B
Total Financing Cash Outflow	14.0B	16.9B	15.7B	14.9B	10.1B	17.8B	7.8B	9.4B	11.2B	7.8B	12.4B	9.6B	8.6B	11.8B	7.6B	5.4B	4.7B	4.4B	4.4B	2.1B
Financing Cash Flow	-5.9B	-3.7B	-5.7B	-4.3B	1.1B	1.1B	3.9B	-814.0M	-611.0M	618.0M	-2.6B	1.4B	-668.0M	2.0B	1.4B	281.0M	571.0M	4.1B	478.0M	1.1B
Net Change In Cash	-1.3B	-499.0M	908.0M	558.0M	-1.1B	1.5B	-405.0M	-936.0M	-761.0M	2.1B	-1.8B	898.0M	-1.5B	436.0M	1.6B	-1.3B	-1.3B	4.9B	440.0M	223.0M
Ending Cash Balance	3.3B	4.6B	5.1B	4.2B	3.7B	4.8B	3.3B	3.7B	4.6B	5.3B	3.2B	5.0B	4.1B	5.6B	5.2B	3.6B	4.9B	6.1B	1.2B	778.0M
Capex	3.3B	2.9B	1.9B	3.1B	4.7B	2.8B	3.9B	1.4B	1.5B	1.3B	1.1B	1.8B	1.8B	1.1B	1.3B	1.7B	1.3B	1.7B	1.4B	1.3B