Way2VAT Achieves Record Revenue in Q2 FY25 Driven by New and Existing Client Growth

WAY 2 VAT LTD ( (AU:W2V) ) has provided an announcement.

Way2VAT Ltd reported record revenue of $1.65 million for Q2 FY25, marking a 50% increase from the previous year and a 57% rise from the last quarter. This growth is attributed to new client activities, particularly with JLL, and increased engagement with existing clients like Solenis Chemical and Tik Tok. The expansion of the JLL contract to cover 77 entities and the successful processing of VAT reclaims for Tik Tok and other clients have significantly contributed to the company’s revenue. The company anticipates continued growth in the second half of the year due to seasonally stronger demand for VAT reclaim services.

More about WAY 2 VAT LTD

Way2VAT Ltd is a global fintech leader specializing in automated VAT claim and return solutions. The company focuses on providing value-added products alongside its VAT Reclaim services, catering to a growing enterprise client base.

Technical Sentiment Signal: Sell

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