WAY 2 VAT LTD (W2V) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 3.22M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: 53.50%
• EPS Growth: 55.34%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 2,129,946,300
• 10 Day Avg. Volume: 3,217,283
• 30 Day Avg. Volume: 3,217,283
• PEG Ratio: 0.02
• Price to Book (P/B): -3.82
• Price to Sales (P/S): 1.68
• P/FCF Ratio: -1.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ―

WAY 2 VAT LTD faces significant financial challenges, with ongoing net losses and high leverage as major concerns. While revenue growth is a positive factor, the lack of profitability and financial instability weigh heavily on the stock's prospects. Technical indicators are neutral due to insufficient data, and valuation metrics suggest potential overvaluation. Investors should be cautious given the current financial health and lack of clear technical trends.

WAY 2 VAT LTD Business Overview & Revenue Model

Company Description

Way 2 Vat Ltd, a fintech company, provides VAT/ GST claim and return solutions worldwide. The company owns and operates automated end-to-end VAT reclaim platform. Its services include foreign and local VAT reclaim for companies, foreign VAT reclaim on account payable invoices; and VAT compliance for companies. Way 2 Vat Ltd was incorporated in 2014 and is based in Tel Aviv, Israel.

How the Company Makes Money

WAY 2 VAT LTD generates revenue primarily through service fees charged for VAT recovery and consultancy services. The company may charge a percentage of the VAT reclaimed as a commission, creating a performance-based revenue model that aligns its interests with those of its clients. Additionally, W2V offers subscription-based software solutions that allow businesses to manage their VAT processes in-house, providing another key revenue stream. Partnerships with accounting firms and tax advisors can also contribute to its earnings by expanding its client base and offering complementary services.

WAY 2 VAT LTD Financial Statement Overview

Summary

WAY 2 VAT LTD shows substantial revenue growth but continues to struggle with profitability and financial stability. Persistent net losses, high leverage, and negative equity pose significant risks to long-term viability, overshadowing the positive gross profit margin.

Income Statement

WAY 2 VAT LTD shows significant revenue growth, increasing from 408,000 in 2019 to 3,007,000 in 2024. However, the company consistently incurs net losses, with a negative net profit margin and deteriorating EBIT and EBITDA margins. The gross profit margin remains positive, suggesting the company can cover direct costs, but high operational expenses lead to overall losses.

Balance Sheet

The balance sheet reveals high leverage, with a negative stockholders' equity and increasing debt levels, leading to a worsening debt-to-equity ratio. The negative equity ratio indicates financial instability. The return on equity is also negative, reflecting ongoing losses. However, the company maintains some liquidity with cash and cash equivalents, though significantly reduced over recent years.

Cash Flow

Operating cash flow remains negative, indicating cash outflows from core operations. Free cash flow is similarly negative, limiting reinvestment capabilities. Financing activities provide some relief, with positive cash inflow due to funding activities. However, the company's reliance on external financing poses risks, especially given the ongoing operational cash deficits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.68M	3.01M	2.05M	1.30M	1.32M	1.03M
Gross Profit	2.28M	2.47M	1.62M	1.00M	1.05M	857.00K
EBITDA	-2.03M	-2.99M	-3.74M	-4.34M	-4.54M	-3.23M
Net Income	-2.71M	-3.62M	-4.25M	-4.56M	-6.38M	-2.30M
Balance Sheet
Total Assets	5.86M	4.48M	4.15M	4.51M	5.18M	9.27M
Cash, Cash Equivalents and Short-Term Investments	567.99K	76.00K	493.00K	1.03M	3.13M	7.62M
Total Debt	2.17M	2.22M	1.90M	952.00K	235.00K	1.09M
Total Liabilities	5.74M	5.80M	5.15M	4.31M	2.36M	2.58M
Stockholders Equity	116.49K	-1.32M	-1.00M	207.00K	2.82M	6.69M
Cash Flow
Free Cash Flow	-3.61M	-3.62M	-3.81M	-4.62M	-4.11M	-2.74M
Operating Cash Flow	-3.60M	-3.60M	-3.80M	-4.61M	-4.08M	-2.68M
Investing Cash Flow	-11.66K	-16.00K	-5.00K	-9.00K	-29.00K	-56.00K
Financing Cash Flow	2.06M	3.10M	3.13M	1.51M	5.30M	2.00M

WAY 2 VAT LTD Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KNO	45 Neutral	AU$6.92M	-4.44	-23.31%	―	2.15%	-900.00%
W2V	41 Neutral	―	-2.17	-2883.97%	―	53.50%	55.34%
SPX	37 Underperform	AU$14.59M	―	-97.38%	―	106.21%	-60.61%
EAT	32 Underperform	AU$26.92M	-2.76	―	―	12.88%	-22.58%
PIL	21 Underperform	AU$10.04M	―	―	―	-64.36%	57.89%

WAY 2 VAT LTD Corporate Events

WAY 2 VAT LTD Announces Cessation of 1.5 Million Securities

WAY 2 VAT LTD announced the cessation of 1,500,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.

WAY 2 VAT LTD. Issues 2 Million Unquoted Equity Securities

WAY 2 VAT LTD. has announced the issuance of 2,000,000 unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its employees and align their interests with the company’s growth objectives, potentially enhancing its operational efficiency and market competitiveness.

WAY 2 VAT LTD Issues Shares as Employee Bonus for Revenue Target Achievement

WAY 2 VAT LTD has announced the issuance of 2,962,500 ordinary fully paid shares to an employee as part of a bonus for achieving 2024 revenue targets. This move reflects the company’s commitment to rewarding performance and could potentially enhance its market positioning by demonstrating strong financial health and growth potential.

Way2VAT Issues New Shares to Bolster Financial Position

Way2VAT Limited has issued 424,375,000 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001. This strategic move is in compliance with relevant legal provisions and indicates the company’s ongoing efforts to enhance its financial standing and operational capabilities, potentially impacting its market positioning and stakeholder interests.

WAY 2 VAT LTD Announces Quotation of New Securities on ASX

WAY 2 VAT LTD has announced the application for quotation of 424,375,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction and is expected to enhance the company’s market presence and liquidity, potentially impacting its financial standing and offering new opportunities for stakeholders.

Way2VAT Expands Through RBC VAT Acquisition

Way2VAT Limited is set to host an investor webinar to discuss its acquisition of RBC VAT Limited and the expansion of its product suite. This strategic move is expected to enhance Way2VAT’s market position by broadening its service offerings, potentially impacting its operations and stakeholder interests positively.

Way2VAT Issues Over 3 Million New Shares

Way2VAT Limited has announced the issuance of 3,139,046 fully paid ordinary shares without disclosure to investors, in compliance with relevant sections of the Corporations Act. This move is part of the company’s strategic financial operations, potentially impacting its market positioning and shareholder value.

WAY 2 VAT LTD Announces Quotation of New Securities on ASX

WAY 2 VAT LTD has announced the application for quotation of 3,139,046 ordinary fully paid securities on the ASX, with an issue date of September 19, 2025. This move is part of previously announced transactions and could enhance the company’s market presence by increasing its capital base, potentially impacting its operational capabilities and market positioning.

WAY 2 VAT LTD Accelerates Profitability with AI-Driven Tax Solutions

WAY 2 VAT LTD is executing a strategic business plan aimed at accelerating profitability by 2025, with a significant expansion of its total addressable market from $20 billion to $187 billion. The company’s focus on AI-driven digital tax processing positions it for high growth and competitive advantage in the industry.

WAY 2 VAT LTD Announces Proposed Securities Issue

WAY 2 VAT LTD has announced a proposed issue of securities, with a total of 587,500,000 new securities to be issued, including 75,000,000 options expiring in November 2028. This move is aimed at raising capital through a placement or other type of issue, which could potentially impact the company’s market positioning and provide additional resources for its operations.

Way2VAT Expands with Acquisition of RBC VAT Limited

Way2VAT Ltd has announced the acquisition of RBC VAT Limited, a UK-based VAT advisory and compliance specialist, as part of its growth strategy. This acquisition, valued at approximately $4 million, is expected to be earnings accretive from day one and will add significant revenue and EBITDA to Way2VAT’s financials. The acquisition will enhance Way2VAT’s offerings by integrating RBC VAT’s consulting capabilities and client base, thereby accelerating the company’s path to profitability and cash-flow positivity. The transaction also highlights Way2VAT’s commitment to both organic and inorganic growth, with strong investor support backing its global expansion vision.

Way 2 Vat Ltd Requests Trading Halt Ahead of Major Announcement

Way 2 Vat Ltd, listed on the Australian Securities Exchange, has requested a trading halt on its securities pending a forthcoming announcement. This halt will remain in effect until either the announcement is made or normal trading resumes on September 23, 2025. The trading halt indicates a significant forthcoming announcement that could impact the company’s operations or market position, creating anticipation among stakeholders.

Way2VAT Secures Shareholder Approval for Key Resolutions at AGM

Way2VAT Limited announced that all resolutions were passed at its 2025 Annual General Meeting, reflecting strong shareholder support. The approval of resolutions, including the re-election of a director and the ratification of placement shares, indicates a positive outlook for the company’s strategic initiatives and governance, potentially strengthening its market position.

WAY 2 VAT LTD Announces Director’s Interest Change

WAY 2 VAT LTD has announced a change in the director’s interest, specifically involving David Buckingham. The company disclosed that 2,000,000 unlisted options held indirectly by Buckingham lapsed unexercised, leaving his holdings unchanged at 9,884,913 ordinary shares. This update reflects a realignment of the director’s financial interests without altering the overall shareholding structure, potentially impacting stakeholders’ perception of the company’s governance and financial strategy.

WAY 2 VAT LTD Announces Director’s Change in Securities Interest

WAY 2 VAT LTD has announced a change in the interest of its director, Robert Edgley, involving the lapse of 2,000,000 unlisted options that were not exercised. This change does not affect the number of fully paid ordinary shares held by the director, which remains at 4,990,110. The lapse of these options may impact the director’s potential future gains from share options, but it does not alter the current shareholding structure.

Way2VAT Reports Strong Revenue Growth and Strategic Expansion in 1H FY25

Way2VAT Ltd reported a 43% increase in revenue to $2.49 million for the first half of the fiscal year 2025, driven by new client signings and expanded projects with existing clients. The company also launched a ‘Four Pillar’ growth strategy and reduced operating expenses by 7%, positioning itself for a strong second half of the year as it anticipates increased VAT reclaim activities coinciding with tax deadlines.

WAY 2 VAT LTD Reports Revenue Growth and Strategic Expansion in H1 FY25

WAY 2 VAT LTD reported a 43% increase in revenue for the first half of fiscal year 2025, driven by new client conversions and a significant contract with JLL, a global real estate company. Despite a net loss, the company reduced operating expenses by 7% and increased its gross profit margin to 82%, showcasing its ability to scale efficiently. The company also completed two funding rounds and extended a core financing facility, indicating strong financial backing and strategic growth initiatives.

Way2VAT Secures Extension of Key Financing Facility with Israeli Bank

Way2VAT Ltd has successfully extended its core financing facility with Israeli Bank Hapoalim for an additional 12 months, securing a loan of AUD$1.2 million until August 2026. This extension, backed by the company’s receivables, reflects the company’s stable financial position and supports its continued operations and growth in the fintech industry.

Way 2 VAT Ltd to Hold 2025 AGM Virtually

Way 2 VAT Ltd has announced its 2025 Annual General Meeting, which will be conducted virtually on September 18, 2025. This virtual format allows shareholders to participate in the meeting online, providing them with the opportunity to watch, listen, and vote through a platform powered by Automic. The company encourages shareholders to register for an Automic account to ensure smooth participation. This move reflects the company’s commitment to leveraging technology to engage with its stakeholders effectively.

Way2VAT Strengthens Governance with New Joint Company Secretary Appointment

Way2VAT Ltd has announced the appointment of Mr. Ju-Yup (‘Jonathan’) Lee as Joint Company Secretary, enhancing its corporate governance team. This strategic appointment is expected to strengthen Way2VAT’s compliance and governance capabilities, potentially impacting its operations positively and reinforcing its position in the fintech industry.

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

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.