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WAY 2 VAT LTD
(Sydney:W2V)
WAY 2 VAT LTD (W2V) vs. iShares MSCI Australia ETF (EWA)
WAY 2 VAT LTD Business Overview & Revenue Model
WAY 2 VAT LTD Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.01M | 2.05M | 1.30M | 1.32M | 1.03M | Gross Profit |
| 2.47M | 1.62M | 1.00M | 1.05M | 857.00K | EBIT |
| -3.68M | -4.27M | -4.60M | -5.07M | -3.29M | EBITDA |
| -2.99M | -3.74M | -4.34M | -4.54M | -3.23M | Net Income Common Stockholders |
| -3.62M | -4.25M | -4.79M | -8.39M | -2.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 76.00K | 493.00K | 1.03M | 3.13M | 7.62M | Total Assets |
| 4.48M | 4.15M | 4.51M | 5.18M | 9.27M | Total Debt |
| 2.22M | 1.90M | 952.00K | 235.00K | 1.09M | Net Debt |
| 2.15M | 1.41M | -78.00K | -2.90M | -6.54M | Total Liabilities |
| 5.80M | 5.15M | 4.31M | 2.36M | 2.57M | Stockholders Equity |
| -1.32M | -1.00M | 207.00K | 2.82M | 6.69M |
| Cash Flow | Free Cash Flow | |||
| -3.62M | -3.74M | -4.62M | -4.11M | -2.74M | Operating Cash Flow |
| -3.60M | -3.80M | -4.61M | -4.08M | -2.68M | Investing Cash Flow |
| -16.00K | -5.00K | -9.00K | -29.00K | -56.00K | Financing Cash Flow |
| 3.10M | 3.07M | 1.92M | 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $11.80B | 10.37 | -7.29% | 2.91% | 7.39% | -7.96% | |
41 Neutral | ― | -2883.97% | ― | 47.36% | 53.79% | ||
| $18.83B | 139.68 | 12.98% | ― | ― | ― | ||
| €32.26M | 9.83 | 21.21% | 6.51% | ― | ― | ||
55 Neutral | $176.66M | ― | -33.75% | ― | -11.19% | -174.51% | |
39 Underperform | AU$44.60M | ― | -131.93% | ― | 15.31% | 61.52% |
WAY 2 VAT LTD Corporate Events
Way2VAT Limited has announced a change in its presentation currency from USD to AUD, aligning with its listing on the ASX. This transition aims to provide investors and stakeholders with a clearer understanding of the company’s financial performance. The change will take effect from the half-year financial report ending on June 30, 2025, and will include restated historical financial data for comprehensive analysis.
WAY 2 VAT LTD has announced a proposed issue of 285,714,281 ordinary fully paid securities, with the issue date set for June 5, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially enhance its market presence, which could have significant implications for its stakeholders and industry standing.
Way2VAT Ltd has successfully raised A$2 million through a placement, receiving strong support from both new and existing investors. The funds will be utilized for working capital and reducing short-term bank debt, supporting the company’s growth trajectory and pathway to profitability. The placement was well-received, indicating confidence in Way2VAT’s business momentum and strategic direction.
Way 2 Vat Ltd has announced a trading halt on its securities pending an upcoming announcement related to a proposed capital raising. The halt will remain until the announcement is made or normal trading resumes on June 2, 2025, indicating a strategic financial move that could impact its market operations.
Way2VAT Ltd has entered into a contract with global real estate company JLL, which will utilize Way2VAT’s automated VAT claim and recovery solutions and its AI-driven APAI compliance platform. This partnership is expected to significantly impact Way2VAT’s revenue, as JLL will be a major client, leveraging the company’s technology for VAT recovery and compliance audits across approximately 25 JLL entities worldwide.
Way2VAT Limited has announced that De Silva Investments (AUST) Pty Ltd, along with its associated entities, has become a substantial holder in the company as of May 16, 2025. This development indicates that De Silva Investments now holds a 6.88% voting power in Way2VAT Limited, which could influence the company’s decision-making processes and strategic direction. The acquisition of shares was primarily through the conversion of convertible notes into fully paid ordinary shares, suggesting a strategic investment move by De Silva Investments.
Way2VAT Limited announced an upcoming investor webinar where CEO Amos Simantov will discuss the company’s AI-powered technology platform and expanding product suite. This event signifies Way2VAT’s commitment to transparency and engagement with stakeholders, potentially strengthening its market position and enhancing investor confidence.
De Silva Investments (AUST) Pty Ltd and De Silva Super Nominees Pty Ltd have become substantial holders in Way2VAT Limited, a company identified by the ACN 637 709 114. As of May 16, 2025, these entities collectively hold 91,709,440 fully paid ordinary shares, representing a 6.49% voting power in the company. This acquisition was achieved through the conversion of convertible notes into fully paid ordinary shares, with no cash consideration involved.
Way2VAT Ltd, a company listed on the ASX, has experienced a change in the interests of its substantial holder, TIGA Trading Pty Ltd. The change, effective from May 16, 2025, involved the conversion of convertible notes, resulting in an increase in the number of voting shares held by TIGA Trading Pty Ltd and associated entities, although their overall voting power decreased from 16.98% to 14.99%. This shift in shareholding dynamics could impact the company’s strategic decisions and influence within the market.
Thorney Technologies Ltd has announced a change in its substantial holding in Way2VAT Limited, a company listed on the ASX. The change involves the conversion of convertible notes, resulting in an increase in the number of ordinary shares held by Thorney Technologies Ltd and its associated entities. This change affects the voting power of Thorney Technologies Ltd in Way2VAT Limited, decreasing from 16.98% to 14.99%.
WAY 2 VAT LTD has announced a significant change in the shareholding of its director, David Buckingham, who has acquired 5,275,445 additional ordinary shares. This acquisition, approved at the recent General Meeting, increases his total holdings to 9,884,913 shares, potentially strengthening his influence in the company and reflecting confidence in its strategic direction.
WAY 2 VAT LTD has announced a change in the director’s interest in securities, specifically involving Adoram Ga’ash. The change includes the acquisition of 4,886,154 ordinary shares and an internal transfer of 3,533,159 shares from Moneta Seeds LP to AMGH Synergia 2014 Ltd for administrative purposes, which did not alter the director’s beneficial interest.
WAY 2 VAT LTD has announced a change in the director’s interest, specifically involving Robert Edgley. The change involves the issuance of 527,545 ordinary shares to Edgley, following shareholder approval at the General Meeting on May 12, 2025. This adjustment increases Edgley’s direct holding to 4,990,110 fully paid ordinary shares, while his indirect interests remain unchanged. This move could potentially impact the company’s governance and stakeholder confidence, as it reflects shareholder support and director alignment with company interests.
Way2VAT Limited has announced the issuance of 478,857,967 fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This move signifies the company’s compliance with relevant provisions of the Corporations Act and suggests a strategic step in its financial operations, potentially impacting its market positioning and stakeholder interests.
WAY 2 VAT LTD has announced the quotation of 468,168,823 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 16, 2025. This move is expected to enhance the company’s market presence and provide additional capital to support its growth strategies, potentially impacting its operations and stakeholder interests positively.
Way2VAT Ltd reported a 54% increase in quarterly revenue to $1.05 million for Q1 FY25, despite it being the weakest quarter for revenue due to the absence of tax deadlines. The company attributes this growth to onboarding new clients, processing historical VAT claims, and increased volumes with existing clients. Notably, Way2VAT has secured a contract with a multinational real estate services company, which will cover VAT reclaim and APAI compliance for approximately 130 entities, and has expanded its enterprise client base to 409.
WAY 2 VAT LTD. has announced the issuance of 2,000,000 unquoted securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move signifies the company’s efforts to incentivize its workforce, potentially impacting its operational dynamics and market positioning by aligning employee interests with corporate growth objectives.
WAY 2 VAT LTD. announced an update regarding its recent fundraising efforts through the issuance of Convertible Notes. The company initially planned to raise $1.3 million but received $1.25 million due to one investor’s withdrawal. Despite this, the company does not view the shortfall as material, indicating confidence in its financial strategy.
WAY 2 VAT LTD has announced the cessation of certain securities, specifically 2,000,000 options that have lapsed due to unmet conditions. This development may impact the company’s financial structuring and market perception, as it reflects on the company’s ability to meet certain operational benchmarks.
Way2VAT Ltd has announced a general meeting for its shareholders, scheduled to be held virtually on May 12, 2025. The meeting will address various resolutions, including the ratification of Tranche 2 Placement Shares issued under Listing Rule 7.1. Shareholders are encouraged to vote by proxy if unable to attend, and updates will be provided through the ASX Market Announcements Platform if arrangements change.
Way 2 Vat Ltd has released its 2025 Corporate Governance Statement, detailing its compliance with the ASX Corporate Governance Council’s Principles and Recommendations. The statement highlights the company’s commitment to strategic guidance, oversight of management, and risk management. It also addresses the company’s diversity policy, noting progress in setting measurable objectives for gender diversity, although specific targets have not yet been established. This announcement underscores Way 2 Vat Ltd’s dedication to maintaining robust governance practices, which is crucial for its stakeholders and market positioning.
Way 2 Vat Ltd has released its Annual Report for 2024, highlighting key operational and strategic updates. The report includes changes in the board of directors, with David Assia resigning in August 2024, and outlines the company’s ongoing commitment to enhancing its VAT recovery services. This announcement may impact the company’s market positioning by reinforcing its dedication to improving financial technology solutions for stakeholders.