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Way 2 Vat Ltd (ASX:W2V)

ALERT: Price-sensitive ASX Announcement for W2V
Current share price for W2V : $0.057 0.048 (533.33%)+
Announcement
Release
30 Oct 2025 9:11AM
Price at Release
$0.009
Full Release
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Summary
Way2VAT Ltd reported a transformational quarter ending 30 September 2025, marked by the successful acquisition of RBC VAT Limited and achieving record quarterly revenue of $1.89 million, up 34% from the previous period. The company raised $4.1 million and increased its cash receipts by 5% from the prior quarter, while accounts receivable grew to $6 million. The acquisition expanded their client base significantly, and plans are underway for integrations aimed at reducing costs and boosting revenue. Way2VAT continues to lead in automated VAT/GST claim solutions internationally.
Key Points
  • Way2VAT Ltd completed the acquisition of RBC VAT Limited on 30 September 2025.
  • They reported a record quarterly revenue of $1.89 million, which is a 34% increase from the previous year's corresponding period.
  • The company raised $4.1 million through a placement.
  • There was a 5% increase in cash receipts from the last quarter, totaling $977,000.
  • Accounts Receivable increased to $6 million by 30 September 2025.
  • The acquisition of RBC VAT Limited expanded Way2VAT’s enterprise client base from 414 to 489.
  • Way2VAT is focusing on integrating RBC into its operations to achieve a 10% cost saving and a 20% revenue growth.
  • The company is a global leader in automated VAT/GST claim solutions, operating in over 40 countries.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.