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Way 2 Vat Ltd (ASX:W2V)

ALERT: Price-sensitive ASX Announcement for W2V
Current share price for W2V : $0.049 -0.024 (-32.88%)+
Announcement
Release
28 Apr 2026 8:27AM
Price at Release
$0.073
Full Release
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Summary
Way2VAT Ltd reported significant growth in revenue and cash receipts for Q1 FY26, with a 95% increase in quarterly revenue compared to the previous year. The company continued to expand its operations with the upcoming launch of an e-invoicing platform designed to address new regulations in Europe and APAC countries. Way2VAT also finalized its acquisition of RBC VAT Limited, which contributed to a 17% revenue increase. The company raised $2.6 million from investors to support its strategic growth initiatives and repay short-term debt facilities. Despite a cash usage in operations, Way2VAT remains focused on leveraging technology for VAT reclaim processes and exploring merger and acquisition opportunities.
Key Points
  • Way2VAT reported Q1 FY26 quarterly revenue of $2.05 million, up 95% from Q1 FY25.
  • Cash receipts increased by 106% to $1.7 million.
  • Accounts Receivable rose to approximately $7.5 million.
  • The company announced a new e-invoicing platform launch in Q2 FY26.
  • Way2VAT acquired RBC VAT Limited, enhancing revenue growth by 17%.
  • Way2VAT secured commitments to raise $2.6 million through share placements.
  • Net cash used in operating activities was $1.35 million.
  • The cash and cash equivalents at the end of the quarter were $594,000.
  • The company has engaged with Bank Hapoalim for financing facilities to support growth.
  • Way2VAT plans to leverage technology for VAT reclaim processes and explore M&A opportunities.
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.