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Way 2 Vat Ltd (ASX:W2V)

ALERT: Price-sensitive ASX Announcement for W2V
Current share price for W2V : $0.054 -0.006 (-10%)+
Announcement
Release
28 Jul 2026 8:26AM
Price at Release
$0.060
Full Release
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Summary
In its Q2 FY26 report, Way2VAT Ltd highlighted a 30% increase in revenue to $2.15 million, expansion of its Way2Invoice e-invoicing platform, and a reshaped debt facility with Bank Hapoalim. The company maintained stable cash receipts and accounts receivable, while actively pursuing M&A for growth. The launch of Way2Invoice aims to address new VAT compliance regulations in Europe and APAC, and the company continues to expand partnerships like the one with Go Global to enhance its client base.
Key Points
  • Quarterly revenue of $2.15 million, up 30% compared to the previous year.
  • Launch of Way2Invoice e-invoicing platform with integrated APAI capabilities.
  • Expansion of partnership with Go Global.
  • Restructuring of debt facilities with Bank Hapoalim to increase total debt facility.
  • Cash receipts from clients remained flat at $1.70 million.
  • Accounts Receivable stable at approximately $7.5 million.
  • Net cash used in operating activities was $1.416 million.
  • Total financing facilities were $4.942 million with Bank Hapoalim.
  • Way2VAT is active in M&A discussions for growth opportunities.
  • Way2Invoice aligns with global e-invoicing mandates for VAT compliance.
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.