Bekanntmachung • Apr 30
Way 2 Vat Ltd, Annual General Meeting, Jun 05, 2026 Way 2 Vat Ltd, Annual General Meeting, Jun 05, 2026. New Risk • Apr 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$5.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.9m free cash flow). Earnings have declined by 0.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$6.6m revenue, or US$4.6m). Market cap is less than US$100m (AU$17.8m market cap, or US$12.3m). Bekanntmachung • Apr 02
Way 2 Vat Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.6 million. Way 2 Vat Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,142,858
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0042
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Feb 28
Full year 2025 earnings released Full year 2025 results: Revenue: AU$6.64m (up 37% from FY 2024). Net loss: AU$6.80m (loss widened 16% from FY 2024). Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Rob Edgley was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • Sep 24
Way 2 Vat Ltd (ASX:W2V) entered into a binding share purchase agreement to acquire Rbcvat Limited from Messrs Gareth Bevan and Ryan Bevan for £2 million. Way 2 Vat Ltd (ASX:W2V) entered into a binding share purchase agreement to acquire Rbcvat Limited from Messrs Gareth Bevan and Ryan Bevan for £2 million on September 23, 2025. Initial consideration of £1 million will be paid in cash on completion of acquisition. £880,000 to be paid in cash 12 months following completion of the Acquisition and subject only to Ryan Bevan's continued employment with RBC VAT and £120,000 to be paid in cash 24 months following completion of the Acquisition and subject only to Ryan Bevan's continued employment with RBC VAT.
The transaction will be financed through equity investment of £1.98 million and senior debt of £0.5 million. Way 2 Vat intends to use the proceeds raised from the Placement and Debt Facility to fund the Initial Consideration and to support the growing business until its cash break-even point.
For the period ending August 31, 2025, Rbcvat Limited reported total revenue of £1.45 million and EBITDA of £0.42 million.
Completion of the Acquisition is subject to a number of conditions precedent most of which are administrative in nature and also includes a condition precedent of there being no material adverse effect on RBC VAT prior to completion.
The expected completion of the transaction is September 30, 2025.
The acquisition is earnings accretive from day 1 and will add a pro forma FY25 of approximately £1.45 million of revenue and £0.42 million of EBITDA. Bekanntmachung • Sep 23
Way 2 Vat Ltd has filed a Follow-on Equity Offering in the amount of AUD 4.1 million. Way 2 Vat Ltd has filed a Follow-on Equity Offering in the amount of AUD 4.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 424,375,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 88,125,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$7.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$7.1m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 1.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Market cap is less than US$10m (AU$13.6m market cap, or US$8.89m). Minor Risk Revenue is less than US$5m (AU$5.3m revenue, or US$3.5m). Reported Earnings • Aug 29
First half 2025 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in 1H 2024) First half 2025 results: AU$0.004 loss per share (in line with 1H 2024). Revenue: AU$2.49m (up 44% from 1H 2024). Net loss: AU$3.70m (loss widened 15% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Bekanntmachung • Aug 14
Way 2 Vat Ltd, Annual General Meeting, Sep 18, 2025 Way 2 Vat Ltd, Annual General Meeting, Sep 18, 2025. Bekanntmachung • Aug 04
Way 2 Vat Ltd Announces Appointment of Ju-Yup ("Jonathan") Lee as Joint Company Secretary, Effective 4 August 2025 Way 2 Vat Ltd. announced the appointment of Mr. Ju-Yup ("Jonathan") Lee as Joint Company Secretary, effective immediately (4 August 2025). Mr. Lee is an experienced compliance and corporate governance professional who works at Automic Group, which provides market leading, cloud-based share registry technology, compliance and governance solutions, supported by a tailored range of professional services. As a member of Automic Group's Company Secretary team, Mr. Lee assists and works closely with boards of both ASX listed and unlisted public companies across a range of industries. Ms Emily Austin continues in her roles as Company Secretary and Communications Officer. For the purposes of ASX Listing Rule 12.6, both Mr. Lee and Ms Austin will act as persons responsible for communication with ASX. Bekanntmachung • Jun 03
Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 2 million. Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,714,281
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing New Risk • May 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.6m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-US$1.3m). Earnings have declined by 2.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (AU$8.48m market cap, or US$5.44m). Minor Risk Revenue is less than US$5m (US$3.0m revenue). Reported Earnings • Mar 30
Full year 2024 earnings released: US$0.004 loss per share (vs US$0.009 loss in FY 2023) Full year 2024 results: US$0.004 loss per share (improved from US$0.009 loss in FY 2023). Revenue: US$3.01m (up 47% from FY 2023). Net loss: US$3.62m (loss narrowed 15% from FY 2023). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2024 earnings released: US$0.004 loss per share (vs US$0.009 loss in FY 2023) Full year 2024 results: US$0.004 loss per share (improved from US$0.009 loss in FY 2023). Revenue: US$3.01m (up 47% from FY 2023). Net loss: US$3.62m (loss narrowed 15% from FY 2023). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.4m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-US$610k). Earnings have declined by 5.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Market cap is less than US$10m (AU$7.46m market cap, or US$4.64m). Minor Risk Revenue is less than US$5m (US$2.3m revenue). Bekanntmachung • Aug 26
Way 2 Vat Ltd to Report First Half, 2024 Results on Aug 29, 2024 Way 2 Vat Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Bekanntmachung • Jul 13
Way 2 Vat Ltd, Annual General Meeting, Aug 16, 2024 Way 2 Vat Ltd, Annual General Meeting, Aug 16, 2024. Board Change • Jun 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rob Edgley was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2023 earnings released: US$0.009 loss per share (vs US$0.027 loss in FY 2022) Full year 2023 results: US$0.009 loss per share (improved from US$0.027 loss in FY 2022). Revenue: US$2.05m (up 57% from FY 2022). Net loss: US$4.10m (loss narrowed 10% from FY 2022). Bekanntmachung • Aug 24
Way 2 Vat Ltd to Report First Half, 2023 Results on Aug 30, 2023 Way 2 Vat Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Bekanntmachung • Jul 12
Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Bekanntmachung • Jun 24
Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.194 million. Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.194 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 119,399,960
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Rob Edgley was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Jun 13
Way2VAT Announces Resignation of Ayelet Verbin as a Non-Executive Director Way2VAT announced that Ms Ayelet Verbin has resigned as a Non-Executive Director with immediate effect. Bekanntmachung • May 19
Way 2 Vat Ltd, Annual General Meeting, Jun 19, 2023 Way 2 Vat Ltd, Annual General Meeting, Jun 19, 2023, at 15:00 E. Australia Standard Time. Agenda: To receive and to consider the Annual Financial Report of the Company for the financial year ended 31 December 2022 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; and to discuss other matters. Reported Earnings • Mar 05
Full year 2022 earnings released: US$0.028 loss per share (vs US$0.09 loss in FY 2021) Full year 2022 results: US$0.028 loss per share (improved from US$0.09 loss in FY 2021). Revenue: US$1.31m (down 1.2% from FY 2021). Net loss: US$4.69m (loss narrowed 27% from FY 2021). Bekanntmachung • Jan 18
Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.1 million. Way 2 Vat Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,461,539
Price\Range: AUD 0.026
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,846,154
Price\Range: AUD 0.026
Transaction Features: Subsequent Direct Listing Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Rob Edgley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
First half 2022 earnings released: US$0.015 loss per share (vs US$3.76 loss in 1H 2021) First half 2022 results: US$0.015 loss per share (up from US$3.76 loss in 1H 2021). Revenue: US$525.0k (down 25% from 1H 2021). Net loss: US$2.32m (loss narrowed 46% from 1H 2021). Bekanntmachung • Jul 29
Way 2 Vat Ltd (ASX:W2V) signed a binding share sale agreement to acquire 100% DevoluIVA S.L.U. from Voxel Media Sl. Way 2 Vat Ltd (ASX:W2V) signed a binding share sale agreement to acquire 100% DevoluIVA S.L.U. from Voxel Media Sl for million on July 29, 2022. Under the terms of the Agreement, at completion, Way 2 Vat will issue Voxel such number of shares equivalent in value to €1 million, based on a deemed issue price of AUD 0.125 per share and an average EUR/AUD exchange rate published by the RBA 30 days prior to completion (Consideration Shares). By way of example, based on an indicative exchange rate of 1.47, the number of Consideration Shares that Way 2 Vat will issue is approximately 11.76 million shares. The Agreement also provides that Voxel will be entitled to receive earn-out payments of Way2VAT shares equivalent in value to the greater of €0.5 million of First Earn-Out on the date that is 12 months after completion of the Acquisition, €0.5 million of second Earn-Out on the date that is 24 months after completion of the Acquisition, and €0.5 million of Third Earn-Out on the date that is 36 months after completion of the Acquisition. DevoluIVA recording unaudited revenues of approximately AUD 0.290 million for the quarter ended 30 June 2022. Kafri Leibovich Law Firm and Thomson Geer acted as legal advisor to DevoluIVA. Bekanntmachung • May 27
Way 2 Vat Ltd Announces Change in Company Secretary Way 2 Vat Ltd. advised that Euh (David) Hwang of Automic Group has been appointed as the Company Secretary of the Company, effective immediately. Mr. Hwang is the Managing Principal at Automic Group and is an experienced corporate lawyer specialising in listings on ASX (IPOs and reverse listings), equity capital markets and providing advice on corporate governance and compliance issues. David currently serves as company secretary to a number of ASX listed entities. Further to this appointment, Ms Elizabeth Spooner and Ms Sujani Goonatilleka of Automic Group will step down as Joint Company Secretaries of the Company effective immediately. Bekanntmachung • May 23
Way2VAT targets four key sectors for initial rollout of world-first Smart Spend Debit Mastercard Way2VAT is about to rollout the first Smart Spend Debit Mastercards to customers in aviation, security, automotive and technology sectors. Customers in these sectors were chosen as they showcase the broad range of capability anddifferent uses that the card will offer. The recently launched Smart Spend Debit Mastercard, a world-first in partnership with Railsbank, fully automates VAT/GST returns from end-to-end for the SMB and Enterprise market. It allows companies to submit spend receipts and capture invoices through Way2VAT's proprietary technology platform. The end-to-end process from receipt capture to payment automatically analyses, reconciles, sorts and submits documentation to foreign tax authorities. Employees spend their allocated amounts and the VAT/GST is automatically submitted with all relevant administration completed. In the aviation sector cards will be used for handling fees in airports around the world, paying for fuel and all expenses that need to be done on-site and by all flying crew. In the security sector, the card will provide tailor-made, turnkey solutions for project managers and team membersworking on global projects and on multiple projects at the same time, allowing expenses to be tagged and costs organised by each project. In addition to normal project management, automotive component manufacturers will also be using the card for travel, subscriptions, CRM, R&D and marketing expense management, while initial rollout to technology sector companies with subsidiaries to develop digital printing technologies, which are submitting spend receipts and capturing invoices through their accounts payables systems using Way2VAT's proprietary technology platform. The card will generate additional new annualised income streams for Way2VAT with the company earning revenue through a Software-as-a-Service (SaaS) model consisting of monthly charges to card users, administration licenses and a percentage from each successful VAT/GST refund. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Rob Edgley was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Apr 22
Way2VAT Launches World-First Smart Spend Debit Mastercard Way2VAT has partnered with Railsbank to launch the Smart Spend Debit Mastercard the world's first spend card for the SMB and Enterprise market that fully automates VAT/GST returns from end-to-end. Built to meet client demand for a product of this type, the card allows companies to submit spend receipts and capture invoices through Way2VAT's proprietary technology platform. The new technology is an end-to-end process from capture of the receipt through to payment that automatically analyses, reconciles, sorts and submits documentation to foreign tax authorities. Employees can simply spend their allocated amounts and the VAT/GST is automatically submitted with all relevant administration completed. The card has a unique ruling engine that controls expenses per transaction by merchant, expense category, date, amount and frequency. It provides businesses with more control over user spending and improves compliance, visibility and transparency. Administrators can control budgets, place spending caps and limit payments to approved vendors using Way2VAT's transparent dashboard. Smart Spend Debit Mastercard will be launched in the United Kingdom, Europe and with further expansion planned for Australia and North America after the initial phase. Coordinated marketing in conjunction with Railsbank will occur to existing clients, partners and SME aggregators. There are no material conditions that need to be satisfied before the parties become legally bound to proceed with the terms of the partnership and there is no other material information relevant to assessing the impact of the partnership on the price or value of the Company's securities. The initial phase of introducing 5,000 cards to 150 companies with between 100 and 2,000 employees will generate a new annualised income stream and the company will earn revenue through a Software-as-a-Service (SaaS) model consisting of monthly charges to card users, administration licenses and a percentage from each successful VAT/GST refund. Although the estimated revenue is not financially material in the short term, the partnership with Railsbank is considered to be strategically important to the Company. Bekanntmachung • Mar 06
Way2VAT Ltd Announces Appointment of Sujani Goonatilleka as Joint Company Secretary Way2VAT Ltd. announced that Sujani Goonatilleka from the Automic Group has been appointed as Joint Company Secretary, effective immediately. Ms. Elizabeth Spooner (also of Automic Group) remains a Joint Company Secretary. For the purpose of ASX Listing Rule 12.6, Ms. Goonatilleka will be the person responsible for communications between the Company and ASX. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$1.32m (up 28% from FY 2020). Net loss: US$6.73m (loss widened 193% from FY 2020). Revenue was in line with analyst estimates. Bekanntmachung • Feb 18
Way 2 Vat Limited to Report Fiscal Year 2021 Results on Feb 28, 2022 Way 2 Vat Limited announced that they will report fiscal year 2021 results on Feb 28, 2022 Bekanntmachung • Sep 16
Way 2 Vat Limited has completed an IPO in the amount of AUD 7 million. Way 2 Vat Limited has completed an IPO in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012
Transaction Features: Sponsor Backed Offering Board Change • Sep 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
