Board Change • May 20
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 Non-Executive 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. Board Change • May 01
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 Non-Executive 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. Annonce • Apr 30
Way 2 Vat Ltd, Annual General Meeting, Jun 05, 2026 Way 2 Vat Ltd, Annual General Meeting, Jun 05, 2026. Annonce • 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 Annonce • 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. Annonce • 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 (24% 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$8.88m). 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. Board Change • Aug 18
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. Annonce • Aug 14
Way 2 Vat Ltd, Annual General Meeting, Sep 18, 2025 Way 2 Vat Ltd, Annual General Meeting, Sep 18, 2025. Annonce • 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. Annonce • 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 Board Change • Feb 04
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. Annonce • 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 New Risk • Aug 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-US$1.0m). Earnings have declined by 7.6% per year over the past 5 years. Market cap is less than US$10m (AU$8.74m market cap, or US$5.77m). Minor Risks Shareholders have been diluted in the past year (36% increase in shares outstanding). Revenue is less than US$5m (US$2.0m revenue). Annonce • 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). Annonce • 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 Annonce • 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 Annonce • 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. Annonce • 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. Annonce • 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). Annonce • 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 • Jan 01
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. 