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Home CompaniesWay 2 Vat Ltd

Way 2 Vat Ltd

Technology Software - Infrastructure
PortfolioPortfolio WatchlistWatchlist
Company price
0.03 AUD 0.00(0%)
Last update at 2026-11-12T01:20:00Z
VOLUME
25000
Market Cap
8.49M

Momentum Score

…

Way 2 Vat Ltd, a fintech company, engages in the development of automatic value added tax (VAT) reclaims and compliance applications for enterprises in Israel and internationally. The company owns and operates VAT/goods and services tax (GST) reclaim platform. It also provides foreign and local VAT\GST reclaim solutions; VAT\GST reclaims on account payable invoices and travel expenses reclaim services; VAT consultancy and compliances services; and automated AP invoice compliance services. Way 2 Vat Ltd was incorporated in 2014 and is based in Petah Tikva, Israel.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.03
Low
0.03
High
52 Week Price Range
0.03
Low
0.15
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Way2Vat Limited operates a digital platform that facilitates VAT/GST and other indirect tax refunds for international shoppers by linking retailers, payment providers and tax authorities. Long-term growth drivers include expansion of inbound tourism and cross-border retail, broader government digitisation of tax refund processes, and scaling of merchant and partner networks, which may benefit from a SaaS-like recurring revenue profile and network effects for adoption.
Key risks include revenue sensitivity to international travel and retail cycles plus regulatory and contract concentration with governments or large merchants, together with competitive and execution challenges that could constrain scaling.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.03
Dividend Yield
-
Revenue TTM
7.95M
Revenue Per Share
0.04
Gross Profit TTM
5.99M
Debt / Equity
3.07
ROE
-35338.89%
Net Debt
2.59M
ROCE
-138.02%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -4.48M -3.62M -4.25M -4.69M -6.73M
Net income -4.54M -3.62M -4.25M -4.79M -8.39M
Selling general administrative - 4.13M 4.12M 4.28M 5.10M
Selling and marketing expenses - 0.26M 0.48M 0.33M 0.26M
Gross profit 3.25M 2.47M 1.62M 1.00M 1.05M
Reconciled depreciation - 0.28M 0.23M 0.18M 0.18M
Ebit -3.20M -3.27M -3.98M -4.60M -5.07M
Ebitda -2.88M -2.99M -3.74M -4.42M -4.89M
Depreciation and amortization 0.32M 0.28M 0.23M 0.18M 0.18M
Operating income -3.20M -3.68M -4.27M -4.60M -5.07M
Other operating expenses 7.62M 6.69M 6.32M 6.08M 6.40M
Interest expense 1.33M 0.35M 0.12M 0.10M 1.66M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.41M 0.33M 0.18M 1.65M
Net interest income - 0.06M 0.02M 0.09M -1.65M
Income tax expense 0.05M - 0.29M 0.10M 1.66M
Total revenue 4.43M 3.01M 2.05M 1.30M 1.32M
Total operating expenses 6.45M 6.15M 5.89M 5.78M 6.12M
Cost of revenue 1.18M 0.54M 0.43M 0.30M 0.28M
Total other income expense net -1.29M 0.06M 0.02M -0.10M -1.66M
Net income from continuing ops - -3.62M -4.25M -0.92M -6.73M
Net income applicable to common shares - -3.62M -4.25M -4.56M -6.73M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 8.18M 4.48M 4.15M 4.51M 5.18M
Intangible assets - 0.74M 0.90M 0.78M -
Other current assets - 0.16M 0.13M - -
Total liab 7.17M 5.80M 5.15M 4.31M 2.36M
Total stockholder equity 1.01M -1.32M -1.00M 0.21M 2.82M
Other current liab 1.99M 2.59M 2.48M 2.52M 1.75M
Common stock 6.47M 2.63M 1.86M 20.55M 18.89M
Capital stock - - - 20.55M 18.89M
Retained earnings -34.78M -30.81M -27.19M -23.07M -18.72M
Other liab - - - 0.68M 0.24M
Cash 0.51M 0.08M 0.49M 1.03M 3.13M
Cash and equivalents - - - 1.03M 3.13M
Total current liabilities 5.87M 4.53M 3.73M 3.07M 2.04M
Current deferred revenue 1.49M - - - -
Net debt 2.59M 2.15M 1.28M -0.08M -2.90M
Short term debt 2.01M 1.51M 1.02M 0.09M 0.15M
Short long term debt total 3.10M 2.22M 1.78M 0.95M 0.23M
Other stockholder equity 26.86M 24.40M 21.59M -0.52M 2.66M
Property plant equipment - - - 0.49M 0.37M
Total current assets 5.39M 3.03M 2.99M 3.25M 4.82M
Net tangible assets - - - -0.44M 2.82M
Net receivables 4.87M 2.79M 2.37M 2.22M 1.69M
Long term debt - - - 0.59M 0.00M
Inventory - - 0.00M - -
Accounts payable 0.38M 0.43M 0.22M 0.47M 0.14M
Accumulated other comprehensive income 2.46M 2.46M 2.74M 2.72M 2.66M
Non current assets total 2.80M 1.45M 1.15M 1.27M 0.37M
Capital lease obligations - - - 0.36M 0.23M
Long term debt total - - - 0.42M 0.08M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -0.02M -0.01M -0.01M -0.03M
Change to liabilities - - - 0.46M -0.06M
Total cashflows from investing activities -1.27M -0.02M -0.01M -0.01M -0.03M
Net borrowings - 0.56M - -0.02M 0.45M
Total cash from financing activities 5.58M 3.10M 3.12M 1.92M 5.30M
Change to operating activities - - - 0.73M -0.19M
Net income -4.54M -3.62M -4.25M -4.79M -6.73M
Change in cash 0.43M -0.41M -0.54M -2.10M 1.22M
Begin period cash flow 0.09M 0.49M 1.03M 3.13M 1.91M
End period cash flow 0.51M 0.08M 0.49M 1.03M 3.13M
Total cash from operating activities -3.96M -3.60M -3.80M -4.61M -4.08M
Issuance of capital stock - 2.70M 2.56M 1.56M 4.61M
Depreciation 0.32M 0.28M 0.23M 0.18M 0.18M
Other cashflows from investing activities - 0.00M 0.01M 0.00M -
Change to account receivables -1.22M -0.58M -0.34M -0.29M -0.58M
Sale purchase of stock - 2.70M 2.56M 1.56M 4.61M
Other cashflows from financing activities -0.26M 0.02M -0.06M 0.39M 0.70M
Change to netincome - - - 0.32M 3.26M
Capital expenditures 0.01M 0.02M 0.01M 0.01M 0.03M
Change in working capital -1.25M -0.49M -0.50M 1.02M -0.82M
Stock based compensation - 0.25M 0.35M - -
Other non cash items 1.50M -0.03M 0.37M 4.61M 6.55M
Free cash flow -3.97M -3.62M -3.81M -4.62M -4.11M

Peer Comparison*

Sector: Technology Industry: Software - Infrastructure

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
W2V
Way 2 Vat Ltd		 -
-%		 0.03 - - 1.07 8.44 1.66 -0.56
XYZ
Block, Inc		 -0.24
0.19%		 125.71 111.51 15.77 2.89 2.22 1.63 11.60
MP1
Megaport Ltd		 -0.52
2.70%		 18.74 - 138.89 13.81 4.10 12.09 155.41
CCL
Cuscal Ltd		 -0.15
2.52%		 5.80 26.77 20.28 1.97 2.73 5.15 10.93
AXQ
Aura Consolidated Group, Inc.		 -0.69
18.35%		 3.07 - - 3.78 - 5.49 -

Profile*

Way 2 Vat Ltd

Way 2 Vat Ltd, a fintech company, engages in the development of automatic value added tax (VAT) reclaims and compliance applications for enterprises in Israel and internationally. The company owns and operates VAT/goods and services tax (GST) reclaim platform. It also provides foreign and local VAT\GST reclaim solutions; VAT\GST reclaims on account payable invoices and travel expenses reclaim services; VAT consultancy and compliances services; and automated AP invoice compliance services. Way 2 Vat Ltd was incorporated in 2014 and is based in Petah Tikva, Israel.

Y Building, Petah Tikva, Israel, 4951703

972 3 508 0022

https://way2vat.com

Name Title Year Born
Mr. Amos Simantov Founder, CEO, MD & Director 1963
Ms. Smadar Noy VP of Fin. 1964
Dr. Roy Shilkrot Chief Technology Officer NA
Ms. Emily Austin Joint Company Sec. NA
Ms. Lucy Rowe Joint Company Sec. 1976
Mr. Evyatar Cohen Chief Financial Officer 1973
Mr. Evyatar Cohen Chief Financial Officer 1973
Ms. Elena Sorescu Managing Director of Romania NA
Ms. Emily Austin Joint Company Secretary NA
Mr. Evyatar Cohen Chief Financial Officer 1973

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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