GLTK NEWS
globenewswire.com
6d ago
Globaltech Reports First Quarter 2026 Financial Results and Provides Business Update
RENO, Nev., May 21, 2026 (GLOBE NEWSWIRE) -- GlobalTech Corporation (“Globaltech” or the “Company”) (OTCQB: GLTK), a U.S.-based technology platform, disclosed its financial results for the first quarter ended March 31, 2026, on May 15, 2026, and provides an update on its operating priorities. For the three months ended March 31, 2026, Globaltech reported net revenue of approximately $10.4 million, compared with approximately $4.3 million for the same period in 2025.
globenewswire.com
Apr 8
GlobalTech Corporation Reports Fiscal Year 2025 Financial Results
RENO, Nev., April 08, 2026 (GLOBE NEWSWIRE) -- GlobalTech Corporation (OTCQB: GLTK) (“GlobalTech” or the “Company”) today announced financial results for the year ended December 31, 2025, as previously reported in its Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on March 31, 2026. Fiscal Year 2025 Highlights Net Revenue: $22.1 million, up 21% from $18.3 million in 2024 Operating Loss: $(3.7) million Net Loss: $(3.1) million Adjusted EBITDA: $0.89 million (non-GAAP)* Total Assets: $103.1 million Total Shareholders' Equity: $39.8 million Revenue and Operating Performance Revenue growth in fiscal 2025 was driven by continued expansion across GlobalTech's core operating segments: Telecommunications: 2025 revenue of $17.5 million, increase driven by higher international traffic volumes Broadband Services: 2025 revenue of $1.5 million, growth driven by increased subscriber additions Technology Services: 2025 revenue of $2.5 million, growth driven by delivery of AI and IT-related projects Retail (Moda in Pelle): 2025 revenue of $0.6 million, when including the partial-year contribution following acquisition of 51% of 123 Investments Limited on December 21, 2025 Profitability and Investment Phase The Company reported a net loss of $(3.1) million for fiscal 2025, reflecting continued investment in: Platform development and integration Expansion of technology capabilities Operating infrastructure and personnel Despite these investments, GlobalTech generated positive Adjusted EBITDA of $0.89 million, (non-GAAP)* for the year ended 2025, indicating underlying operating performance prior to non-cash charges and growth-related expenditures.
