GlobalTech Corporation Reports Fiscal Year 2025 Financial Results
Rhea-AI Summary
GlobalTech (OTCQB: GLTK) reported fiscal 2025 net revenue of $22.1 million, a 21% increase from 2024, while recording a net loss of $3.1 million and an operating loss of $3.7 million. Adjusted EBITDA was $0.89 million (non-GAAP).
The company noted diversified revenue from telecom, broadband, technology services and retail, pro forma >$52 million across operations, total assets of $103.1 million, and shareholders’ equity of $39.8 million. GlobalTech completed a December 2025 acquisition of a 51% stake in Moda in Pelle and plans to scale AI commercialization and pursue a U.S. exchange uplisting in 2026.
Positive
- Revenue +21% to $22.1M in fiscal 2025
- Positive Adjusted EBITDA $0.89M (non-GAAP)
- Total assets of $103.1M supporting growth
- Pro forma platform revenue > $52M across businesses
Negative
- Net loss of $3.1M for fiscal 2025
- Operating loss of $3.7M reflecting investment phase
- Pro forma full‑year revenue includes Moda in Pelle despite December 2025 close
News Market Reaction – GLTK
In the Apr 8 session, GLTK declined 28.85%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GLTK Reports
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 , up21% 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 of51% of 123 Investments Limited on December 21, 2025
Profitability and Investment Phase
The Company reported a net loss of
- Platform development and integration
- Expansion of technology capabilities
- Operating infrastructure and personnel
Despite these investments, GlobalTech generated positive Adjusted EBITDA of
Platform Overview
GlobalTech operates a diversified platform combining:
- Telecom and technology infrastructure
- Consumer and retail operations
- Technology development and commercialization
On a broader operating basis, the Company’s platform represents robust revenue performance over the last year and consistent growth in business operations, including one major acquisition, the acquisition of
$52 + million in revenue across operating businesses for 2025 (pro forma revenue including a full year of Moda In Pelle operations)**$103 million in assets as of December 31, 2025- 460+ employees globally as of December 31, 2025
This platform provides real-world environments to validate and scale new technologies.
Technology Growth and Commercialization
GlobalTech continued to advance its technology commercialization strategy through its Center of Excellence:
- Technology related revenue increased to approximately
$3.0 million in 2025 - Growth reflects increased deployment of AI and IT solutions and services
During the year, the Company:
- Evaluated 26 technology opportunities
- Validated 7 technologies
- Integrated 3 platforms into its operating ecosystem
Key platforms currently in commercialization include:
- Cadnz: AI-enabled digital lending platform (www.cadnz.com)
- Thrivo AI: AI-powered ERP and e-commerce operating system (www.thrivo.ai)
- Baseball Blitz: sports and community engagement platform (www.baseballblitz.com)
Balance Sheet and Capital Position
As of December 31, 2025:
- Total assets were
$103.1 million - Shareholders’ equity totaled
$39.8 million - The Company continues to retain earnings to support growth and does not currently plan to pay dividends
GlobalTech remains focused on aligning capital deployment with scalable revenue opportunities and maintaining balance sheet strength.
Management Commentary
“Fiscal 2025 reflects continued progress across both our core operating businesses and our technology platforms,” said Dan Green, Chief Executive Officer of GlobalTech. “We are seeing early validation of our model, where operating infrastructure supports the commercialization of scalable AI and data platforms. While we continue to invest in growth, we believe this approach will position the Company to transition toward higher-margin, recurring technology-driven revenue.”
Outlook and Strategic Priorities
GlobalTech’s planned strategic priorities for 2026 include:
- Scaling AI and data platforms into commercial traction
- Expanding the technology pipeline through the Center of Excellence
- Driving revenue growth across existing operating businesses
- Advancing capital markets initiatives, including working to move towards a planned U.S. national exchange uplisting
The Company expects continued investment in platform development as it continues executing on its long-term growth strategy.
*A non-Generally Accepted Accounting Principles (GAAP) financial measure, see “Non-GAAP Financial Measures”, below.
**
About GlobalTech Corporation
GlobalTech Corporation is a publicly-traded technology platform company focused on acquiring, integrating, and scaling operating businesses across telecommunications, artificial intelligence, data infrastructure, and consumer-facing digital platforms.
The Company combines real operating assets with a centralized engineering and commercialization capability to develop and deploy AI-driven products across its portfolio. Through this model, GlobalTech leverages its operating subsidiaries as live environments to validate, refine, and scale technology solutions, accelerating commercialization while reducing traditional development risk.
GlobalTech’s strategy is centered on disciplined capital deployment, operational integration, and building a scalable platform designed to drive long-term revenue growth and shareholder value.
For additional information, please visit: www.globaltechcorporation.com
Non-GAAP Financial Measures
We have included non-GAAP loss from operations and Adjusted EBITDA in this press release as a supplement to Generally Accepted Accounting Principles (GAAP) measures of performance to provide investors with an additional financial analytical framework which management uses, in addition to historical operating results, as the basis for financial, operational and planning decisions and present measurements that third parties have indicated are useful in assessing the Company and its results of operations. Non-GAAP loss from operations and Adjusted EBITDA are presented because we believe they provide additional useful information to investors due to the various noncash items during the period. Adjusted EBITDA is also frequently used by analysts, investors and other interested parties to evaluate companies in our industry.
Non-GAAP loss from operations and Adjusted EBITDA have limitations as an analytical tool, and you should not consider them in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: Adjusted EBITDA does not reflect cash expenditures, future requirements for capital expenditures, or contractual commitments; Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; and Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments. For example, although depreciation and amortization are noncash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements. We believe non-GAAP loss from operations provides our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as this metric includes the effect of other income. Additionally, other companies in our industry may calculate non-GAAP loss from operations and Adjusted EBITDA differently than the Company does, limiting its usefulness as a comparative measure. You should not consider non-GAAP loss from operations and Adjusted EBITDA in isolation, or as a substitute for analysis of the Company’s results as reported under GAAP. The Company’s presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or nonrecurring items. We compensate for these limitations by providing a reconciliation of these non-GAAP measures to the most comparable GAAP measure. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measure.
We realized revenue, Adjusted EBITDA and non-GAAP loss from operations during the periods presented below as follows (all percentages are calculated using whole numbers. Minor differences may exist due to rounding):
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net revenue | $ | 22,068,599 | $ | 18,255,248 | ||||
| Adjusted EBITDA | $ | 892,877 | $ | 2,473,516 | ||||
| Loss from Operations | $ | (1,463,735 | ) | $ | (401,281 | ) | ||
Set forth below is a presentation and reconciliation of our Adjusted EBITDA and non-GAAP loss from operations for the years ended December 31, 2025 and 2024 to GAAP net loss and GAAP loss from operations, respectively:
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Loss from operations | $ | (3,730,391 | ) | $ | (4,057,349 | ) | ||
| Plus, other income | $ | 2,266,656 | $ | 3,656,068 | ||||
| Non-GAAP loss from operations | $ | (1,463,735 | ) | $ | (401,281 | ) | ||
| December 31, | ||||||||
| 2025 | 2024 | |||||||
| Net revenue | $ | 22,068,599 | $ | 18,255,248 | ||||
| GAAP net loss attributable to GlobalTech Corporation | (3,147,248 | ) | (2,946,293 | ) | ||||
| Add back (subtract) | ||||||||
| Depreciation and amortization | 2,134,459 | 2,804,936 | ||||||
| Finance cost | 1,395,710 | 2,365,281 | ||||||
| Income taxes | 287,802 | 179,733 | ||||||
| Exchange loss | 222,153 | 69,859 | ||||||
| Adjusted EBITDA | $ | 892,877 | $ | 2,473,516 | ||||
Non-GAAP loss from operations is defined as GAAP operating loss plus other income.
Adjusted EBITDA is defined as net income attributable to GlobalTech Corporation shareholders plus net income attributable to non-controlling interest, net interest expense, income taxes, depreciation and amortization, and other operating (income) expenses, net, such as exchange loss/(gain).
FORWARD-LOOKING STATEMENTS
Certain of the matters discussed in this press release which are not statements of historical fact constitute forward-looking statements that involve a number of risks and uncertainties. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” ”intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements, but are not the exclusive means of identifying these statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation: our ability to obtain approval from Nasdaq for an uplisting of our common stock onto Nasdaq, as well as our ability to meet Nasdaq’s initial listing criteria, which we do not currently meet; the fact that we are exposed to foreign currency exchange loss, and fluctuation and translation risks related to our business in Pakistan; the international economic environment, geopolitical developments and unexpected global events could cause our business to decline; investing in emerging markets, where our operations are located, is subject to greater risks than investing in more developed markets, including significant political, legal and economic risks; our revenue performance can be unpredictable by nature, as a large majority of our customers have not entered into long-term fixed contracts with us; we operate in highly competitive markets, which we expect only to become more competitive, and as a result, we may have difficulty expanding our customer base or retaining existing customers; we may be unable to keep pace with technological changes and evolving industry standards, which could harm our competitive position and, in turn, materially harm our business; we are exposed to cyber-attacks and other cybersecurity threats that may lead to compromised or inaccessible tele-communications, digital and financial services, and/or leaks or unauthorized processing of confidential information, and perceptions of such threats may cause customers to lose confidence in our services; the telecommunications industry is highly capital-intensive and requires substantial and ongoing expenditures of capital; our ability to profitably provide telecommunications services depends in part on the terms of our interconnect agreements and access to third-party-owned infrastructure and networks, over which we have no direct control; we may be subject to increases in license fees for some of our licenses or to obtain new licenses; the loss of important intellectual property rights, as well as third-party claims that we have infringed on their intellectual property rights, could significantly harm our business; our substantial amounts of indebtedness and debt service obligations could materially decrease our cash flow, which could adversely affect our business and financial condition; we may not be able to raise additional capital, or we may only be able to raise additional capital at significantly increased costs; if WorldCALL Telecom Limited issues more shares, our ownership could go below
Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in the Company’s publicly filed reports, including, but not limited to, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. These reports are available at www.sec.gov. The Company cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on behalf of the Company are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this press release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
| GLOBALTECH CORPORATION | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| AS OF DECEMBER 31, 2025 AND 2024 | ||||||||
| 2025 | 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 528,717 | $ | 822,251 | ||||
| Restricted cash | 2,721,030 | 2,633,019 | ||||||
| Accounts receivable – net – Pledge | 8,283,057 | 3,780,777 | ||||||
| Short term investments – Pledge | 1,037,131 | 970,596 | ||||||
| Prepayments | 960,235 | 60,234 | ||||||
| Stores and spares – Pledge | 835,010 | 838,641 | ||||||
| Stock in trade | 5,225,746 | – | ||||||
| Advances | 4,332,758 | 4,660,122 | ||||||
| Due from related parties | 158,203 | 13,430 | ||||||
| Other receivables | 1,426,910 | 3,933,728 | ||||||
| Total current assets | 25,508,797 | 17,712,798 | ||||||
| Property, plant and equipment – Pledge | 16,074,411 | 16,936,286 | ||||||
| Operating lease right-of-use assets | 1,248,106 | 451,111 | ||||||
| Intangible assets – net – Pledge | 46,253,581 | 10,264,049 | ||||||
| Goodwill | 4,826,375 | – | ||||||
| Advance to a related party | 3,360,688 | – | ||||||
| Long term receivables and other assets | 3,232,132 | 3,123,604 | ||||||
| Deferred tax asset | 2,641,751 | 8,468,381 | ||||||
| TOTAL ASSETS | $ | 103,145,841 | $ | 56,956,229 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Current liabilities: | ||||||||
| Trade and other payables | $ | 38,416,828 | $ | 26,721,113 | ||||
| Current portion of non-current liabilities | 8,896,008 | 8,320,104 | ||||||
| Accrued interest | 4,044,858 | 3,545,054 | ||||||
| Short term borrowings – Pledge | 2,949,049 | 1,103,560 | ||||||
| Due to related parties | 347,416 | 542,185 | ||||||
| Provision for taxation – net | 634,002 | 1,125,182 | ||||||
| Total current liabilities | 55,288,161 | 41,357,198 | ||||||
| Term finance certificates | – | – | ||||||
| Long term financing – secured | 623,629 | 1,154,484 | ||||||
| Long term financing – Convertible | 1,625,000 | – | ||||||
| Long term deposits and payable | 1,687,168 | 1,412,328 | ||||||
| License fee payable | 162,228 | 163,217 | ||||||
| Operating lease liability | 977,792 | 635,030 | ||||||
| Post employment benefits | 704,377 | 676,084 | ||||||
| Due to related parties | 2,243,820 | 709,975 | ||||||
| Total non-current liabilities | 8,024,014 | 4,751,118 | ||||||
| TOTAL LIABILITIES | $ | 63,312,175 | $ | 46,108,316 | ||||
| CONTINGENCIES AND COMMITMENTS (NOTE 18) | ||||||||
| SHAREHOLDERS' EQUITY: | ||||||||
| Preferred stock, | 8,280,000 | – | ||||||
| Common stock, | 15,072 | 13,993 | ||||||
| Additional paid in capital | 11,570,321 | – | ||||||
| Accumulated other comprehensive loss | (322,182 | ) | (896,497 | ) | ||||
| Accumulated deficit | (39,824,105 | ) | (38,110,867 | ) | ||||
| SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO PARENT | (20,280,894 | ) | (38,993,371 | ) | ||||
| Non-controlling interest | 60,114,560 | 49,841,283 | ||||||
| TOTAL SHAREHOLDERS’ EQUITY | 39,833,666 | 10,847,914 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 103,145,841 | $ | 56,956,229 | ||||
| GLOBALTECH CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 | ||||||||
| 2025 | 2024 | |||||||
| NET REVENUE | $ | 22,068,599 | $ | 18,255,248 | ||||
| Direct operating costs | (20,064,066 | ) | (16,800,147 | ) | ||||
| Other operating costs | (3,274,580 | ) | (2,505,673 | ) | ||||
| Depreciation and amortization | (2,134,460 | ) | (2,804,936 | ) | ||||
| Other expenses | (325,885 | ) | (201,841 | ) | ||||
| OPERATING LOSS | (3,730,392 | ) | (4,057,349 | ) | ||||
| OTHER: | ||||||||
| Other income – net | 2,266,656 | 3,656,070 | ||||||
| Finance cost | (1,395,709 | ) | (2,365,281 | ) | ||||
| LOSS BEFORE TAXATION | (2,859,445 | ) | (2,766,560 | ) | ||||
| Taxation | (287,802 | ) | (179,733 | ) | ||||
| NET LOSS | $ | (3,147,247 | ) | $ | (2,946,293 | ) | ||
| NET LOSS ATTRIBUTABLE TO: | ||||||||
| Common shareholders of GlobalTech Corporation – (a) | (1,713,238 | ) | (1,626,354 | ) | ||||
| Non-controlling interest (NCI) | (1,434,009 | ) | (1,319,939 | ) | ||||
| (3,147,247 | ) | (2,946,293 | ) | |||||
| Loss per common share: basic and diluted – (a/b) | $ | (0.012 | ) | $ | (0.012 | ) | ||
| Weighted-average common shares used to compute basic and diluted loss per share – (b) | 147,164,898 | 139,933,391 | ||||||
Contact:
Dan Green
Chief Executive Officer
d.green@globaltechcorporation.com
(775) 636-3132
