IQST - IQSTEL Provides Summary of Annual Meeting of Shareholders and Highlights Key Strategic Priorities
Rhea-AI Summary
IQSTEL (NASDAQ: IQST) held its Annual Meeting on January 30, 2026 with 76.80% of shares represented. Management reported surpassing a $400 million annualized revenue run rate, a $2.7 million adjusted EBITDA run rate, elimination of convertible debt, and a diversified revenue mix (~80% telecom, ~20% fintech).
Board elections and auditor ratification passed with strong support. The company announced plans for 2–3 strategic acquisitions targeting a $15 million EBITDA run rate in 2026, quarterly earnings calls in 2026, and an AI division aimed at seven-figure annual revenue by 2027.
Positive
- Surpassed a $400 million annualized revenue run rate in 2025
- Reported a $2.7 million adjusted EBITDA run rate from operations
- Eliminated convertible debt and outstanding warrants, strengthening the balance sheet
- Revenue mix diversified to approximately 80% telecom / 20% fintech
- Plan for strategic acquisitions targeting a $15 million EBITDA run rate in 2026
Negative
- Current operating adjusted EBITDA run rate of $2.7 million remains well below the $15 million 2026 target
- Achievement of 2026 EBITDA goal depends on executing 2–3 acquisitions that are subject to shareholder approval
- Revenue concentration remains high with ~80% telecom exposure despite diversification efforts
- Financing for acquisitions is not finalized; proposed bank financing is conditional on post-acquisition free cash flow
News Market Reaction – IQST
On the day this news was published, IQST declined 3.21%, reflecting a moderate negative market reaction. Argus tracked a peak move of +23.2% during that session. Argus tracked a trough of -8.3% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $367K from the company's valuation, bringing the market cap to $11M at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
IQST fell 8.46% with several telecom peers also down: PCLA -3.71%, SURG -6.9%, FNGR -9.44%, KVHI -0.77%. Only KORE was slightly positive, suggesting broader sector weakness alongside company-specific news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | AI services launch | Positive | -1.0% | Global launch of AI services and demos planned at MWC Barcelona 2026. |
| Jan 14 | AI strategy letter | Positive | +9.4% | Shareholder letter detailing Reality Border AI platform and 2027 sales goals. |
| Jan 06 | 2026 strategy letter | Positive | +1.4% | Shareholder letter outlining 2026 plan, $15M EBITDA run-rate target and expansion. |
| Dec 29 | 2025 recap & dividend | Positive | +14.7% | Transformational 2025 recap with $400M revenue run rate and first dividend. |
| Dec 15 | Dividend details | Positive | -2.4% | Announcement of first share-based dividend and distribution mechanics. |
Company news has often been positive, with 3 of the last 5 events seeing share gains and 2 showing negative reactions despite upbeat updates.
Over the last few months, IQSTEL has highlighted rapid growth and diversification. In Dec 2025 it reached a $400M revenue run rate and a $2.7M adjusted EBITDA run rate, introduced its first dividend, and emphasized fintech and AI expansion. Early 2026 communications focused on a $15M adjusted EBITDA run-rate target and global AI service launches. Today’s annual meeting recap reinforces those themes—AI growth, EBITDA scaling, and governance enhancements—within the same strategic trajectory.
Market Pulse Summary
This announcement reinforces IQSTEL’s narrative of scaling from a $400M annualized revenue run rate toward a $15M EBITDA run rate in 2026 and a $1B revenue goal by 2027. The meeting emphasized eliminating convertible debt, expanding AI offerings, and tightening governance through more frequent board meetings, proxies on major deals, and quarterly earnings calls. Investors may watch progress on strategic acquisitions, AI revenue ramp toward seven figures, and consistency of EBITDA improvements against these ambitions.
Key Terms
adjusted ebitda financial
convertible debt financial
proxy regulatory
ebitda financial
AI-generated analysis. Not financial advice.
At the meeting, shareholders elected the Company's Board of Directors, ratified the appointment of the independent registered public accounting firm, and received an update from management on IQSTEL's financial performance, strategic initiatives, and long-term growth objectives.
Management highlighted the Company's progress during 2025, including surpassing a
Key Highlights from the Annual Meeting of Shareholders
- AI Division Targeted to Generate Seven-Figure Annual Revenue by 2027
Management outlined its expectation that IQSTEL's AI division will become a meaningful growth driver, with the objective of generating seven-figure annual revenue by 2027 through production-ready AI services and new product launches. - Commitment to Enhanced Shareholder Oversight Through Proxy Approval of Major Transactions
The Company announced its plan to seek shareholder approval via proxy for each significant transaction, including the delivery of a comprehensive economic analysis to support informed shareholder decision-making. - Strategic Acquisitions Planned to Achieve a
$15 Million
IQSTEL plans to pursue two to three strategic acquisitions, subject to shareholder approval, designed to add incremental EBITDA and support the Company's goal of reaching a$15 million - Introduction of Quarterly Earnings Calls Beginning in 2026
To further enhance transparency and engagement, the Company announced plans to initiate quarterly earnings calls starting in 2026, providing shareholders with regular updates on financial performance, strategic progress, and key developments.
The Annual Meeting also included a comprehensive question-and-answer session, during which management addressed shareholder questions submitted both prior to and during the meeting, covering topics such as profitability targets, acquisition strategy, financing plans, valuation, governance, and the Company's AI roadmap.
A detailed Shareholder Letter summarizing the meeting proceedings, voting results, and management responses is being distributed to shareholders.
Shareholder Letter – Annual Meeting of Shareholders Update
Dear Fellow Shareholders,
On January 30, 2026, IQSTEL Inc. held its Annual Meeting of Shareholders. We appreciate the strong participation and engagement demonstrated by our shareholder base and would like to provide a comprehensive summary of the meeting, including the matters voted upon and the questions raised by shareholders in advance of, and during, the meeting.
Annual Meeting Overview
The Annual Meeting was duly convened with 7,192,558 shares represented, corresponding to
Opening Remarks
In my remarks as Chairman and Chief Executive Officer, I highlighted that 2025 was a year defined by disciplined execution, strategic focus, and meaningful operational advancement. During the year, IQSTEL strengthened its core telecom business, expanded its initiatives in Fintech, Cybersecurity, and Artificial Intelligence, and continued building a strong foundation for long-term, sustainable growth.
We remain committed to operating with precision in a dynamic environment, improving efficiency, enhancing our service capabilities, and ensuring that our strategy translates into measurable results for our shareholders. I also expressed my appreciation to our employees, partners, stakeholders, and Board of Directors for their dedication, guidance, and commitment to strong corporate governance.
1. Election of Directors
Shareholders voted on the election of five directors to serve until the next Annual Meeting and until their successors are duly elected and qualified.
Election Results:
Nominee | Votes For | % For |
Leandro Iglesias | 5,221,035 | 99.03 % |
Alvaro Quintana | 5,208,372 | 98.79 % |
Italo Segnini | 5,169,737 | 98.06 % |
Raul Perez | 5,152,463 | 97.73 % |
Jose Antonio Barreto | 5,188,337 | 98.41 % |
Based on these results, all five nominees were duly elected.
2. Ratification of Independent Registered Public Accounting Firm
Shareholders voted on the ratification of the Company's independent registered public accounting firm for the current fiscal year.
Results:
- Votes For: 6,777,549
- Percentage For:
98.13%
The appointment of the independent auditor was ratified.
Shareholder Questions and Management Responses
The following questions were collected by email prior to the meeting and during the live Q&A session. Management addressed each question in full.
1. What was the Company's most important financial achievement in 2025?
In 2025, IQSTEL reached several major financial milestones that significantly strengthened the Company's foundation.
During the third quarter, the Company surpassed a
Following the completion of the Globetopper acquisition, IQSTEL achieved a more diversified revenue mix of approximately
In addition, the Company reported that it is now convertible-debt-free, with no convertible notes and no warrants outstanding, materially strengthening the balance sheet and enhancing shareholder value.
2. How does the Company plan to achieve a
The Company's plan is based on a disciplined combination of operational execution and strategic growth, including:
a) Operational optimization and organic growth
IQSTEL is focused on reducing costs, consolidating operations, improving efficiency, and developing new products and business lines designed to expand margins and profitability.
b) Strategic acquisitions
The Company plans to execute key acquisitions, each targeted to contribute seven-figure annual EBITDA, accelerating profitability while strengthening the overall business platform.
3. How does the Company plan to finance these strategic acquisitions?
IQSTEL has been working with a commercial bank that has expressed interest in financing at least one acquisition using a structure based on the free cash flow generated by the acquired business once integrated into IQSTEL.
At the same time, the Company continues to work closely with long-term investors to implement a multi-year funding strategy, designed to support the acquisition plan over the next five years and aligned with the Company's objective of becoming a profitable company with over
4. How will the Company improve communication with shareholders?
In 2026, IQSTEL is entering a new phase of governance and transparency.
Key initiatives include:
- Increasing the Board of Directors' meeting cadence to two meetings per month
- Introducing quarterly earnings calls, where management will:
- Review financial results
- Discuss strategic progress
- Address shareholder questions directly
- Review financial results
Additionally, for each significant strategic acquisition, the Company plans to seek shareholder approval via proxy, providing a clear summary of the transaction's economics so shareholders can make informed decisions.
5. Why does management believe the Company is undervalued, and what is the plan to close that gap?
Management believes IQSTEL is undervalued based on its financial fundamentals and execution record. As reported in Q3, the Company disclosed:
$12.23 $4.66 - No dilutive convertible debt
To close the valuation gap, the Company has implemented an active investor engagement strategy, including:
- Webinars with family offices
- Investor roadshows
- Executive interviews
- Continuous market communication
These efforts will be further strengthened through quarterly earnings calls and shareholder-approved strategic acquisitions. Management believes that continued execution and improving financial results will lead the market to increasingly recognize IQSTEL's intrinsic value.
6. What is IQSTEL's AI strategy, and what should shareholders expect in 2026?
IQSTEL's AI strategy is a core differentiation factor within the telecom and digital services industry. The Company views AI as a strategic tool to enhance product quality, improve operational efficiency, and better serve multiple industry verticals.
Currently, IQSTEL has two production-ready AI products:
- AIRWEB – An AI-powered digital assistant for web-based customer interactions, sales, and support.
- IQ2CALL – An AI-driven voice and call automation platform designed for telecom and enterprise environments.
In addition, the Company is in the process of launching a new AI service, expected to be introduced ahead of its participation at Mobile World Congress in
The Company has already begun to gain commercial traction in AI, including increased customer interest, qualified business leads, and early deployments. Management expects AI-driven products to generate seven-figure annual revenue by 2027, further strengthening IQSTEL's positioning as an innovative, technology-driven global company.
Closing Remarks
We thank all shareholders for their continued support, engagement, and trust. IQSTEL remains committed to executing its strategy with discipline, transparency, and a long-term perspective. The opportunities ahead are significant, and we look forward to another productive year.
Sincerely,
Leandro Iglesias
Chairman of the Board & Chief Executive Officer
IQSTEL Inc.
About IQSTEL Inc.
IQSTEL Inc. (NASDAQ: IQST) is a Global Connectivity, AI, and Digital Corporation providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.
These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
For more information, please visit www.IQSTEL.com.
Official Investors Landing Page: www.landingpage.iqstel.com
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SOURCE iQSTEL
FAQ
What were the key voting outcomes at IQSTEL's January 30, 2026 annual meeting (IQST)?
How did IQSTEL report its 2025 financial progress and revenue run rate (IQST)?
What is IQSTEL's plan to reach a $15 million EBITDA run rate in 2026 (IQST)?
How will IQSTEL finance its planned acquisitions and growth initiatives (IQST)?
What are IQSTEL's AI revenue expectations and product status for 2026–2027 (IQST)?
How will IQSTEL improve shareholder communication and governance in 2026 (IQST)?
