GlobalTech Corporation (OTC: GLTK) reported net revenue of $22.1 million for the fiscal year ended December 31, 2025, compared to $18.3 million in the previous fiscal year. This increase was primarily driven by a $1.4 million rise in telecommunications services revenue, attributed to increased international termination traffic, and a $0.35 million increase in broadband services revenue due to 57,000 additional internet service connections. Technology revenue also contributed to the growth, reaching $2.5 million compared to $1.1 million in the prior year, reflecting increased software development and solution sales. The acquisition of 123 Investments Limited in December 2025 added $0.64 million in retail footwear revenue.
Despite the revenue growth, GlobalTech reported a net loss of $3.1 million for 2025, slightly higher than the $2.9 million loss in 2024. Direct operating costs increased to $20.1 million from $16.8 million, primarily due to higher interconnect and settlement charges associated with the increased international termination revenue. Other operating costs also rose to $3.3 million from $2.5 million, driven by increased legal, professional, and business promotion expenses. Depreciation and amortization expenses decreased to $2.1 million from $2.8 million due to the full amortization of certain intangible assets.
Key operational developments included the expansion of the company's FTTH network and the migration of Hybrid Fiber Coaxial (HFC) subscribers to FTTH. The company also focused on developing and commercializing technology platforms incorporating AI and Big Data, with a focus on regulatory compliance, e-commerce integration, and big data platforms. The company's 55%-owned subsidiary, WorldCALL Public, maintained its position as a major cable television operator in Pakistan, while also expanding its technology services offerings.
Looking ahead, GlobalTech plans to continue investing in its holding companies to grow revenues, enable new technologies, and expand into new markets and products. The company also aims to maximize investor returns through diligent execution and continuous optimization, while ensuring ethical and responsible innovation. The company is targeting the second quarter of 2026 for the commercial launch of its CADNZ digital lending platform and Thrivo.AI e-commerce platform. The company also plans to launch the League/Club/Team/Player Management component of its sports league management system in the second quarter of 2025, with the live streaming, coaching, merchandizing and community management modules expected in the first or second quarter of 2026.
About GlobalTech Corp
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