| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.30 | 45.2% |
| Total Income | 6.30 | 45.2% |
| Expenditure | 9.55 | 153.3% |
| PBT | -3.96 | 270.1% |
| Net Profit | -4.03 | 256.6% |
| OPM | -51.55% | 29.82pp |
| NPM | -63.97% | 38.05pp |
| EPS | -0.01 |
GlobalTech Reports Q1 2026 Revenue Increased to $10.4 Million
21 May 2026 · 21 May, 5:07 pm
Summary
Globaltech Corporation reported its financial results for the first quarter ended March 31, 2026. Net revenue increased to $10.4 million, compared to $4.3 million for the same period in 2025, primarily due to the inclusion of revenue from 123 Investments Limited. The company reported a GAAP net loss of $4.0 million, compared to a net loss of $1.1 million in the prior-year period. As of March 31, 2026, total assets were approximately $100.8 million and total shareholders’ equity was approximately $36.1 million.
Key Highlights
- 1
Globaltech's net revenue increased to $10.4 million for Q1 2026, compared to $4.3 million for the same period in 2025.
- 2
The company reported a GAAP net loss of approximately $4.0 million for the quarter ended March 31, 2026, compared with a GAAP net loss of approximately $1.1 million for the prior-year period.
- 3
As of March 31, 2026, Globaltech reported total assets of approximately $100.8 million and total shareholders’ equity of approximately $36.1 million.
- 4
The increase in revenue primarily reflects revenue included from the Company’s 51% ownership interest in 123 Investments Limited.
- 5
Loss per common share was $(0.014) for Q1 2026, compared to $(0.004) in Q1 2025.
Management Comments
Dan Green
“Q1 2026 was an important consolidation quarter for Globaltech,” said Dan Green, Chief Executive Officer of Globaltech. “Our reported revenue base expanded materially following the addition of a controlling interest in Moda in Pelle, while we continued to operate across telecom, broadband, technology services, and retail commerce. At the same time, we recognize that revenue growth alone is not the only measure of success. Our focus is on disciplined integration, practical execution, cost control, and building a more consistent operating cadence across the portfolio.” Green continued: “We are managing Globaltech with a long-term orientation. That means reporting progress carefully, investing where there is visible proof, and maintaining a clear distinction between what is operating today and what remains under development. We believe shareholders are best served by disciplined capital allocation, conservative communication, and measurable execution.”
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