Globaltech Q1 FY26 net loss widens to USD 4.03 million; revenue more than doubled to USD 10.43 million

GLOBALTECH CORP

GLOBALTECH CORP

GLTK

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  • Globaltech reported net revenue of USD 10.4 million for the quarter ended March 31, 2026, more than doubled from USD 4.3 million a year earlier.
  • Net loss widened to USD 4 million from USD 1.1 million, while operating loss deepened to USD 3.25 million from USD 943,672.
  • Telecom services revenue rose to USD 3.91 million from USD 3.65 million, while broadband climbed to USD 551,050 from USD 337,017 due to additional internet service connection sales.
  • Technology revenue increased to USD 739,508 from USD 352,806 on delivery of IT projects, while retail footwear contributed USD 6.3 million following the December 15, 2025 acquisition of a 51% stake in 123 Investments.
  • Management said it plans to keep voice termination into Pakistan as its primary service through the rest of 2026, while expanding FTTH broadband and pushing commercial sales of software products including BillCare.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Globaltech Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-003208), on May 15, 2026, and is solely responsible for the information contained therein.

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