GlobalTech Corp. (OTC: GLTK) reported first-quarter 2026 net revenue of approximately $10.4 million, a significant increase from roughly $4.3 million in the same period last year. The growth was primarily driven by contributions from its 51% ownership interest in 123 Investments Limited, which operates the Moda in Pelle premium footwear platform, acquired in December 2025. The company also reported total assets of approximately $100.8 million and shareholders’ equity of about $36.1 million as it continues integrating its expanded operating portfolio.
The results underscore GlobalTech’s strategy of acquiring and scaling operating businesses across telecommunications, artificial intelligence, data infrastructure, and consumer-facing digital platforms. According to the company, its model combines real operating assets with centralized engineering and commercialization capabilities to develop and deploy AI-driven products across its portfolio. By leveraging its operating subsidiaries as live environments, GlobalTech aims to validate, refine, and scale technology solutions, accelerating commercialization while reducing traditional development risk.
The company’s disciplined capital deployment and operational integration focus are designed to drive long-term revenue growth and shareholder value. The Moda in Pelle acquisition represents a key component of this strategy, providing a tangible revenue stream and a platform for cross-portfolio synergies.
For more details, the full press release is available at https://ibn.fm/fSjWp. Investors can find the latest news and updates relating to GLTK in the company’s newsroom at https://ibn.fm/GLTK.
