GlobalTech Q1 Revenue More Than Doubles on Footwear Acquisition

GlobalTech Corporation (OTC: GLTK) has announced a robust financial performance for the first quarter of 2026, with net revenue reaching approximately $10.4 million—a significant increase from $4.3 million in the same period last year. This growth is primarily attributed to the company's 51% ownership interest in 123 Investments Limited, which operates the Moda in Pelle premium footwear platform, acquired in December 2025. The company reported total assets of about $100.8 million and shareholders' equity of approximately $36.1 million, reflecting ongoing integration of its expanded operating portfolio.

GlobalTech is a publicly traded technology platform company focused on acquiring, integrating, and scaling operating businesses across telecommunications, artificial intelligence, data infrastructure, and consumer-facing digital platforms. The company combines real operating assets with centralized engineering and commercialization capabilities to develop and deploy AI-driven products across its portfolio. By leveraging operating subsidiaries as live environments, GlobalTech validates, refines, and scales technology solutions, accelerating commercialization while reducing traditional development risk. Its strategy emphasizes disciplined capital deployment, operational integration, and building a scalable platform to drive long-term revenue growth and shareholder value.

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