GlobalTech Corp. (OTC: GLTK) reported first-quarter 2026 net revenue of approximately $10.4 million, a significant jump from about $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, operator of the Moda in Pelle premium footwear platform, which was acquired in December 2025.
The company reported total assets of approximately $100.8 million and shareholders’ equity of approximately $36.1 million as it continues integrating its expanded operating portfolio. The results underscore GlobalTech's strategy of acquiring and scaling operating businesses across multiple sectors.
GlobalTech is a publicly traded technology platform company focused on acquiring, integrating, and scaling operating businesses in 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.
Through this model, GlobalTech leverages its operating subsidiaries as live environments to validate, refine, and scale technology solutions, accelerating commercialization while reducing traditional development risk. The company's strategy is centered on disciplined capital deployment, operational integration, and building a scalable platform designed to drive long-term revenue growth and shareholder value.
The revenue jump highlights the impact of the Moda in Pelle acquisition, which added a premium footwear brand to GlobalTech's consumer-facing digital platform. The integration of this asset is expected to contribute to further growth as the company seeks to expand its AI and technology solutions across its portfolio.
For more details on the full press release, visit https://ibn.fm/fSjWp. The latest news and updates relating to GLTK are available in the company’s newsroom at https://ibn.fm/GLTK.
