Globaltech Corporation (GLTK) reported second-quarter 2026 net revenue of $11.1 million, up 98% from $5.6 million a year earlier. The company posted net income of $534,403, compared with a net loss of $1.1 million in the prior-year quarter.
Revenue for the first six months of 2026 reached $21.5 million, up 116% from $10.0 million. Results included 123 Investments Limited, acquired in December 2025, which operates the Moda in Pelle footwear business.
- Second-quarter operating loss was $3.8 million, versus $1.0 million a year earlier.
- Second-quarter other income was $5.2 million, including a $2.9 million gain from the disposal of two subsidiaries and $1.8 million of dividend income.
- Net income attributable to Globaltech common shareholders was $215,178, or $0.001 per basic and diluted common share.
- Six-month net loss was $3.5 million, compared with a $2.2 million loss in the prior-year period.
- Cash and cash equivalents were approximately $0.8 million as of June 30, 2026, with approximately $2.8 million in restricted cash.
- The company reported approximately $8.7 million of principal debt and said about $4.74 million of repayments are required over the following 12 months.
