# EDGAR Filing Document

**Accession Number:** 0001938338
**File Stem:** 0001477932-26-003382
**Filing Date:** 2026-5
**Character Count:** 29237
**Document Hash:** c91bf9373cf7e7fcf93c08af7205182f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-26-003382.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001477932-26-003382

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260521

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GlobalTech Corp
- **CENTRAL INDEX KEY:** 0001938338
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 823926338
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56482
- **FILM NUMBER:** 261005893

**BUSINESS ADDRESS:**
- **STREET 1:** 3550 BARRON WAY, SUITE 13A
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511
- **BUSINESS PHONE:** 775-624-4817

**MAIL ADDRESS:**
- **STREET 1:** 3550 BARRON WAY, SUITE 13A
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511

?xml version='1.0' encoding='ASCII'? global_8k.htm

**UNITED STATES**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): **<u>May 21, 2026</u>**

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| |
|:---|
| **GlobalTech Corporation** |
| (Exact name of registrant as specified in its charter) |

---

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| | | |
|:---|:---|:---|
| **Nevada** | **000-56482** | **82-3926338** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

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| | |
|:---|:---|
| **3550 Barron Way Suite 13a, Reno, NV** | **89511** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **<u>775-624-4817</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02 Results of Operations and Financial Condition.**

On May 21, 2026, GlobalTech Corporation ("<u>Globaltech</u>" or the "<u>Company</u>") issued a press release disclosing its financial results for the quarter ended March 31, 2026. A copy of the press release, which includes a summary of such financial results, is furnished as <u>Exhibit 99.1</u> to this Form 8-K and incorporated herein by reference.

The information contained in this Current Report and <u>Exhibit 99.1</u> hereto shall not be deemed "<u>filed</u>" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing.

This Current Report on Form 8-K, including the press release furnished as <u>Exhibit 99.1</u> to this Current Report on Form 8-K, contains forward-looking statements, and, as such, may involve known and unknown risks, uncertainties and assumptions. You can identify these forward-looking statements by words such as "<u>may,</u>" "<u>should,</u>" "<u>expect,</u>" "<u>anticipate,</u>" "<u>believe,</u>" "<u>estimate,</u>" "<u>intend,</u>" "<u>plan</u>" and other similar expressions. These forward-looking statements relate to the Company's current expectations and are subject to the limitations and qualifications set forth in the press release as well as in the Company's other filings with the Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements. These statements also involve known and unknown risks, which may cause the results of the Company, its divisions and concepts to be materially different than those expressed or implied in such statements, including, but not limited to those referenced in the press release. Accordingly, readers should not place undue reliance on any forward-looking statements. Forward-looking statements may include comments as to the Company's beliefs and expectations as to future financial performance, events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the Company's control. More information on potential factors that could affect the Company's financial results is included from time to time in the "<u>Forward-Looking Statements,</u>" "<u>Risk Factors</u>" and "<u>Management's Discussion and Analysis of Financial Condition and Results of Operations</u>" sections of the Company's periodic and current filings with the SEC, including the Form 10-Qs and Form 10-Ks, filed with the SEC and available at <u>www.sec.gov</u> and in the "<u>Investors</u>" – "<u>SEC Filings</u>" section of the Company's website at <u>www.globaltechcorporation.com</u>. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as otherwise provided by law.

**Item 9.01 Financial Statements and Exhibits.**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1\*](global_ex991.htm) | [Press Release of GlobalTech Corporation, dated May 21, 2026](global_ex991.htm) |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K |

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\* Furnished herewith.

*The inclusion of any website address in this Form 8-K, and any exhibit thereto, is intended to be an inactive textual reference only and not an active hyperlink. The information contained in, or that can be accessed through, such website is not part of or incorporated into this Form 8-K.*

2<br>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| |
|:---|
| **GlobalTech Corporation** |
| */s/ Dana Green* |
| Dana Green<br>Chief Executive Officer |
| Date: May 21, 2026 |

---

3<br>

## Exhibit 99.1

**EXHIBIT 99.1**

**Globaltech Reports First Quarter 2026 Financial Results and Provides Business Update** 

**Revenue increased to $10.4 million for Q1 2026, reflecting expanded consolidated operations, including the contribution of Moda in Pelle / 123 Investments Limited**

Reno, Nevada. May 21, 2026. GlobalTech Corporation ("Globaltech" or the "Company") (OTCQB: GLTK), a U.S.-based technology platform, disclosed its financial results for the first quarter ended March 31, 2026, on May 15, 2026, and provides an update on its operating priorities.

For the three months ended March 31, 2026, Globaltech reported net revenue of approximately $10.4 million, compared with approximately $4.3 million for the same period in 2025. The increase primarily reflects revenue included from the Company's 51% ownership interest in 123 Investments Limited, which operates the Moda in Pelle retail premium footwear platform, acquired on December 15, 2025, as well as contributions from international termination, broadband, technology services, and retail footwear revenue streams.

As of March 31, 2026, Globaltech reported total assets of approximately $100.8 million and total shareholders' equity of approximately $36.1 million.

**Financial Highlights**

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| | | |
|:---|:---|:---|
| **Metric** | **Q1 2026** | **Q1 2025** |
| Net Revenue | $10.4 million | $4.3 million |
| GAAP Net Loss | $(4.0) million | $(1.1) million |
| GAAP Loss from Operations | $(3.2) million | $(0.9) million |
| Non-GAAP Loss from Operations\* | $(3.2) million | $(0.7) million |
| Adjusted EBITDA\* | $(1.3) million | $(0.1) million |
| Loss Per Common Share | $(0.014) | $(0.004) |

---

*\*A non-Generally Accepted Accounting Principles (GAAP) financial measure, see "Non-GAAP Financial Measures", below.*

The Company reported a GAAP net loss of approximately $4.0 million for the quarter ended March 31, 2026, compared with a GAAP net loss of approximately $1.1 million for the prior-year period. Net loss attributable to Globaltech common shareholders was approximately $2.1 million, or $(0.014) per basic and diluted share. The Company's Q1 2026 results were impacted by increased operating costs associated with the expanded consolidated business, integration of the retail footwear operations, depreciation and amortization, finance costs, and continued investment in the Company's operating and technology roadmap.

**Management Commentary**

"Q1 2026 was an important consolidation quarter for Globaltech," said Dan Green, Chief Executive Officer of Globaltech. "Our reported revenue base expanded materially following the addition of a controlling interest in Moda in Pelle, while we continued to operate across telecom, broadband, technology services, and retail commerce. At the same time, we recognize that revenue growth alone is not the only measure of success. Our focus is on disciplined integration, practical execution, cost control, and building a more consistent operating cadence across the portfolio."

Green continued: "We are managing Globaltech with a long-term orientation. That means reporting progress carefully, investing where there is visible proof, and maintaining a clear distinction between what is operating today and what remains under development. We believe shareholders are best served by disciplined capital allocation, conservative communication, and measurable execution."

**Operating Update**

During the quarter, Globaltech continued to integrate its expanded operating base following the December 2025 acquisition of a controlling interest in 123 Investments Limited, which operates the Moda in Pelle brand. Moda in Pelle is a premium footwear business with retail, online, wholesale, and concession channels in the United Kingdom.

The Company noted that Q1 results for Moda in Pelle reflected the seasonality and cost structure of the retail footwear business. The Company expects to continue evaluating integration, operational efficiencies, inventory management, and technology-enabled opportunities within the retail platform. Any future improvement will remain subject to consumer demand, retail market conditions, execution, cost management, and other business risks.

Globaltech also continued to advance its broader technology-focused strategy, including internal platform development and commercialization planning across data, AI-enabled workflow, digital commerce, and sports league management applications. The Company's approach remains proof-driven: prioritizing deployments, measurable use cases, and practical operating outcomes over promotional claims.

**Capital Markets and Public Company Readiness**

Globaltech continues to advance its public-company readiness, disclosure discipline, and capital markets roadmap. The Company remains focused on maintaining timely reporting, strengthening investor communications, improving internal review processes, bolstering corporate governance practices, and aligning public disclosures with applicable regulatory requirements and counsel review.

Following its upgrade to the OTCQB Venture Market, Globaltech continues to advance its public-company readiness and longer-term capital markets roadmap, including preparations for a potential uplisting to the Nasdaq Capital Market, subject to regulatory review, market conditions, and satisfaction of all applicable exchange listing requirements.

**Priorities for the Remainder of 2026**

For the remainder of 2026, Globaltech expects to focus on:

1. Integration discipline – improving operating visibility and reporting cadence across the consolidated portfolio.

2. Operating performance – identifying cost, margin, and working-capital opportunities across the expanded business.

3. Proof-first commercialization – advancing technology platforms through measurable deployments and customer use cases.

4. Capital allocation – prioritizing initiatives with clear strategic fit, practical economics, and shareholder logic.

5. Disclosure consistency – maintaining disciplined public communication and avoiding unsupported promotional claims.

The Company does not intend to pursue growth for its own sake. Its objective is to build a durable, technology-centric holding company supported by operating assets, disciplined execution, and scalable technology initiatives.

**Non-GAAP Financial Measures**

We have included non-GAAP loss from operations and Adjusted EBITDA in this press release as a supplement to GAAP measures of performance to provide investors with an additional financial analytical framework which management uses, in addition to historical operating results, as the basis for financial, operational and planning decisions and present measurements that third parties have indicated are useful in assessing the Company and its results of operations. Non-GAAP loss from operations and Adjusted EBITDA are presented because we believe they provide additional useful information to investors due to the various noncash items during the period. Adjusted EBITDA is also frequently used by analysts, investors and other interested parties to evaluate companies in our industry.

Non-GAAP loss from operations and Adjusted EBITDA have limitations as an analytical tool, and you should not consider them in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: Adjusted EBITDA does not reflect cash expenditures, future requirements for capital expenditures, or contractual commitments; Adjusted EBITDA does not reflect changes in, or cash requirements for, working capital needs; and Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments. For example, although depreciation and amortization are noncash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements. We believe non-GAAP loss from operations provides our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as this metric includes the effect of other income. Additionally, other companies in our industry may calculate non-GAAP loss from operations and Adjusted EBITDA differently than the Company does, limiting its usefulness as a comparative measure. You should not consider non-GAAP loss from operations and Adjusted EBITDA in isolation, or as a substitute for analysis of the Company's results as reported under GAAP. The Company's presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or nonrecurring items. We compensate for these limitations by providing a reconciliation of these non-GAAP measures to the most comparable GAAP measure. We encourage investors and others to review our business, results of operations, and financial information in their entirety, not to rely on any single financial measure, and to view these non-GAAP measures in conjunction with the most directly comparable GAAP financial measure.

The Company defines non-GAAP loss from operations as GAAP loss from operations plus other income. The Company defines Adjusted EBITDA as GAAP net loss, plus depreciation and amortization, finance cost, income taxes, and exchange gain or loss. Non-GAAP loss from operations and Adjusted EBITDA are reconciled to GAAP below.

***Reconciliation of GAAP Loss from Operations to Non-GAAP Loss from Operations***

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| | | |
|:---|:---|:---|
| | **Q1 2026** | **Q1 2025** |
| GAAP Loss from Operations | $(3.247) million | $(0.944) million |
| Plus: Other Income | $0.084 million | $0.219 million |
| Non-GAAP Loss from Operations | $(3.164) million | $(0.725) million |

---

***Reconciliation of GAAP Net Loss to Adjusted EBITDA***

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| | | |
|:---|:---|:---|
| | **Q1 2026** | **Q1 2025** |
| GAAP Net Loss | $(4.029) million | $(1.125) million |
| *Add back (subtract)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Amortization | $1.909 million | $0.501 million |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Cost | $0.801 million | $0.347 million |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxation | $0.065 million | $0.054 million |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange Gain / Loss | $(0.072) million | $0.137 million |
| Adjusted EBITDA | $(1.327) million | $(0.086) million |

---

**About Globaltech Corporation**

Globaltech Corporation is a U.S.-based technology platform focused on operating businesses and technology-enabled platforms across telecom, broadband, retail commerce, AI, big data, and related digital services. Through strategic investments, operating subsidiaries, and technology initiatives, Globaltech seeks to build a diversified platform designed to support long-term value creation.

For more information, please visit **www.globaltechcorporation.com**.

**Forward-looking statements**

Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements, that involve a number of risks and uncertainties. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements.

Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation: (a) our ability to consolidate 123 Investments Limited's ("123 Investment's") operations into ours and realize the expected benefits of integrating 123 Investments' operations; (b) our strategic plans and treasury management initiatives; (c) our need for additional capital, the terms of such capital and the potential dilution to stockholders caused thereby, including through the issuance of additional shares of common stock or upon conversion of outstanding convertible notes; (d) foreign currency exchange losses, fluctuations and translation risks related to our business in Pakistan and the United Kingdom; (e) the international economic environment, geopolitical developments and unexpected global events, including economic downturns in Pakistan, the United Kingdom and globally, changes in inflation and interest rates, tariffs, increased borrowing costs and potential declines in the availability of funding; (f) the greater political, legal and economic risks associated with operating in emerging markets as compared to more developed markets; (g) the unpredictability of our revenue performance, including because a significant majority of our customers have not entered into long-term fixed contracts with us; (h) our ability to compete in highly competitive markets, which we expect to become increasingly competitive, and our ability to expand our customer base and retain existing customers; (i) our ability to keep pace with technological changes and evolving industry standards; (j) cyber-attacks and other cybersecurity threats that may lead to compromised or inaccessible telecommunications, digital and financial services, leaks or unauthorized processing of confidential information, and the potential loss of customer confidence resulting therefrom; (k) the highly capital-intensive nature of the telecommunications industry and the substantial and ongoing capital expenditures required to operate and grow our business; (l) the terms of our interconnect agreements and our access to third-party-owned infrastructure and networks over which we have no direct control; (m) increases in license fees and our ability to obtain, maintain, renew or replace licenses, which may be suspended or revoked; (n) risks related to our ability to continue conducting our activities in a manner that does not cause us to be deemed an investment company under the Investment Company Act of 1940, as amended; (o) the loss of important intellectual property rights or third-party claims alleging infringement of intellectual property rights; (p) our substantial indebtedness and debt service obligations, which could materially decrease cash flow and adversely affect our business and financial condition; (q) our ability to maintain ownership and control of Worldcall Telecom Limited and 123 Investments, as well as our status as a controlled company; (r) conflicts of interest; (s) our ability to comply with the extensive variety of laws and regulations applicable to our business and the uncertain judicial and regulatory environments in which we operate; (t) the fact that our operating subsidiaries, assets and certain of our officers and directors are located in Pakistan and the United Kingdom, which may affect shareholder rights, including the ability to enforce civil liabilities under U.S. securities laws; (u) the outcome of legal disputes, claims, investigations and litigation involving regulators, competitors and third parties; (v) risks relating to future divestitures, asset sales, joint ventures and acquisitions; (w) the absence of an active trading market for our common stock and the risk that such a market may not develop or be sustained; (x) future operating results; (y) our ability to uplist our common stock to Nasdaq, including the fact that we do not currently meet Nasdaq's initial listing requirements, may not meet such requirements in the future, may not have our application to list our common stock on Nasdaq be approved on a timely basis, if at all; and (z) other plans, objectives, expectations and intentions contained in this release that are not historical facts.

Other important factors that may cause actual results and outcomes to differ materially from those contained in the forward-looking statements included in this communication are described in Globaltech's publicly filed reports, including, but not limited to, Globaltech's Annual Report on Form 10-K for the year ended December 31, 2025, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and future Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. These reports are available at www.sec.gov. Globaltech cautions that the foregoing list of important factors is not complete. All subsequent written and oral forward-looking statements attributable to Globaltech or any person acting on behalf of Globaltech are expressly qualified in their entirety by the cautionary statements referenced above. Other unknown or unpredictable factors also could have material adverse effects on Globaltech's future results. The forward-looking statements included in this press release are made only as of the date hereof. Globaltech cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Globaltech undertakes no obligation to update these statements after the date of this release, except as required by law, and takes no obligation to update or correct information prepared by third parties that are not paid for by Globaltech. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

GLOBALTECH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2026 AND DECEMBER 31, 2025<br>

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| | | |
|:---|:---|:---|
|  | March 31,<br>2026 | December 31,<br>2025 |
| ASSETS | (Unaudited) |  |
| Current assets: |  |  |
| Cash and cash equivalents | $571222 | $528717 |
| Restricted cash | 2754669 | 2721030 |
| Accounts receivable – net – Pledge | 7996528 | 8283057 |
| Short term investments – Pledge | 1010895 | 1037131 |
| Prepayments | 1021733 | 960235 |
| Stores and spares – Pledged | 88510 | 835010 |
| Inventory | 4504008 | 5225746 |
| Advances | 4526074 | 4332758 |
| Due from related parties | 58883 | 158203 |
| Other receivables | 1415880 | 1426910 |
| Total current assets | 23948402 | 25508797 |
| Property, plant and equipment – Mortgage | 15862645 | 16074411 |
| Operating lease right-of-use assets | 1397282 | 1248106 |
| Intangible assets – net – Pledge | 45280247 | 46253581 |
| Goodwill | 4826373 | 4826375 |
| Advances to related party | 3481536 | 3360688 |
| Long term receivables and other assets | 3343373 | 3232132 |
| Deferred tax asset | 2622439 | 2641751 |
| TOTAL ASSETS | $100762297 | $103145841 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| Trade and other payables | $38339257 | $38416828 |
| Current portion of non-current liabilities | 9192853 | 8896008 |
| Accrued interest | 4216849 | 4044858 |
| Short term borrowings- Pledge | 3656787 | 2949049 |
| Due to related parties | 345959 | 347416 |
| Provision for taxation – net | 654075 | 634002 |
| Total current liabilities | 56405780 | 55288161 |
| Term finance certificates |  |  |
| Long term financing – secured | 485341 | 623629 |
| Long term financing – Convertible | 1625000 | 1625000 |
| Long term deposits and payable | 1908250 | 1687168 |
| License fee payable | 162808 | 162228 |
| Operating lease liability | 979894 | 977792 |
| Post employment benefits | 739342 | 704377 |
| Due to related parties | 2355964 | 2243820 |
| Total non-current liabilities | 8256599 | 8024014 |
| TOTAL LIABILITIES | $64662379 | $63312175 |
| CONTINGENCIES AND COMMITMENTS |  |  |
| SHAREHOLDERS' EQUITY: |  |  |
| Preferred stock, $0.0001 par value – authorized 50,000,000 shares of Series A Convertible Preferred Stock 82,800 and 82,800 issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 8280000 | 8280000 |
| Common stock, $0.0001 par value - 500,000,000 shares authorized and 151,071,091 and 150,719,091 issued and outstanding shares at March 31, 2026 and December 31, 2025, respectively. | 15107 | 15072 |
| Additional paid in capital | 12274286 | 11570321 |
| Accumulated other comprehensive loss | (547713) | (322182) |
| Accumulated deficit | (41944270) | (39824105) |
| SHAREHOLDERS' EQUITY ATTRIBUTABLE TO PARENT | (21922590) | (20280894) |
| Non – controlling interest | 58022508 | 60114560 |
| TOTAL SHAREHOLDERS' EQUITY | 36099918 | 39833666 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $100762297 | $103145841 |

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GLOBALTECH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025<br>

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| | | |
|:---|:---|:---|
|  | 2026 | 2025 |
| NET REVENUE | $10425009 | $4341720 |
| Direct operating costs (exclusive of depreciation and amortization shown below) | (7506868) | (3931698) |
| Other operating costs | (4231632) | (641745) |
| Depreciation and amortization | (1908637) | (501098) |
| Other expenses | (24974) | (210851) |
| OPERATING LOSS | (3247102) | (943672) |
| OTHER: |  |  |
| Other income – net | 83588 | 218938 |
| Finance cost | (801238) | (346737) |
| LOSS BEFORE TAXATION | (3964752) | (1071471) |
| Taxation | (64574) | (53733) |
| NET LOSS | $(4029326) | $(1125204) |
| NET LOSS ATTRIBUTABLE TO: |  |  |
| Common shareholders of Globaltech Corporation | (2120166) | (621113) |
| Non - controlling interest (NCI) | (1909160) | (504091) |
|  | (4029326) | (1125204) |
| Loss per common share: basic and diluted | $(0.014) | $(0.004) |
| Weighted-average common shares used to compute basic and diluted loss per share | 150829613 | 139933391 |

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**Contact**

Dan Green

775 636 3132