# EDGAR Filing Document

**Accession Number:** 0001938338
**File Stem:** 0001477932-25-008041
**Filing Date:** 2025-11
**Character Count:** 29484
**Document Hash:** 6c84709be7adb167baa7eca6d470ab81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-25-008041.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001477932-25-008041

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251112

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**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:** 251469053

**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**

**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>November 12, 2025</u>**

---

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

---

---

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

---

---

| | |
|:---|:---|
| **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>**

______________________________________________

(Former name or former address, if changed since last report)

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 November 12, 2025, GlobalTech Corporation ("<u>GlobalTech</u>" or the "<u>Company</u>") issued a press release disclosing its financial results for the quarter ended September 30, 2025. 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>Investor</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.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1\*](global_ex991.htm) | [Press Release of GlobalTech Corporation, dated November 12, 2025](global_ex991.htm) |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K |

---

\* 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: November 12, 2025 |

---

3<br>

## Exhibit 99.1

**EXHIBIT 99.1**

![](global_ex991img1.jpg)

**GlobalTech Corporation Reports Third Quarter 2025 Financial Results**

RENO, Nev., November 12, 2025 (GLOBE NEWSWIRE)--GlobalTech Corporation (OTCID:GTLK)("GlobalTech" or the "Company"), a technology holding company specializing in artificial intelligence (AI) and big data solutions, today announced its financial results for the third quarter ended September 30, 2025.

**<u>Third Quarter Financial Highlights</u>**

· Net revenue increased 10% to $5.5 million, compared to $5.0 million in Q3 2024

· Operating Loss was $516,000, versus a loss of $1,100,000 in the year-ago period

· Net loss was $713,000, compared to net loss of $456,000 in Q3 last year

· Adjusted EBITDA was $10,000, compared to $946,000 in Q3 2024\*

· Net loss per common share was negative $0.005, versus negative $0.007 in Q3 2024

· Operating cash flow was $283,000, versus $390,000 in Q3 2024

· Cash and cash equivalents were $3.8 million as of September 30, 2025, including $2.8 million in restricted cash

Dan Green, GlobalTech CEO commented, "Our third quarter reflected continued top-line growth and steady execution of our transformation toward a service- and technology-centric business. We have made meaningful progress across each of our technology segments and strengthened our leadership team with the appointment of Frank Parrish as President, who brings deep operational and growth experience to help accelerate our next phase of expansion. We also added seasoned finance and audit professional Iqbal Safdar to the team as director of operations."

Our Technology Services and Products segment continue to expand, highlighted by strong client delivery and growing software revenues. We completed a blockchain-based custom platform on Hyperledger® for a UK client and are seeing growing momentum as more products move toward commercial readiness.

Our BillCare platform (www.billcare.io), initially developed as an internal billing system, has evolved into a commercial-grade subscriber management solution for the cable industry and is now being launched in the U.S.

In digital finance, our CADNZ platform, an AI-ready digital lending solution for community banks and credit unions, is nearing commercial launch, representing what we believe is a major future growth opportunity.

Within compliance and risk management, our EntityScan, EDFI-AI, and HyperLocal PEP Scan products are designed to enhance fraud detection, sanctions screening, and risk analysis using advanced AI and data modeling, all ready for commercialization in global markets.

We are also developing Thrivo.AI, an integrated ERP and e-commerce platform that leverages AI-driven analytics to optimize retail performance, and a Sports League Management System, based on the Crickslab core engine, being adapted for baseball and softball with integrated video analytics, community engagement, and live broadcasting features.

"Together, we believe that these initiatives, combined with Frank's leadership, position GlobalTech at the intersection of connectivity, compliance, and data intelligence, laying the foundation for expected sustainable, growth in 2026 and beyond," stated Mr. Green.

![](global_ex991img1.jpg)

**<u>Financial Overview:</u>**

· Revenue growth of 10% over the third quarter of 2024 was driven by telecom services, which increased 5% to $4.6 million and broadband services, which increased 397% to $1.3 million. This was partially offset by technology and other services, which declined to $9,000, down from 399,000 in the year-ago period.

· Direct operating costs rose to $4.8 million, from $4.6 million due to higher interconnect and settlement charges and revenue share cost.

· Other operating costs increased slightly to $0.8 million, from $0.7 million, mainly reflecting higher legal and professional fees.

· Depreciation and amortization declined to $0.4 million, from $0.7 million as certain intangible assets reached full amortization.

· Finance costs decreased to $0.4 million, from $0.45 million due to reduction in policy rate.

· Other income totaled $0.27 million, compared to $1.19 million in the prior year, reflecting lower deposit-related income.

Detailed financial information can be found on the Company's Website, and in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025, and available at <u>www.sec.gov</u>.

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

**About GlobalTech Corporation**

GlobalTech Corporation is a U.S.-based technology holding company committed to enabling growth in the fields of AI, big data, and frontier technologies. Through strategic partnerships and capital investment, GlobalTech empowers visionary companies and innovation-led enterprises to drive transformation across global markets it serves.

For more information, visit: <u>www.globaltechcorporation.com</u>

***Non-GAAP Financial Measures***

We have included non-U.S. generally accepted accounting principles (GAAP) 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 operating loss and Adjusted EBITDA differently than the Company does, limiting its usefulness as a comparative measure. You should not consider non-GAAP operating loss 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.

![](global_ex991img1.jpg)

We realized revenue, Adjusted EBITDA and non-GAAP loss from operations during the periods presented below as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended**<br> **September 30,** | **Three months ended**<br> **September 30,** | **Nine months ended** <br> **September 30,** | **Nine months ended** <br> **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Net revenue | $5540550 | 5017195 | $15510338 | 13282159 |
| Adjusted EBITDA | 10295 | 945641 | 97003 | 646188 |
| Non-GAAP (loss)/profit from operations | $(242232) | 87639 | $(1657347) | (1483538) |

---

Set forth below is a presentation and reconciliation of our non-GAAP loss from operations and Adjusted EBITDA for the three months ended September 30, 2025 and 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Loss from operations | $(516438) | $(1099408) | $(2447344) | $(3168968) |
| Plus, other income | 274206 | 1187047 | 589997 | 1685432 |
| Non-GAAP income (loss) from operations | (242232) | 87639 | (1657347) | (1483538) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** |
|  | **September 30,** | **September 30,** | **September 30,** | **September 30,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Net revenue | $5540550 | $5017195 | $15510338 | $13282159 |
| &nbsp;&nbsp;&nbsp;&nbsp; GAAP net loss | (713086) | (455818) | (2948837) | (3108591) |
| Add back (subtract) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 423257 | 744475 | 1499207 | 2232909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance cost | 404095 | 445833 | 1094631 | 1431785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxation | 66760 | 97623 | 196858 | 193269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange loss | (170731) | 113525 | 255144 | (103184) |
| Adjusted EBITDA | $10295 | $945641 | $97003 | $646187 |

---

Non-GAAP operating loss is defined as GAAP operating loss plus other income.

![](global_ex991img1.jpg)

**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. The important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, our need for additional capital, the terms of such capital and potential dilution caused thereby; foreign currency exchange losses, fluctuations and translation risks related to our business in Pakistan; the international economic environment, geopolitical developments and unexpected global events which could cause our business to decline; investing in emerging markets, where our operations are located, is subject to greater risks than investing in more developed markets, including significant political, legal and economic risks; our revenue performance can be unpredictable by nature; we operate in highly competitive markets, which we expect only to become more competitive; we may be unable to keep pace with technological changes and evolving industry standards; we are exposed to cyber-attacks and other cybersecurity threats that may lead to compromised or inaccessible telecommunications, digital and financial services, and/or leaks or unauthorized processing of confidential information, and perceptions of such threats may cause customers to lose confidence in our services; the telecommunications industry is highly capital-intensive and requires substantial and ongoing expenditures of capital; we may also be subject to increases in license fees for some of our licenses or to obtain new licenses; the loss of important intellectual property rights, as well as third-party claims that we have infringed on their intellectual property rights; our substantial amounts of indebtedness and debt service obligations could materially decrease our cash flow, which could adversely affect our business and financial condition; our status as a controlled company; the fact that no active trading market for our common stock exists, and an active trading market may not develop or be sustained in the future; stockholders may be diluted significantly through our efforts to obtain financing and satisfy obligations through the issuance of additional shares of the common stock, including upon conversion of certain outstanding convertible notes; the telecommunications industry is a highly regulated industry, and we are subject to an extensive variety of laws and operate in uncertain judicial and regulatory environments, which may result in unanticipated outcomes that could harm our business; our operating subsidiaries are located in Pakistan, and their assets are in Pakistan, which may affect shareholder rights, including the ability to enforce civil liabilities under U.S. securities laws; we are, and may in the future be, involved in, associated with, or otherwise subject to legal liability in connection with disputes and litigation with regulators, competitors, and third parties; our licenses are granted for specific periods and may be suspended, revoked, or we may be unable to extend or replace these licenses upon expiration; we may be affected by economic downturns both in Pakistan and globally, changes in inflation and interest rates, tariffs, increased costs of borrowing associated therewith and potential declines in the availability of such funding; and risks relating to future divestitures, asset sales, joint ventures and acquisitions.

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, 2024 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, 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.

**Contact:**

Louie Toma

CORE IR

<u>louie@coreir.com</u>

212-655-0924

![](global_ex991img1.jpg)

---

| | | |
|:---|:---|:---|
| **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** |
| **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** | **CONDENSED CONSOLIDATED BALANCE SHEETS** |
| **As of September 30, 2025 and December 31, 2024** | **As of September 30, 2025 and December 31, 2024** | **As of September 30, 2025 and December 31, 2024** |
|  | **September 30,** | **December 31,** |
|  | **2025** | **2024** |
| ASSETS | **(Unaudited)** |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $1069413 | $822251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Restricted cash | 2761779 | 2633019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable – net - Pledge | 4118724 | 3780777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short term investments - Pledge | 980509 | 970596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prepayments | 25656 | 60234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stores and spares - Pledged | 836199 | 838641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans and advances | 4953363 | 4660122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other receivables | 1431479 | 1570148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 16177122 | 15335788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment - Mortgage | 15887678 | 16936286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Operating lease right-of-use assets | 417688 | 451111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intangible assets – net - Mortgage | 9607796 | 10264049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advances for Intangible assets | 12463922 | 2377010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long term loans and other assets | 1603884 | 3123604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deferred tax asset | 8381217 | 8468381 |
| TOTAL ASSETS | $64539307 | $56956229 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade and other payables | $27473942 | $27263298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Current portion of non-current liabilities | 8359088 | 7413649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accrued interest | 3873503 | 3545054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short term borrowings | 888081 | 1103560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provision for taxation – net | 1246050 | 1125182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 41840664 | 40450743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Term finance certificates |  | 906455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long term financing – secured | 1027500 | 1154484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible loan | 1400000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Long term deposits and payable | 1760819 | 1412328 |
| &nbsp;&nbsp;&nbsp;&nbsp; License fee payable | 161537 | 163217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Operating lease liability | 535400 | 635030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Post employment benefits | 683272 | 676084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other payables | 341888 | 709976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total non-current liabilities | 5910416 | 5657574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES | $47751080 | $46108317 |
| CONTINGENCIES AND COMMITMENTS |  |  |
| SHAREHOLDERS' EQUITY: |  |  |
| Common stock, $0.0001 par value - 500,000,000 shares authorized and 149,933,391 and 139,933,391 issued and outstanding shares at September 30, 2025 and December 31, 2024, respectively. | 14993 | 13993 |
| Additional paid in capital | 9999000 |  |
| Accumulated other comprehensive loss | (1503766) | (896497) |
| Accumulated deficit | (39745356) | (38110867) |
| Non – controlling interest | 48023356 | 49841283 |
| TOTAL SHAREHOLDERS' EQUITY | 16788227 | 10847912 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $64539307 | $56956229 |

---

![](global_ex991img1.jpg)

**GLOBALTECH CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)**

**FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **FOR THE THREE MONTHS** | **FOR THE THREE MONTHS** | **FOR THE NINE MONTHS** | **FOR THE NINE MONTHS** |
|  | **ENDED** | **ENDED** | **ENDED** | **ENDED** |
|  | **2025** | **2024** | **2025** | **2024** |
| NET REVENUE | $**5540550** | $5017195 | $**15510338** | $13282159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Direct operating costs (exclusive of depreciation and amortization shown below) | **(4816398)** | (4647157) | **(13859483)** | (12379248) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other operating costs | **(805065)** | (708566) | **(2108064)** | (1720866) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | **(423236)** | (744476) | **(1499207)** | (2232909) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other expenses | **(12289)** | (16404) | **(290928)** | (118104) |
| OPERATING LOSS | **(516438)** | (1099408) | **(2247344)** | (3168968) |
| OTHER: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income – net | **274206** | 1187047 | **589997** | 1685430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance cost | **(404094)** | (445834) | **(1105755)** | (1431784) |
| &nbsp;&nbsp;&nbsp;&nbsp; LOSS BEFORE TAXATION | **(646326)** | (358195) | **(2763102)** | (2915322) |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxation | **(66760)** | (97623) | **(196858)** | (193269) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET LOSS | $**(713086)** | $(455818) | $**(2959960)** | $(3108591) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET LOSS ATTRIBUTABLE TO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common shareholders of GlobalTech Corporation | **(394214)** | (260844) | **(1634490)** | (1724646) |
| &nbsp;&nbsp;&nbsp;&nbsp; Non - controlling interest (NCI) | **(318872)** | (194974) | **(1325470)** | (1383945) |
| Net loss attributable to parent | **(713086)** | (455818) | **(2959960)** | (3108591) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss per common share: basic and diluted | $**(0.005)** | $(0.007) | $**(0.020)** | $(0.012) |
| &nbsp;&nbsp;&nbsp;&nbsp; Weighted-average common shares used to compute basic and diluted loss per share | **146416907** | 139763391 | **146416907** | 139763391 |

---