IQSTEL closes GlobeTopper acquisition, forecasting $34M revenue and positive EBITDA for H2 2025, aiming for $1B revenue by 2027. CEO expects $100M+ revenue run rate and $1M EBITDA with cross-selling and integration strategies. Acquisition aligns with strategic vision of reaching $400M annual revenue.
IQSTEL Inc.'s acquisition of 51% of GlobeTopper is now completed, propelling their global fintech expansion strategy towards the goal of reaching $1 billion in annual revenue by 2027. GlobeTopper is expected to bring in $34 million in revenue and $0.26 million in EBITDA for the second half of 2025, starting with $5 million in revenue for July and scaling up to over $6 million by December. Cross-selling opportunities and integration with IQSTEL's telecom platform, serving over 600 operators, are anticipated to drive GlobeTopper to exceed $100 million in revenue and $1 million in Adjusted EBITDA annually. The Unit Purchase Agreement forecasts GlobeTopper's standalone revenue of $85 million and EBITDA of $0.62 million for FY-2026, highlighting the strong business model. IQSTEL's CEO expressed confidence in surpassing a $400 million annual revenue run rate and achieving the $1 billion revenue target, enhancing shareholder value and market position.