For the year ending 2025-12-31, GLTK had -$2,004,137 decrease in cash & cash equivalents over the period. -$1,821,875 in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -3,147,247 |
| Depreciation and amortization | 2,134,459 |
| Gain on disposal of tangible assets | 2,575 |
| Gain on lease termination | -114,489 |
| Fair value gain on short term investment | -118,727 |
| Interest accretion on liabilities | 1,273,826 |
| Liabilities written back on settlement with parties | -1,670,548 |
| Post-employment benefits | 142,292 |
| Income on deposits, advances and savings accounts | -153,350 |
| Exchange loss on liabilities | 222,153 |
| Provision/(reversal) for credit losses of trade and other receivables | -226,249 |
| Stores and spares | 3,631 |
| Stock in trade | -5,225,746 |
| Trade debts | -4,502,280 |
| Advances | 327,364 |
| Short term investment | -66,535 |
| Prepayments | 900,000 |
| Due from related parties | 144,773 |
| Other receivables | 101,876 |
| Trade and other payables | 11,500,948 |
| Long term deposits and payables | 274,839 |
| Due to related parties | 1,533,845 |
| Long term receivables and other assets | 108,528 |
| Post-employment benefits paid | -37,132 |
| Income on deposits and saving accounts | 153,350 |
| Lease rental payments | -125,240 |
| Finance cost paid | -1,636,636 |
| Income tax paid | -799,414 |
| Net cash (used in)/generated from operating activities | -1,514,638 |
| Purchase of property and equipment | 307,237 |
| Advance to a related party | 3,360,688 |
| Advance for intangible assets | 86,911 |
| Proceeds from disposal of assets | 18,264 |
| Net cash used in investing activities | -3,736,572 |
| Repayment of term finance certificates | 96,746 |
| Repayment of long-term financing | 198,072 |
| Receipt of convertible loan | 1,625,000 |
| Receipt of short-term borrowing | 1,845,490 |
| Issuance of common stock | 71,400 |
| Net cash generated from/ (used in) financing activities | 3,247,073 |
| Net decrease in cash and cash equivalents | -2,004,137 |
| Cash and restricted cash at the beginning of the year | 3,455,270 |
| Exchange effect | 1,798,614 |
| Cash and restricted cash at the end of the year | 3,249,747 |
GlobalTech Corp (GLTK)
GlobalTech Corp (GLTK)