iQSTEL, Inc. (Nasdaq: IQST), a dynamic and diversified multinational technology company, is making significant strides in its mission to become a global leader across various high-growth sectors. The company operates in 21 countries with over 100 employees and more than 600 global business interconnections. Its business model encompasses divisions focused on Telecommunications, Fintech, Artificial Intelligence (AI), and Cybersecurity, with strategic interests in Blockchain and Electric Vehicles. iQSTEL is currently implementing a new rebrand program aimed at expanding its presence in Fintech, AI, and Cybersecurity to address evolving challenges across multiple industries.

iQSTEL has demonstrated robust financial performance, reporting preliminary net revenue of approximately $77.8 million for the first four months of 2025, a 12% increase compared to the same period in 2024. This follows a strong Q1 2025 revenue of $57.6 million. The company projects total revenue of $340 million for the fiscal year 2025. This performance builds on a consistent history of growth, with revenues climbing from $13.8 million in 2018 to $283 million in 2024. For 2025, iQSTEL's operating business anticipates generating over $3 million in adjusted EBITDA and achieving a positive net income in the seven-digit range, driven by operational efficiencies and an increasing focus on high-margin services.

The company is firmly on a path to achieve $1 billion in annual revenue by 2027, with a near-term goal of reaching a $400 million revenue run rate by the end of the current year. A key aspect of this strategy is to achieve a revenue mix of 80% from its core Telecom operations and 20% from its expanding Tech services. This ambitious growth is underpinned by a multi-pronged strategy emphasizing organic growth, targeted acquisitions, and the expansion of high-margin product offerings.

iQSTEL's growth strategy is fueled by several key pillars. Beyond organic expansion within its existing customer base and the rollout of cutting-edge eSIM and roaming connectivity services, the company actively pursues strategic acquisitions, having completed 11 since 2018. This M&A activity is complemented by a focus on high-margin product development and a new rebrand program designed to enhance its market position in cutting-edge technology sectors.

A transformational milestone for iQSTEL was its successful uplisting to the NASDAQ Capital Market in 2025, accomplished without any capital raise or shareholder dilution. This achievement is expected to provide unprecedented commercial, financial, and strategic opportunities, including enhanced institutional access and global liquidity. Notably, platforms like Trading212.com now support IQST trading for European-based investors. The NASDAQ listing also boosts credibility with customers and partners, potentially catalyzing further growth, and provides a more attractive currency for acquiring EBITDA-positive businesses.

Signifying its aggressive expansion into the fintech sector, iQSTEL announced a definitive agreement to acquire 51% of GlobeTopper, a fintech innovator with operations across America, Europe, and Africa, effective July 1, 2025. GlobeTopper is projected to generate over $65 million in profitable revenue in 2025 alone. iQSTEL plans to invest up to $1.2 million over the next two years to accelerate GlobeTopper’s growth and product roadmap, leveraging iQSTEL's global commercial platform, which reaches over 600 telecom operators. Craig Span will continue as CEO of GlobeTopper, which will collaborate with GlobalMoneyOne.com to develop a 3-year business plan. This acquisition is a key step towards reaching the $400 million revenue run rate and the 80/20 telecom/tech revenue mix.

In another strategic move, iQSTEL has signed a Memorandum of Understanding (MOU) for the strategic sale of its BChain subsidiary to Accredited Solutions, Inc. (ASII). As part of this transaction, which aligns with current plans for a $1 million subsidiary sale, IQST shareholders are slated to receive ASII common shares as a dividend, further enhancing shareholder value as part of the Nasdaq uplisting plan.

iQSTEL's proven M&A capability is a cornerstone of its growth. Having successfully integrated 11 acquisitions since 2018, the company continues to actively target strategic acquisitions in telecom, fintech, AI, and cybersecurity, focusing on businesses that are EBITDA-positive and offer strong synergy potential. The company's robust and difficult-to-replicate platform, built over seven years, includes critical infrastructure, scale, and significant market presence.

iQSTEL is strategically leveraging its trusted telecom platform, which currently accounts for 99% of its revenue stream and generates positive adjusted EBITDA and net income, to introduce and scale a suite of high-margin, high-tech services. These include advanced High-Tech Telecom Solutions like eSIM, roaming, and cloud numbering; Fintech Services such as digital payments, remittance, and mobile banking; AI-Driven Customer Platforms for automation, support, and lead generation; and Cybersecurity Solutions tailored for telecom operators and infrastructure clients.

The company maintains a strong commitment to enhancing shareholder value. As of Q1 2025, key financial metrics highlighted this commitment, including Current Assets Per Share of $14.58, Current Revenue Per Share exceeding $100, and Current Stockholders’ Equity Per Share of $4.38 (totaling $11.6 million). iQSTEL boasts a shareholder-friendly capital structure with fewer than 2.9 million outstanding shares and all convertibles maturing in Q1 2026, alleviating short-term pressure. The company's stock trades at approximately 0.10x its 2024 revenue, suggesting significant revaluation potential when compared to NASDAQ peers in the telecom and tech sectors.

iQSTEL's journey has been marked by consistent delivery on major commitments to shareholders. This includes sustained revenue growth, the establishment of robust corporate governance with fully established Audit, Compensation, and Ethics Committees and an independent Board of Directors, and a successful uplisting trajectory from Pink Sheets to the NASDAQ without shareholder dilution. Net stockholders' equity has shown remarkable improvement from a deficit of $1.6 million (-$0.11 per share) in 2018 to $11.6 million ($4.38 per common share) as of March 31, 2025.

Looking ahead, iQSTEL is well-positioned to continue its accelerated growth and transformation into a high-tech multinational. The company's 2025 roadmap is sharply focused on profitable growth, operational scale, and long-term value creation for its shareholders, as it executes its vision to become a $1 billion revenue global technology powerhouse by 2027.