Global Technologies Ltd (GTLL) Q1 2025 Earnings Report

Global Technologies Ltd (GTLL) delivered a solid Q1 2025 top-line performance with pronounced profitability. Revenue stood at 669,431 (USD thousands) for QQ1 2025, up 10.44% QoQ from the prior quarter’s 606,176, and gross profit reached 477,542, yielding a robust gross margin of 71.34%. EBITDA was 266,644 and operating income matched at 266,644, confirming an operating margin of 39.83%. Net income totaled 256,549, or a net margin of 38.32%, underscoring high earnings quality on a quarterly run-rate basis. These metrics reflect a favorable product mix and a scalable online platform within GTLL’s CBD and ancillary services ecosystem, including sales and distribution, logistics, and consulting.

However, GTLL faces meaningful liquidity and balance-sheet challenges. The company reports limited near-term liquidity with a current ratio of 0.10 and a cash ratio of 0.0436, driven by current liabilities of 6,716,696 and current assets of 674,471 (USD thousands). Despite a strong operating cash flow profile (net cash from operating activities of 217,114 and free cash flow of 217,114), the company holds a very large goodwill balance (7,685,636) against total assets of 8,505,716, creating meaningful impairment risk if future cash generation deteriorates. Short-term debt is modest at 463,269, but the liquidity gap is acute given the working capital situation. Net debt stands at 170,408, underscoring that cash generation has not fully absorbed near-term obligations.

Looking forward, GTLL’s earnings trajectory will hinge on sustaining high-margin revenue growth while simultaneously improving liquidity management and mitigating impairment risk associated with the outsized goodwill balance. Management commentary (where available) and industry dynamics in the CBD/e-commerce and logistics space will be key to assessing earnings durability and strategic pivots. Overall, GTLL presents a high-margin, cash-generative profile with substantial upside if liquidity constraints are resolved and regulatory/commercial tailwinds persist.