iQSTEL’s 2025: From Telecom Player to Diversified Tech Powerhouse

NEW YORK, NY – December 29, 2025 – iQSTEL Inc. (NASDAQ: IQST) has concluded a landmark year, recapping a series of strategic victories that have fundamentally reshaped its identity from a traditional telecom operator to a diversified global technology platform. In a year-end shareholder letter, the company celebrated a successful uplisting to the NASDAQ, a revenue run rate approaching $400 million, a strategic push into high-margin Fintech and Cybersecurity sectors, and the issuance of its first-ever shareholder dividend, signaling a new era of growth and investor confidence.

A Financial Overhaul and NASDAQ Debut

The most significant milestone for iQSTEL in 2025 was its transition from the OTCQX market to the prestigious NASDAQ Capital Market. The company achieved this on May 14, 2025, through a Direct Listing, a method that notably involved no new capital raise or dilution for existing shareholders. This move, which required an 80:1 reverse stock split to meet listing requirements, was hailed by CEO Leandro Iglesias as a “defining milestone” that significantly enhances the company's visibility and access to institutional capital.

This corporate achievement was underpinned by robust financial performance. iQSTEL reported achieving an approximate $400 million revenue run rate, a target it reached five months ahead of schedule. By the end of the third quarter, this figure had climbed to $411.5 million. Alongside this top-line growth, the company highlighted an Adjusted EBITDA run rate of approximately $2.7 million, demonstrating progress toward sustained profitability.

However, the financial picture presents a complex narrative. While management points to a seven-year track record of meeting or exceeding forecasts, some market analyses highlight current challenges. Data from late 2025 indicated the company was not yet profitable on a trailing twelve-month basis, with relatively low gross profit margins hovering around 3%. This context makes the company's forward-looking targets—a $15 million EBITDA run rate in 2026 and a staggering $1 billion revenue run rate by 2027—particularly ambitious. Management asserts these goals will be met through a combination of aggressive organic growth and strategic acquisitions.

Strategic Diversification into High-Growth Sectors

Central to iQSTEL's transformation is its deliberate pivot away from reliance on traditional telecom services toward higher-margin, technology-driven business lines. The company’s Fintech division has emerged as a key pillar of this strategy, now accounting for approximately 20% of total revenue.

A major catalyst for this growth was the acquisition of a 51% stake in fintech firm GlobeTopper, which was finalized on July 1, 2025. The acquisition immediately proved accretive, with GlobeTopper expected to contribute significantly to revenue and be cash-flow positive. iQSTEL plans to leverage its extensive network of over 600 telecom operators to cross-sell GlobeTopper's services, aiming to generate substantial new income streams.

Simultaneously, iQSTEL made a formal and strategic entry into the cybersecurity market through a partnership with its “sibling company,” Cycurion Inc. (NASDAQ: CYCU). The alliance was solidified through a mutual $1 million stock swap, aligning the interests of both entities. Their collaboration is focused on developing a next-generation, AI-powered cybersecurity platform. Led by iQSTEL’s AI subsidiary, Reality Border, the project integrates Cycurion’s ARx multi-layer security platform with iQSTEL's proprietary AI agents, Airweb.ai and IQ2Call.ai. The joint platform aims to provide predictive threat protection and adaptive responses, with a commercial launch planned for a white-label product called “Cyber Shield” targeted at telecom carriers.

Building Investor Confidence with Dividends and Outreach

In a move that underscored management's confidence in the company's financial health and future, iQSTEL announced its first-ever shareholder dividend. The dividend, paid in shares to shareholders of record as of December 15, 2025, amounted to a total value of $500,000. This distribution stemmed from the strategic agreement with Cycurion, which made a reciprocal commitment to its own shareholders, further intertwining the two companies' value propositions.

According to the company, this dividend serves as a clear statement of its commitment to increasing long-term shareholder value. The distribution of 75,529 free-trading common shares was calculated based on a share price of $6.62 from late August 2025.

Beyond direct shareholder returns, iQSTEL has actively worked to broaden its investor base. The company now counts over 20 institutional investors, including prominent names like Vanguard Group and UBS Group AG, which collectively hold about 5% of its outstanding shares. In the latter half of 2025, management initiated a webinar roadshow targeting institutional investors and family offices to articulate its growth strategy and invite long-term participation.

Despite these positive developments, market sentiment remains mixed. While one analyst has issued a “Strong Buy” rating with an ambitious price target of $18.00, the stock has traded near its 52-week low in late 2025. This suggests that while investors recognize the strategic potential of iQSTEL’s transformation, they may be waiting for the company to demonstrate consistent profitability and margin expansion before fully buying into its billion-dollar vision.