IQSTEL Reduces Debt By $6.9M, Boosting Q1 2025 Net Equity To $11.34M And Secures $0.92M In Interest Savings Amid Strategic Growth Plan Toward $1B Revenue by 2027

IQSTEL Inc. (NASDAQ:IQST), a leading global telecommunications and technology company, is pleased to announce a significant reduction of $6.9 million in debt from its balance sheet, marking a strategic milestone in the company's ongoing financial strengthening and long-term growth plan.

This debt reduction will have a direct and positive impact on the company's net stockholders' equity, which stood at $11.34 million as of Q1 2025. The reduction was achieved through a combination of debt conversions into common shares and Series D Preferred Shares. The conversion into Series D Preferred Shares reflects investor confidence in IQSTEL's strategic plan to reach $1 billion in annual revenue by 2027.

In addition to improving the company's capital structure, this transaction provides $0.92 million in interest savings, directly enhancing IQSTEL's cash flow and operational flexibility.