– Q3 revenue up 32% year on year delivering the strongest quarter in its history –– Bottom line at breakeven versus a $7.8 million loss in Q3 2024–– Total cash $121.4 million including $110.2 million unrestricted at end of Q3–– $1.4 billion AI data centre mandate secured and an advanced AI and GPU infrastructure pipeline now above $7 billion with build already under way for phased implementation from early 2026 – London, United Kingdom--(Newsfile Corp. - November 17, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today reported its financial results for the three months ended September 30, 2025, reiterated the Company's guidance for fiscal 2025 and provided guidance for full year 2026. Key highlights include: Record revenue growth: Revenue for the quarter ended September 30, 2025, was $26.5 million, compared with $20.1 million for the same period in 2024, an increase of approximately 32%. The increase was due primarily to the Company's execution on AI infrastructure, public safety and enterprise projects across Asia, the Middle East, Europe and the Americas. Strong project execution: The Company delivered an operating income of approximately $0.4 million for the third quarter of 2025, compared to an operating loss of $6.0 million for the same period in 2024. This swing of more than $6.4 million was due primarily due to disciplined operating expenses across people, professional services, and overheads, and stronger contracting and vendor alignment that improved efficiency. This performance validates Gorilla's focus on core operations and improved efficiency as it expands its presence in large-scale AI data centre and GPU infrastructure programmes. Continued focus on profitability: EBITDA for the quarter ended September 30, 2025, was $0.8 million, compared to an EBITDA loss of $5.6 million for the quarter ended September 30, 2024, while net loss was close to breakeven at $0.03 million for the quarter ended September 30, 2025, compared to a loss of $7.8 million for the quarter ended September 30, 2024. Adjusted EBITDA for the quarter ended September 30, 2025, was $6.8 million, up 21% from $5.6 million for the quarter ended September 30, 2024. Adjusted Net Income increased 72% year on year to $6.0 million for the quarter ended September 30, 2025, from $3.5 million for the quarter ended September 30, 2024. Maximizing working capital flexibility: As of September 30, 2025, total debt was $15.1 million, a decrease of 30% from $21.4 million at the end of 2024. As of the end of the third quarter of 2025, Gorilla's unrestricted cash position increased to $110.2 million from $21.7 million as of December 31, 2024, an increase of ~ 408%, and $10.1 million as of June 30, 2025, an increase of ~ 990%. Gorilla continues to manage its working capital debt ensuring flexibility to fund existing contracts and convert its client pipeline without balance sheet strain. Earnings per share inflection: Basic and diluted EPS were approximately breakeven for the quarter ended September 30, 2025, while adjusted basic EPS was $0.26 and adjusted diluted EPS was $0.24 for the same period. Statement from Jay Chandan, Chairman and CEO: "The third quarter marks a turning point where Gorilla became a recognized leader in AI infrastructure. Our contracted projects, strong balance sheet and clear line of sight to scale differentiate us from peers that have yet to deliver beyond the promise of AI. We are optimistic about our revenue growth in the coming years, driven by secured mandates, including our recently announced $1.4 billion AI data centre contract in Southeast Asia, as well as ongoing deployments and a robust pipeline." "We have built a platform that designs, builds and operates sovereign-grade AI infrastructure alongside governments, telecommunications providers, and leading institutions. From here, our priorities are clear; convert our pipeline, grow high quality recurring revenue, maintain our cost discipline and deliver consistently strong quarters to drive a complete re-rating of Gorilla in the eyes of global investors." Update on Key Projects: In Southeast Asia, Gorilla is now executing its 5G and AI infrastructure projects across the region, with deployment activity accelerating through the last quarter. In MENA, Gorilla's projects are entering the final execution phase. With strong collections and solid delivery momentum across both regions, these programmes highlight Gorilla's ability to execute large-scale national infrastructure with precision and reliability. Financial Outlook: 2026 Guidance For full year 2026, Gorilla currently expects revenue in the range of $137 million to $200 million. This estimate is underpinned by the expected completion initial phase of the $1.4 billion Southeast Asia AI data...