— Generated H1 2025 revenue of $39.3 million, representing 90.2% year-over-year growth — — Signed 3 new projects in Taiwan and UK — — Reduced debt to $18.1 million from $21.4 million at the end of 2024 and $18.4 million at the end of Q1 2025, strengthening financial flexibility and resilience — — Completed a $105 million equity offering in July 2025 to fund further growth opportunities — London, United Kingdom--(Newsfile Corp. - August 14, 2025) - Gorilla Technology GroupInc. (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 first half ended June 30, 2025.

• Continued Revenue Growth: H1 2025 revenue reached $39.3 million, reflecting outstanding execution across key global contracts. Topline performance demonstrates Gorilla's operational strength and leadership in AI-driven security and intelligence.
• Strong Liquidity Position: Gorilla ended H1 with $26.1 million in total cash. Subsequent to the close of H1, the Company raised $105 million in an equity offering. In July, Gorilla's largest customer in Egypt made a significant payment, underscoring the strength of its relationships and reinforcing its cash position. The Company intends to use these funds to secure future contracts and drive expansion.
• Disciplined Debt Reduction: Gorilla cut debt to $18.1 million in H1, down from $21.4 million at the end of 2024 and $18.4 million in Q1 2025, improving capital efficiency as it unlocked pledged deposits. The Company will continue reducing debt as long as it remains accretive and cash-neutral, further strengthening its balance sheet.
• Continued Focus on Profitability: Operating loss (IFRS) for the six months ended June 30, 2025 was $9.1 million, while Adjusted EBITDA (Non-IFRS) was $5.7 million. Net loss (IFRS) for the six months ended June 30, 2025 was $8.5 million, while Adjusted Net Income (Non-IFRS) was $5.7 million. Adjusted EBITDA and Adjusted Net Income excludes exchange loss from currency devaluation and fair value remeasurement of financial instruments. Gorilla's performance, excluding non-cash accounting items, demonstrates solid underlying profitability on a normalised basis.
• Retained Focus on Earnings Per Share: Loss Per Share (IFRS) was $0.43. Adjusted Basic Earnings Per Share (Non-IFRS) of $0.29 reflects solid underlying profitability and the scalability of our core operations.

Statement from Jay Chandan "Gorilla has completed the first half of 2025 with focus, strength and clear momentum. The results show the underlying profitability of our model and an established growth path as we create value for our customers, shareholders and broader stakeholders. We have delivered on major programmes and signed near-term projects that will accelerate performance in 2026 and beyond. Our plans for global expansion will strengthen our position in Southeast Asia and enhance our delivery capability in key markets." "Our teams are executing with discipline and precision, turning strategic opportunities into tangible outcomes. From advancing critical infrastructure in Asia to enabling climate-technology solutions in the Amazon rainforest, we are demonstrating the value and trust we bring to ambitious partners worldwide. This is a foundation for sustainable growth, deeper market penetration and long-term impact." Statement from Bruce Bower "We continue to emphasize financial discipline in everything we do. We have repaid debt by over $3 million this year, while also releasing restricted assets, moving them into unrestricted cash. In the second half, we anticipate continued customer collections and the release of customer guarantees for existing contracts, which should serve to boost our cash flow. Looking forward, we intend to use our large liquidity buffer to capitalize on new commercial opportunities." Advancing Long-term Strategy This quarter Gorilla, signed key contracts with the Port of Tyne in the United Kingdom, Wan Hai Port in Taiwan and ADE Corporation in Taiwan. These agreements reflect the execution of strategies Gorilla has consistently communicated to the market and signal further projects already in motion. Some additional details on these contracts are below:

• AI-Powered Wan Hai Smart Surveillance System - Agreement established a partnership with Asia's leading container shipping companies to deploy next-generation AI automation and computer vision surveillance across a major freight terminal, enhancing yard efficiency, cargo flow management and safety.
• AI-Enabled ADE CIB Criminal Financial Flow Analysis - Supporting Taiwan's leading criminal investigation agency with AI-powered analytics to trace cryptocurrency transactions, uncover fund flows and identify criminal networks, enabling speed and precision.

The Company is in active negotiation on several additional contracts....