- 2025 Revenue reached a record $101.4 million, up 35.7% year-on-year, demonstrating continued strong sales growth and execution - - EPS improved by 91.7% year-on-year - - IFRS operating loss improved by $53.2 million, or 79.6% year-on-year - - Adjusted EBITDA remains strong at $19.1 million, maintaining strong adjusted profitability during investment growth period - - Total operating expense reduced by 54.4% to $47.5 million, reflecting continued cost discipline and earnings quality - London, United Kingdom--(Newsfile Corp. - March 2, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced financial results for the year ended December 31, 2025, delivering record full-year revenue and a substantial year-on-year improvement in profitability as the business continued to scale globally with disciplined execution. Key highlights include: Record revenue growth: Revenue for the year ended December 31, 2025, was $101.4 million, compared with $74.7 million for the year ended December 31, 2024, an increase of 35.7%. This marks the first time in Gorilla's history that annual revenue has exceeded $100 million. The increase was driven by the Company's continued execution across AI infrastructure, public safety and enterprise programmes in key international markets. Major profitability turnaround: The Company delivered a transformational improvement in reported results for the year ended December 31, 2025, with IFRS operating loss narrowing to $(13.7) million from $(66.9) million for the year ended December 31, 2024. This represents a $53.2 million improvement, or a 79.6% year-on-year reduction in IFRS operating loss, underscoring a genuineoperating turnaround.Continued focus on cost discipline and earnings quality: Total operating expenses for the year ended December 31, 2025, were $47.5 million, compared to $104.3 million for the year ended December 31, 2024, a reduction of 54.4%. IFRS net loss narrowed to $(11.3) million from $(64.8) million in the prior year, representing an improvement of $53.5 million, or 82.6% year-on-year, reflecting a clear improvement in the Company's operating structure and financial discipline, while still making the necessary investments for continued growth. Adjusted profitability remains strong while investing for growth:Adjusted EBITDA for the year ended December 31, 2025 was $19.1 million and non-IFRS net income was $19.9 million for the year ended December 31, 2025. Gorilla maintained strong adjusted profitability while investing in growth capacity, including the expansion of offices, a significant increase in research and development capabilities and accelerated product development. The company saved substantially on finance-related costs due to its lower debt load. Earnings per share inflection: IFRS basic EPS improved significantly to $(0.51) for the year ended December 31, 2025, compared with $(6.13) for the year ended December 31, 2024, representing an improvement of 91.7% year-on-year. Adjusted basic EPS was $0.89 for the year ended December 31, 2025. This reflects a sharp improvement in reported per share performance while preserving positive adjusted earnings. Net cash: Finished the year with total cash of $104.8 million, including restricted deposits of $5.3 million. The total debt load was $13.8 million, down 35.6% from $21.4 million in the prior year. Through the refinancing of certain lending agreements and the repayment of others, the Company materially reduced its deposits previously held as collateral against loan obligations in an amount of $5.3 million. Share Repurchase Programme: In 2025, Gorilla also continued to execute its capital allocation strategy through share repurchases and spent $3.5 million on buybacks, reflecting its conviction in the intrinsic value of the business while continuing to fund growth, research and development and strategic execution. Further Updates: In the first two months of 2026, the Company collected more than $22 million from its largest customers, representing payment for solutions delivered and invoiced in 2025. The Company remains focused on disciplined cash collection and working capital management. As of February 26, 2026, the Company had $108.4 million of unrestricted cash and $116.6 million of total cash. It has spent an additional $3.0 million on share buybacks in the calendar year 2026. Statement from Jay Chandan, Chairman and CEO: "2025 was a defining year for Gorilla. We delivered what we promised to the market, and we did it with discipline. Crossing $101 million in revenue for the first time in our history is a meaningful milestone for our team and investors. What's even more important, though, is how we got here: we grew revenue by 35.7% while materially reducing operating expenses leading to significant narrowing of our reported...