Gorilla Technology Provides Update on $20 Million Share Repurchase Programme

Core Viewpoint - Gorilla Technology Group Inc. has initiated a share repurchase program authorized by the Board for $20 million, with approximately $10.4 million repurchased to date, and plans to pause further repurchases until after the release of its Full Year 2025 financial results in mid-March 2026 [1][2][5]. Share Repurchase Program - The company has repurchased approximately $5.0 million worth of shares, equating to about 354,000 shares, since the Board's increase of the repurchase program in Q4 2025 [2]. - Total repurchases under the program amount to approximately $10.4 million, leaving a remaining capacity of about $9.6 million [2]. Financial Position and Strategy - Gorilla maintains a strong cash position, ensuring that funding for committed projects and growth initiatives is not compromised by the share repurchase activities [3]. - The company has experienced reduced liquidity in its shares, attributed to a long-term oriented shareholder base that prefers to hold rather than sell at current levels [4]. - The company plans to resume share repurchases if the share price does not reflect its intrinsic value after the financial results are released [5]. Future Outlook - The Board will dynamically evaluate capital allocation, including potential additional share repurchases and growth investments, as market conditions evolve [7]. - Gorilla enters 2026 with a strong position, supported by contracted projects, a resilient capital structure, and a robust pipeline [7].