Gorilla Technology Increases Share Repurchase Buyback Programme to $20 MillionBoard of Directors' Capital Allocation Strategy Seeks to Reinforce Confidence in Gorilla's Intrinsic ValueOctober 21, 2025 9:20 AM EDT | Source: Gorilla Technology Group Inc.London, United Kingdom--(Newsfile Corp. - October 21, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT tech ...

Core Insights - Gorilla Technology Group Inc. reported a revenue of $39.3 million for H1 2025, marking a 90.2% year-over-year growth [1] - The company signed three new projects in Taiwan and the UK, indicating a strong pipeline for future growth [1][4] - Debt was reduced to $18.1 million from $21.4 million at the end of 2024, enhancing financial flexibility [1][4] - A $105 million equity offering was completed in July 2025 to support further growth opportunities [1][4] Financial Performance - H1 2025 revenue reached $39.3 million, demonstrating operational strength and leadership in AI-driven security and intelligence [4] - The operating loss for the six months ended June 30, 2025, was $9.1 million, while Adjusted EBITDA was $5.7 million [4] - Net loss for the same period was $8.5 million, with Adjusted Net Income also at $5.7 million, indicating solid underlying profitability when excluding non-cash items [4][12] Liquidity and Debt Management - Gorilla ended H1 2025 with $26.1 million in total cash, bolstered by a significant payment from its largest customer in Egypt [4] - The company has emphasized financial discipline, repaying over $3 million in debt this year and releasing restricted assets into unrestricted cash [3][4] - The total liabilities decreased to $64.6 million from $80.7 million, reflecting improved capital efficiency [8] Strategic Developments - Key contracts were signed with the Port of Tyne in the UK, Wan Hai Port in Taiwan, and ADE Corporation in Taiwan, showcasing the execution of strategic initiatives [4][7] - The company is in active negotiations for additional contracts, with a pipeline exceeding $5 billion across various regions [5] - Plans for global expansion are aimed at strengthening the company's position in Southeast Asia and enhancing delivery capabilities in key markets [2]

Core Points - Gorilla Technology Group Inc. has entered into a securities purchase agreement to raise $105 million through a registered direct offering of 6,000,000 ordinary shares at an offering price of $17.50 per share, with a $100 million investment from a new institutional investor and participation from an existing shareholder [1][2][9] - The gross proceeds from the offering are expected to be approximately $105 million before deducting fees and expenses, with net proceeds intended for working capital, performance guarantees, statutory capital reserves, and other corporate purposes [2][9] - Titan Partners Group is acting as the sole placement agent for the offering, which is expected to close on or about July 2, 2025, subject to customary closing conditions [3] Company Overview - Gorilla Technology Group Inc. is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, headquartered in London, UK [6] - The company offers a range of solutions across various sectors, including Smart City, Network, Video, Security Convergence, and IoT, utilizing AI and Deep Learning Technologies [6][7] - Gorilla focuses on enhancing urban operations, security, and resilience through AI-driven technologies such as intelligent video surveillance, facial recognition, and advanced cybersecurity [7]