Gorilla Technology Group Inc (GRRR)

Gorilla Technology Raises Q2 2026 Revenue Outlook to at Least US$44 Million, Driven by Contract Wins and Accelerating AI Infrastructure DemandJune 29, 2026 8:30 AM
NewsfileLondon, United Kingdom--(Newsfile Corp. - June 29, 2026) - Gorilla Technology Group (NASDAQ: GRRR) ("Gorilla"), a global provider of AI-driven infrastructure, security intelligence and data solutions, today announced that it now expects Q2 2026 revenue to be at least US$44.0 million, compared with current external market estimates of approximately US$33.9 million, subject to completion of quarter-end closing procedures.The updated outlook reflects continued execution under Gorilla's active customer contracts and the Company's ability to convert signed commercial commitments into recognised revenue. Expected Q2 2026 revenue of at least US$44.0 million would represent more than 55% sequential growth compared with Q1 2026 revenue of US$28.2 million and more than 100% year-on-year growth compared with Q2 2025 revenue of US$21.1 million. The Company is hoping to be in position to provide updates to its guidance for 2026 when it reports its Q2 2026 and first-half 2026 financial results.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comForward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the expected timing and amount of revenues that may be recognized under our existing contracts during the second quarter of 2026, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Investor Relations Contact
Dave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/303247 Original: Gorilla Technology Raises Q2 2026 Revenue Outlook to at Least US$44 Million, Driven by Contract Wins and Accelerating AI Infrastructure Demand

Gorilla Technology Secures Transformational US$2.5 Billion Five-Year AI GPUaaS Compute Contract, Converting AI Data Centre Capacity into Long-Term Contracted RevenueJune 23, 2026 9:00 AM
Newsfile- First phase expected to generate approximately US$1.3 billion of revenue over five years, with target deployment commencing in September 2026 -- Project materially de-risked through GPU-backed financing support covering approximately 70% of expected GPU, networking and related infrastructure costs -London, United Kingdom--(Newsfile Corp. - June 23, 2026) - Gorilla Technology Group (NASDAQ: GRRR) ("Gorilla"), a global provider of AI-driven infrastructure, security intelligence and data solutions, today announced that it has signed a five-year AI compute infrastructure contract with a high investment-grade global technology customer for deployment at the NeutraDC Batam data centre in Indonesia. The signed contract represents approximately US$2.5 billion of expected revenue over a five-year period. The first phase of the deployment, comprising approximately 1,000 B300 GPU servers, is expected to generate approximately US$1.3 billion of revenue over the same five-year period.The agreement is with a high investment-grade global technology customer and represents approximately US$2.5 billion of expected revenue over five years.The first phase of the project is expected to be deployed in two tranches, with initial deployment targeted for September 2026 and the second tranche targeted for December 2026. The remaining contracted deployment is expected to be delivered during the first half of 2027.The project will be hosted at the NeutraDC Batam facility, building on Gorilla's previously announced strategic capacity agreement with NeutraDC and reinforcing Batam's position as a critical AI infrastructure gateway for Southeast Asia.Gorilla has also received debt financing offers covering approximately 70% of the expected project costs. The Company is working closely with leading banks and financial institutions to finalise the optimal financing structure for the project and to support the remaining funding requirements for the full contracted deployment."Gorilla's AI infrastructure strategy is now moving from secured capacity to contracted revenue," said Jay Chandan, Chairman and CEO of Gorilla Technology. "Gorilla is now expanding from a security intelligence and smart infrastructure company into a global AI infrastructure execution platform. We are building across South & East Asia, Middle East, India and other high-demand AI compute markets because the world does not have enough deployable AI capacity and customers want partners that can move quickly, structure intelligently and deliver at scale. This contract is a major validation of that strategy. This is not a pipeline story. This is not an aspiration. This is signed customer demand, secured data centre capacity, executable deployment timing and bankable economics."Mr. Chandan continued, "This contract materially changes Gorilla's forward revenue profile. In light of this agreement and the broader commercial momentum across the AI infrastructure platform, the Company intends to provide an updated financial outlook following completion of its internal planning and review process."Jackie Wang, General Manager, Asia for Gorilla Technology, said, "Asia is becoming one of the most important growth corridors for AI compute infrastructure. Customers are no longer asking whether AI capacity is needed. They are asking who can secure the power, the data centre capacity, the GPU infrastructure, the financing and the operational delivery. Gorilla is answering that question."Mr. Wang continued, "The NeutraDC Batam deployment is a clear example of Gorilla's regional execution model. We are bringing together a high-quality data centre partner, a high investment-grade customer, a phased GPU deployment plan and a financing structure designed to support scale. Our focus now is delivery. We intend to execute with discipline, speed and accountability."The agreement represents a major acceleration of Gorilla's AI infrastructure platform across Asia and demonstrates the Company's ability to convert scarce data centre capacity into signed long-term customer revenue. The Company believes this contract materially strengthens Gorilla's forward revenue visibility, validates its regional AI infrastructure strategy and positions Gorilla to pursue additional customer-led deployments across South & East Asia, Middle East, India and other high-demand AI compute markets.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our AI compute infrastructure contract in Indonesia, including the expected timing and amount of revenues that may be generated thereunder and the timing of deployment of the GPU servers, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Investor Relations Contact
Dave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/302522 Original: Gorilla Technology Secures Transformational US$2.5 Billion Five-Year AI GPUaaS Compute Contract, Converting AI Data Centre Capacity into Long-Term Contracted Revenue

data centers dont make money they are in great debt and cant pay it back

they are stupid ai is dead no way will ever turn profit putting billions into a crowded monopoly
no one wants using ai to take your money in everything form Dmv to healthcare and cars always saying its for the good but is a attack on everyone but politicians and local government getting paid off to allow this attack on us for every penny you got wait and see.

Gorilla Technology Announces $2 Billion AI Infrastructure Deal in India with Supermicro, Expanding Strategic Collaboration Across Asia PacificJune 2, 2026 9:00 AM
Newsfile- Gorilla successfully closes an AI infrastructure supply arrangement valued at approximately US$2 billion in India with Supermicro, designed to support Gorilla's Yotta project through the delivery of 20,736 B300 cards, 5,120 B200 cards, networking equipment & related infrastructure- Building on this momentum, both companies have entered into a strategic framework to jointly pursue multi-billion-dollar opportunities across India and Asia Pacific marketsSan Jose, California and London, United Kingdom--(Newsfile Corp. - June 2, 2026) - Gorilla Technology Group (NASDAQ: GRRR) ("Gorilla") today announced the successful closure of a landmark AI infrastructure deal in India with Super Micro Computer, Inc. ("Supermicro"), valued at approximately US$2 billion for 20,736 B300 cards, 5,120 B200 cards, networking equipment & related infrastructure, underscoring the scale, execution capability and commercial strength of the partnership that will empower Gorilla's Yotta AI infrastructure project in India.Executives from Gorilla Technology and Supermicro during a meeting in San Jose, California. Pictured (left to right): Jay Chandan, Chairman & CEO, Gorilla Technology; Charlies Liang, Founder, President, CEO, and Chairman of the Board, Supermicro; Thomas Sennhauser, CTO for Infrastructure, Gorilla Technology. Source: Gorilla Technology.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/299705_a13cd5a7d4ae7a95_001full.jpgThis transaction reflects ongoing deployments supporting large-scale AI data centre and GPU infrastructure programs in India, including major hyperscale and sovereign AI initiatives and establishes both companies as key enablers of next-generation AI compute capacity in the region. In addition to the closed deal, Supermicro and Gorilla will collaborate further to pursue multi-billion-dollar AI infrastructure opportunities across India and Asia Pacific, including Southeast Asia and other high-growth markets.The partnership will focus on:Hyperscale AI data centre buildouts GPU-as-a-Service (GPUaaS) platforms Sovereign AI and national compute programs Enterprise-scale AI transformation initiativesSupermicro will continue to provide its industry-leading AI server and rack-scale infrastructure platforms, while Gorilla will drive infrastructure solutions, managed services and innovative commercial and financing models to accelerate adoption and scale.Both companies are positioned to deliver end-to-end AI infrastructure at scale, combining advanced compute platforms with flexible deployment and funding models to meet accelerating global demand.Executives from Gorilla Technology, Supermicro and Yotta Data Services during a meeting in San Jose, California. Pictured (left to right): Vik Malyala, President & Managing Director of EMEA & SVP of Technology & AI, Supermicro; Suresh Kumar Tulluri, General Manager of India, Supermicro; Thomas Sennhauser, CTO for Infrastructure, Gorilla Technology; Jay Chandan, Chairman & CEO, Gorilla Technology; Sunil Gupta, Co-founder, Managing Director & CEO, Yotta Data Services; Dr. Rajesh Natarajan, Group CTO, Gorilla Technology; Jackie Wang, GM of Asia, Gorilla Technology. Source: Gorilla Technology.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/299705_a13cd5a7d4ae7a95_002full.jpgGlobal Go-To-Market and Deployment FocusThe collaboration will target high-growth markets across:Asia and the Middle EastEurope and sovereign AI-driven regionsLarge enterprise and public sector transformationsBoth companies expect to engage cloud providers, governments and large enterprises to design and deploy next-generation AI data centre ecosystems.Executive Commentary"Supermicro is excited to collaborate with Gorilla and support its project with Yotta to accelerate the deployment and expansion of the AI infrastructure in India and Asia Pacific," said Charles Liang, President and CEO, Supermicro. "Our industry-leading server portfolio, management software, and innovative Data Center Building Block Solutions® deliver a significant advantage empowering customers to accelerate AI adoption with speed and flexibility, for Hyperscale, Sovereign AI, and Enterprise data centers."Jay Chandan, Chairman & CEO, Gorilla Technology - "This collaboration is not theoretical for Gorilla. Across our two current Yotta deployments in India alone, we are already supporting approximately US$2 billion of GPU and networking infrastructure procurement. That gives real weight to this relationship and demonstrates the scale of the opportunity in front of us. As demand for sovereign AI and large scale compute infrastructure accelerates across Singapore, Malaysia, Thailand, Indonesia, India, the Philippines, Japan and Taiwan, we believe Supermicro will be a key partner in helping us execute against a much broader regional and global pipeline with the potential for several billions of dollars of additional infrastructure demand over time. The opportunity is not limited to one country or one customer. It is a platform opportunity across the fastest growing AI infrastructure markets in Asia."Sunil Gupta, Co-founder, Managing Director & CEO of Yotta Data Services - "This deal between Supermicro and Gorilla represents a significant milestone in accelerating Yotta's AI infrastructure expansion in India. Given the rising demand for AI infrastructure in India, this collaboration is essential for delivering the next wave of hyperscale AI compute across enterprises and public sector organizations across the country."About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our agreements with Supermicro and Yotta, including the expected timing and amount of revenues that may be generated thereunder, the timing of deployment of the cards, and our ability to enter into agreements relating to additional AI infrastructure opportunities in Asia, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.comDave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299705 Original: Gorilla Technology Announces $2 Billion AI Infrastructure Deal in India with Supermicro, Expanding Strategic Collaboration Across Asia Pacific

Nice gains today. On the road to $100

Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance RaisedMay 27, 2026 8:00 AM
Newsfile- Revenue grows 55% year on year, expanding to US$28.2 million -- Operating cash flow turns positive at US$6.6 million, a US$17.3 million improvement from Q1 2025 -- Cash balance improves 373% year on year to US$98.4 million -- Full year 2026 revenue guidance range increased to US$160 million - US$200 million -London, United Kingdom--(Newsfile Corp. - May 27, 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 three months ended, 31st March 2026.Key Highlights:Revenue growth drives momentum: Q1 2026 revenue was US$28.2 million, compared with US$18.3 million in Q1 2025, representing growth of approximately 55% year on year.Operating cash flow generation accelerates: Net cash from operating activities swung from US$(10.7) million in Q1 2025 to US$6.6 million in Q1 2026, a US$17.3 million improvement.Strong cash position underpins future growth: Gorilla ended Q1 2026 with US$98.4 million of cash and cash equivalents, compared with US$20.8 million at March 31, 2025, an increase of approximately 373% year on year.Egypt project delivering meaningful cash flow: During Q1, Gorilla collected significant cash from its Egypt project following the successful completion of key project milestones. Advance payment guarantees associated with completed project stages have been released, and the project is now progressing towards final implementation.Reported IFRS loss distorted by non-cash and FX items: Reported IFRS operating loss was US$41.1 million, driven primarily by US$20.9 million of non-cash stock-based compensation and US$18.9 million of foreign currency exchange losses. These items do not reflect the underlying cash generation of the business.Full year guidance increased: Gorilla has raised its guidance for full year 2026 revenue currently to be in the range of US$160 million - US$200 million, reflecting improved visibility across contracted backlog, scheduled delivery milestones and near-term executable opportunities.Statement from Jay Chandan, Chairman and CEO:"Gorilla's Q1 2026 performance demonstrates the momentum and tangible results our strategy is creating. Our enterprise is delivering across all of its initiatives. We are building capacity, signing contracts, collecting cash and putting infrastructure on the ground."Our agreement with Yotta represents a meaningful milestone as we continue to deliver the next generation of AI infrastructure in the markets that matter to us most. We are already seeing real results from that partnership, and the opportunity represents a potential annualised revenue base of more than US$500 million, when GPU compute and associated infrastructure services are taken together That is why I view a US$500 million revenue target for next year as entirely achievable and the onus is on us to execute from here."In Thailand, we are advancing a 200MW AI data centre campus in Korat. We have paid the first installment on strategic land, we are working through the power and capacity plan and we are building the foundation for Gorilla's owned AI infrastructure platform in Southeast Asia. This will allow us to address the key bottleneck in the region that our clients have mentioned—the lack of adequate data centre space. Korat is only the beginning, as we continue to establish leadership in this region."We are also pursuing additional capacity across Malaysia, Indonesia, Taiwan, Philippines and the broader region, including Rayong and secured colocation facilities in Jakarta. When I look at the opportunities in front of us, I believe Gorilla has a credible path towards approximately 500MW of AI infrastructure capacity by the end of 2028. That is half a gigawatt of potential capacity, which is an exceptional output for any company, and when looking at our size, shows how we are punching far above our weight. "Beyond the momentum we have around data centres, we are still building products, releasing new platforms, expanding our security and network intelligence capabilities and securing new opportunities in markets such as Taiwan. The infrastructure business gives us scale. The product business gives us differentiation. The combination gives us leverage.This is why I am confident. We have signed demand. We have land. We have power plans. We have colocation capacity. We have GPU infrastructure. We have new products. We have new contracts. We have hired more than 100 employees & contractors to support delivery. The pieces are all in place. The ambition is obvious. The only question is execution and that is exactly what we are doing. The path is clear: execute against our backlog, deliver on customer commitments and translate our growing infrastructure platform into sustainable revenue, cash flow and long-term shareholder value."Statement from Bruce Bower, Chief Financial Officer:"Q1 2026 was an important quarter for Gorilla's cash conversion. Net cash from operating activities improved by US$17.3 million year on year to US$6.6 million, reflecting stronger collections, continued project execution and improved operating discipline. Revenue also increased 55% year on year to US$28.2 million, demonstrating that we are converting growth into cash. "Gorilla ended Q1 2026 with US$98.4 million of cash and cash equivalents, compared with US$20.8 million at 31st March 2025, an increase of approximately 373% year on year. In addition, total debt remains at just $13.2 million. This liquidity position gives us a stronger foundation as we continue investing in AI infrastructure, GPU capacity, data centre execution and regional delivery capability."Reported IFRS profitability was affected by two major accounting items: US$20.9 million of non-cash stock-based compensation and US$18.9 million of foreign currency exchange losses. The stock-based compensation charge reflects an equity compensation event that has been disclosed to the market for several years and was finally expensed. It is non-cash and does not affect operating liquidity."The FX loss was due in large part to geopolitical events, which caused a sell-off in the currencies where we held large cash balances. It also must be viewed alongside the operational progress behind it. During Q1, Gorilla collected significant cash from Egypt, completed important project milestones and saw advance payment guarantees associated with completed stages released. In practical terms, the project continues to advance, we collected cash, and our guarantee exposure has been reduced. The statutory operating loss therefore does not reflect the underlying cash trajectory of the business. Revenue grew, operating cash flow turned positive, liquidity strengthened and the business continued ahead of our anticipated revenue ramp up."Based on current execution visibility, Gorilla now expects full year revenue for 2026 in the range of US$160 million to US$200 million, supported by contracted backlog, scheduled delivery milestones and near-term executable opportunities across AI infrastructure, public safety and enterprise technology programmes."Financial Outlook:For full year 2026, Gorilla now expects revenue in the range of US$160 million to US$200 million. This outlook reflects the Company's current view of contracted backlog, scheduled delivery milestones, expected project execution and visibility across its AI infrastructure, public safety and enterprise technology programmes.FinancialsGorilla Technology Group Inc. and Subsidiaries
Condensed Interim Consolidated Balance Sheets
(Expressed in United States dollars)

As of


March 31, 2026
December 31, 2025
Items
(Unaudited and Unreviewed)
Assets






Current assets






Cash and cash equivalents
$98,399,450
$99,532,115
Restricted deposits

4,620,189

5,298,442
Accounts receivable, net and contract assets

90,116,138

111,994,621
Other current assets

16,942,529

17,221,988
Total current assets

210,078,306

234,047,166
Non-current assets

 

 
Property and equipment

15,305,432

15,749,411
Right-of-use assets

1,672,104

1,091,526
Intangible assets

2,343,650

2,432,278
Deferred tax assets, net

17,134,831

11,938,173
Other non-current assets

7,380,908

6,624,980
Total non-current assets

43,836,925

37,836,368
Total assets
$253,915,231
$271,883,534



 

 
Liabilities and Equity

 

 
Liabilities

 

 
Current liabilities

 

 
Borrowings
$10,147,496
$10,391,379
Accounts and other payables

46,823,841

46,042,759
Contract liabilities

1,705,489

1,305,644
Income tax liabilities

12,565,942

11,588,564
Other current liabilities

1,050,739

951,094
Total current liabilities

72,293,507

70,279,440
Non-current liabilities

 

 
Long-term borrowings

3,095,323

3,404,363
Deferred tax liabilities

1,415,469

652,782
Other non-current liabilities

1,705,675

1,467,110
Total non-current liabilities

6,216,467

5,524,255
Total liabilities

78,509,974

75,803,695
Equity

 

 
Share capital

26,455

26,356
Treasury shares at cost

(5,285,347)
(2,105,274)Other equity

180,664,149

198,158,757
Total equity

175,405,257

196,079,839
Total liabilities and equity
$253,915,231
$271,883,534
 Gorilla Technology Group Inc. and Subsidiaries
Condensed Interim Consolidated Statements of Comprehensive Income (Loss)
(Expressed in United States dollars)

Three Months Ended March 31,


2026
2025
Items
(Unaudited and Unreviewed)
Revenues, net
$28,230,022
$18,258,999
Cost of revenues

(22,277,478)
(11,850,617)Gross profit

5,952,544

6,408,382
Operating expenses:

 

 
Foreign currency exchange losses, net

(18,934,405)
(4,418,096)Stock-based compensation expenses

(20,910,831)
(216)Other operating expenses

(7,166,399)
(6,159,155)Total operating expenses

(47,011,635)
(10,577,467)Operating loss

(41,059,091)
(4,169,085)Net loss

(36,959,057)
(4,558,307)Other comprehensive loss, net of tax

(1,473,778)
(1,586,388)Total comprehensive loss
$(38,432,835)$(6,144,695)


 

 
Basic and diluted loss per share
$(1.42)$(0.23) Gorilla Technology Group Inc. and Subsidiaries
Condensed Interim Consolidated Statements of Cash Flows
(Expressed in United States dollars)

Three Months Ended March 31,


2026
2025


(Unaudited and Unreviewed)
Net cash from (used in) operating activities
$6,641,175
$(10,659,866)Net cash (used in) from investing activities

(535,369)
948,239
Net cash (used in) from financing activities

(3,534,504)
8,635,923
Effect of foreign exchange rate changes on cash and cash equivalents

(3,703,967)
190,312
Net decrease in cash and cash equivalents
$(1,132,665)$(885,392)Cash and cash equivalents at beginning of the period
$99,532,115
$21,699,202
Cash and cash equivalents at end of the period
$98,399,450
$20,813,810
 Reconciliation of non-IFRS Financial Measures to IFRS MeasuresIn addition to its reported results in accordance with International Financial Reporting Standards ("IFRS") followed by the Company, it has included in this release certain financial measures that are considered non-IFRS financial measures, including the following:Earnings before interest, taxes, depreciation, and amortization ("EBITDA");Adjusted EBITDA; andAdjusted net income (loss) and adjusted earnings (loss) per share.Reconciliation of Operating Loss to EBITDA and Adjusted EBITDA

Three Months Ended March 31,


2026
2025


(Unaudited and Unreviewed)
Items
(Amount in USD)
Operating loss (IFRS)
$(41,059,091)$(4,169,085)Add: Depreciation expenses

298,132

153,083
Add: Amortization expenses

95,089

154,387
EBITDA loss (non-IFRS)
$(40,665,870)$(3,861,615)Add: Foreign currency devaluation (1)

11,443,104

7,188,047
Add: Fair value measurement of financial instruments, net (2)

46,476

1,838,049
Add: Stock-based compensation expenses

20,910,831

216
Adjusted EBITDA (non-IFRS)
$(8,265,459)$5,164,697
 Reconciliation of Net Loss and Loss per Share to Adjusted Net Income (Loss) and Adjusted Earnings (Loss) per Share

Three Months Ended March 31,


2026
2025


(Unaudited and Unreviewed)


(Amount in USD)
Items
Amount
EPS Impact per share
Amount
EPS Impact per share
Net loss (IFRS)
$(36,959,057)$(1.42)$(4,558,307)$(0.23)Add: Foreign currency devaluation (1)

11,443,104

0.44

7,188,047

0.37
Add: Fair value measurement of financial instruments, net (2)

46,476

-

1,838,049

0.09
Add: Stock-based compensation expenses

20,910,831

0.80

216

-
Less: Tax effects of stock-based compensation expenses

(112,611)
-

-

-
Add: Amortization of acquired intangible assets (3)

85,500

-

85,500

-
Adjusted net income (loss) (non-IFRS)
$(4,585,757)$(0.18)$4,553,505
$0.23
Adjusted diluted earnings (loss) per share (non-IFRS)

 
$(0.18)
 
$0.23
 Notes:Foreign currency devaluation - downward remeasurement of monetary assets denominated in the Egyptian pound primarily due to material depreciation of the Egyptian pound against the U.S. dollar.Fair value measurement of financial instruments - includes effects of fair value remeasurement of stock warrants.Amortization of acquired intangible assets - includes non-cash amortization expense related to acquired intangible assets.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government and Public Services, Manufacturing, Telecom, Retail, Transportation and Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues and our ability to sign new contracts and execute existing contracts, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners
GRRR@prosek.comDave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299033 Original: Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance Raised

Gorilla Technology Secures Strategic AI Data Centre Capacity with NeutraDC, Accelerating Commercial AI Deployment Across AsiaMay 26, 2026 9:00 AM
Newsfile- Secures initial 5.5 megawatts ("MW") of capacity with NeutraDC, expected to scale to 18MW by November 2026 -- Capacity expected to support expanding AI compute and enterprise workloads across Asia, contributing a forecasted US$2 billion over a five-year period at full utilization - - Agreement supports Gorilla's broader regional expansion strategy to aggregate 150MW - 200MW of capacity over the next year -London, United Kingdom--(Newsfile Corp. - May 26, 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 that it has entered into a strategic data centre capacity agreement with NeutraDC, securing an initial allocation of approximately 5.5MW of capacity, expected to scale to approximately 18MW by November 2026.As demand for AI infrastructure accelerates globally, access to deployable power and data centre capacity has become increasingly constrained. Gorilla believes securing capacity early positions the Company to accelerate customer deployments and support growing regional demand.Executives from Gorilla Technology, PT Telkom Indonesia and Singtel Digital InfraCo & Nxera during an agreement signing in Bangkok, Thailand. Pictured (left to right): Dr. Rajesh Natarajan, Group CTO, Gorilla Technology; Andri Fisaterdi, Vice President of ICT Product Development, PT Telkom Indonesia; Jay Chandan, Chairman & CEO, Gorilla Technology; Andreuw Th.A.F, CEO, PT Telkom Data Ekosistem (Investor, NeutraDC); Cyndi Pei, CFO, Singtel Digital InfraCo & Nxera (Investor, NeutraDC); Fauzan Feisal, Deputy EGM Digital Product, PT Telkom Indonesia (Investor, NeutraDC). Source Gorilla Technology.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/298853_9a21d47f84c2195f_001full.jpgJay Chandan, Chairman and CEO of Gorilla Technology, commented: "Securing deployable capacity is one of the most important requirements for scaling AI compute services today. This agreement with NeutraDC strengthens our ability to support growing customer demand across Asia, while expanding our regional deployment footprint. Our focus remains on executing against customer opportunities already in front of us, bringing additional capacity online and continuing to build long-term infrastructure partnerships across the region. Based on current AI compute market pricing, fully ramped and utilised deployments associated with this capacity could represent a revenue opportunity exceeding $2 billion over a five-year period."The initial allocation is provisioned and scheduled for deployment, with additional capacity to be delivered in phases as infrastructure readiness is completed. Under the agreement, Gorilla will deploy advanced GPU infrastructure within NeutraDC's facilities, supporting enterprise, government, and large-scale AI applications across the region.Indrama Yusuf Muda Purba, Chief Executive Officer of NeutraDC, added: "Gorilla moves with speed, clarity, and intent, exactly what this market demands. We are proud to support deployment and scale alongside them. As demand for AI infrastructure continues to accelerate, partnerships like this are critical. This is not just capacity allocation, this is building the foundation for the next wave of compute in the region."Gorilla continues to pursue additional AI infrastructure opportunities across several Asian markets to support enterprise AI deployments, sovereign AI initiatives and large-scale compute demand. The Company believes early access to deployable power and regional data centre capacity will remain a critical differentiator as global AI infrastructure demand continues to accelerate.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/298853_9a21d47f84c2195f_002full.jpgThe collaboration with NeutraDC reflects Gorilla's strategy of working with leading regional data centre operators to rapidly secure and deploy capacity while significantly reducing time to market. By aligning with established infrastructure platforms, Gorilla is able to accelerate deployment timelines and meet demand without the delays typically associated with greenfield builds. The agreement remains subject to finalisation of definitive documentation, including completion of customer due diligence and execution of a Master Services Agreement governing the provision of services. Global demand for AI compute infrastructure continues to outpace available supply, creating a structural imbalance that favours operators with secured power and deployable capacity. Gorilla is positioning itself at the centre of this shift by locking in power ahead of demand and deploying GPU infrastructure at scale through partnerships that enable immediate commercialisation and long-term growth.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comAbout NeutraDCNeutraDC is an Indonesian data centre platform focused on delivering reliable, sustainable and AI ready digital infrastructure. Its Batam facility is positioned within Southeast Asia's digital corridor and benefits from strong regional connectivity, with Batam linked by multiple operational subsea cables across Indonesia, Singapore, Malaysia and Thailand. According to NeutraDC, the Batam site is carrier neutral, designed for high density AI workloads and supported by energy and water efficient technologies, including liquid cooling. The facility also highlights global standard certifications including LEED Gold, ISO 27001, ISO 14001, ISO 45001, PCI DSS, UTI Tier III Design, UTI Tier III Facility, UTI TCOS and TIA 942.For more information, please visit our website: https://www.neutradc.com/data-center/batamForward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our agreements with Yotta, including the expected timing and amount of revenues that may be generated thereunder and the timing of deployment of the servers, as well as Gorilla's ability to win additional projects across Asia , along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 15, 2026 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.comDave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.comNeutraDC Nxera Marketing Contact
Diyaulmuhana
Sales & Marketing for NeutraDC Nxera Batam
diyaulmuhana@neutradc.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298853 Original: Gorilla Technology Secures Strategic AI Data Centre Capacity with NeutraDC, Accelerating Commercial AI Deployment Across Asia

Gorilla Technology to Host First Quarter 2026 Financial Results Conference Call on May 27 at 4:30 p.m. ETMay 26, 2026 8:00 AM
NewsfileLondon, United Kingdom--(Newsfile Corp. - May 26, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") will host a conference call on Wednesday, May 27, 2026, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the quarter ended March 31, 2026. A press release containing the financial results will be issued before the call.Call Date: Wednesday, May 27, 2026 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll Free: +1-800-715-9871International: +1-647-932-3411Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact RedChip Companies at 1-407-644-4256.The conference call will be webcast live and available for replay at: https://www.gowebcasting.com/14730About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comPublic Relations Contact:

Samantha Dowd
Prosek Partners
GRRR@prosek.com Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298852 Original: Gorilla Technology to Host First Quarter 2026 Financial Results Conference Call on May 27 at 4:30 p.m. ET

Gorilla Technology and CHELPIS Accelerate Quantum-Safe SD-WAN to Global Market Deployment, Securing Sovereign Infrastructure for the Post-Quantum EraMay 15, 2026 8:00 AM
Newsfile- Moves Gorilla's Quantum-Safe SD-WAN from architecture into product integration and commercial readiness ahead of targeted April 2026 availability- Expands Gorilla's cybersecurity and sovereign infrastructure positioning with integrated post-quantum capabilities across networking, communications and data protectionTaipei, Taiwan--(Newsfile Corp. - May 15, 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 the signing of a strategic Memorandum of Understanding ("MOU") with CHELPIS Quantum Corporation ("CHELPIS"), a Taiwan-based post-quantum cryptography specialist, to integrate CHELPIS's post-quantum cryptography implementation into Gorilla's Software-Defined Wide Area Network ("SD-WAN") platform and to jointly pursue global commercial opportunities for quantum-safe security solutions.This collaboration marks a critical step in Gorilla's post-quantum strategy, advancing its Quantum-Safe SD-WAN initiative from architectural design into product enablement and commercial deployment. Gorilla previously announced its Quantum-Safe SD-WAN under the Gorilla Intelligent Network Director platform in October 2025 and indicated in its March 2026 full-year results that the solution was targeted for availability in April 2026.Under this MOU, Gorilla integrates CHELPIS's CPQC SDK - a production-ready PQC library featuring NIST Cryptographic Algorithm Validation Program (CAVP)-validated implementations of FIPS 203, FIPS 204 and FIPS 205 - into its SD-WAN platform and gains global resale rights to CHELPIS's PQC portfolio, including PQScan, PQTunnel, PQRP, PQStorage and CPQC. The collaboration establishes a joint marketing framework, coordinated sales engagement and cross-selling capabilities to facilitate the adoption of quantum-resilient solutions across Gorilla's global customer base.The transition to quantum-safe cryptography is increasingly viewed as a near-term requirement rather than a long-term research topic. Organisations in banking, government and critical infrastructure are beginning to address the risk of "harvest now, decrypt later" attacks, where encrypted data captured today may be decrypted in the future as quantum capabilities mature. This creates immediate demand for migration pathways toward quantum-resilient networks.Industry analysts estimate that the global post-quantum cryptography market could exceed $10 billion by the early 2030s, growing at more than 35% annually, while the global SD-WAN market is already estimated at $8 billion to $10 billion today and projected to exceed $30 billion by 2030, driven by enterprise network modernisation and cloud adoption. Gorilla believes the convergence of these two high-growth markets creates a significant opportunity for integrated, quantum-safe networking platforms.Strategically, the collaboration strengthens Gorilla's ability to monetise its SD-WAN platform through the inclusion of quantum-safe capabilities, while also creating incremental revenue opportunities through the resale of CHELPIS's PQC solutions across Gorilla's enterprise and sovereign customer base. Gorilla expects quantum-safe capabilities to become a premium feature within SD-WAN deployments, particularly in regulated sectors, with higher contract values and longer-term customer commitments. This positions Gorilla to capture value both at the network layer and across broader cryptographic transformation programmes.Ming Chih, CEO of CHELPIS Quantum Corporation, stated: "We are proud to empower Gorilla by integrating our world-class PQC technology to align their offerings with the highest international security standards. As a pioneer in production-grade PQC, CHELPIS provides the engineering maturity required to translate NIST standards into actionable, high-performance solutions-evidenced by our technology becoming among the elite few globally to achieve NIST CAVP validation for FIPS 203, 204, and 205 in early 2026. We stand firmly with our clients, empowering them to penetrate and lead in global markets through relentless innovation, ensuring our products and our partners maintain a decisive competitive edge in the quantum era."Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla Technology, said: "This collaboration moves our post-quantum strategy into a far more practical phase. It is not just about having a PQC narrative. It is about embedding that capability into the product and making it actionable for customers. Our earlier work defined the direction for Quantum-Safe SD-WAN. This collaboration strengthens the implementation layer and creates a clearer pathway to deployment across sectors where cryptographic resilience, digital sovereignty and long-term trust are essential. As customers increasingly recognise that quantum disruption is not a distant theoretical issue but a real security consideration, they need solutions that are deployable, scalable and commercially viable. This is exactly what we are positioning Gorilla to deliver."Through this collaboration, Gorilla expects to enhance how it engages with customers evaluating quantum migration strategies, particularly those requiring both secure networking infrastructure and a broader roadmap for post-quantum adoption. The integration of PQC capabilities into SD-WAN enables Gorilla to offer a more comprehensive solution spanning secure connectivity, encrypted communications, transport protection and data storage resilience.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comAbout CHELPIS Quantum CorporationHeadquartered in Taipei, Taiwan, CHELPIS is a global pioneer in Post-Quantum Cryptography (PQC), the founder of Asia's first Quantum-Safe Migration Center (QSMC), and a long-standing contributor to MITRE and the Linux Foundation. As one of the elite few globally to achieve NIST CAVP validation for FIPS 203, FIPS 204, and FIPS 205 in early 2026, CHELPIS provides the verified foundation for long-term data immutability and systemic trust. Powered by the proprietary CPQC library, CHELPIS delivers production-ready solutions, including PQScan, PQTunnel, PQRP, and PQStorage, engineered to secure government, finance, and AI infrastructure. By implementing NIST-standardized protocols, CHELPIS empowers organizations to navigate the quantum transition with verified resilience and absolute digital sovereignty.For more information, please visit CHELPIS's website: www.chelpis.comForward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our agreements with Yotta, including the expected timing and amount of revenues that may be generated thereunder, the timing of deployment of the servers, and the potential for additional collaboration between Yotta and Gorilla, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.comDave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297617 Original: Gorilla Technology and CHELPIS Accelerate Quantum-Safe SD-WAN to Global Market Deployment, Securing Sovereign Infrastructure for the Post-Quantum Era

bad move into a data center, bubble

Gorilla Technology Secures 200MW Thailand AI Campus to Power Southeast Asia’s Next Wave of AI Compute

"Once fully deployed, Gorilla is targeting approximately US$1.5B of annualised revenue from the campus starting 2028"
https://investors.gorilla-technology.com/gorilla-technology-secures-200mw-thailand-ai-campus-to-power-southeast-asias-next-wave-of-ai-compute/

Merc is in the house. Exciting times for Gorilla. Only getting started.

I do think GRRR is a good company but there starching there arms, they dont display the
terms of there investments not good.

someone enlighten me on how this investment is going to make GRRR any money, people don't want AI that intrude there lives for money and spying into there lives but AI has its place like cybersecurity .

$GRRR: INdias AI infrastructure buildout with NVIDIA GPUs

Creating AI Infrastructure at Nation‑Building Scale

Gorilla is proud to further expand our collaboration with Yotta Data Services, supporting the next phase of India’s AI infrastructure buildout.

The expanded deployment now includes an additional 20,736 NVIDIA B300 GPUs, which… pic.twitter.com/CZBM36KXoD— Gorilla Technology (@GorillaTechGrp) April 29, 2026


Now at $14/sh for $GRRR


GO $GRRR

here you go that company astrikos ai only has not even 2m revs, that 2 billion figure is just hurry buy or just a projection, almost every data center today is losing big money and many data centers shut down building them, over crowded so grrr invested in a private company with little revs ??????? AI is over bought and dyeing the cost to build is astronomical many videos explaining it, no one wants AI but ai in cybersecurity fits, but no when its used against people.Using entrapment like dmv to make money so many was AI can steal your money.

Gorilla Technology Increases Strategic Investment in Astrikos.AIApril 15, 2026 8:30 AM
Newsfile- Builds on Q4 investment to further advance Gorilla's integrated AI infrastructure strategy across India, USA, and UAE- Appoints Managing Partner of Gorilla Tech Capital to the board of AstrikosLondon, United Kingdom--(Newsfile Corp. - April 15, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in AI-driven Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today announced that it has increased its strategic investment in Astrikos.AI ("Astrikos"), the Bengaluru, India-based, real-time infrastructure intelligence company, deepening the operational and commercial relationship between the two businesses.This increased investment marks the next step in Gorilla's strategy to assemble a more complete AI infrastructure stack and builds on its initial strategic investment in Astrikos announced in December 2025. The original investment created the foundation for integrating Astrikos' infrastructure intelligence into Gorilla's broader platform, including its video intelligence stack, smart city architecture, and GPU-enabled data centre offerings.This additional investment reflects continued progress across that integration and positions Gorilla to deepen its partnership with Astrikos. As AI deployments become larger, denser, and more operationally demanding, compute alone is no longer enough. The ability to monitor, predict, optimise, and secure critical infrastructure in real time is becoming essential. Astrikos' platform delivers operational intelligence across critical infrastructure environments, integrating data from cooling, power, IT load, and physical systems into a unified decision layer. This enables operators to improve efficiency, reduce downtime, optimise capacity, and bring greater control to increasingly complex infrastructure estates.This capability is directly aligned with Gorilla's broader strategy. The Company is building and enabling AI-ready infrastructure for governments and enterprises that require sovereignty, resilience, security, and control. By combining Gorilla's strengths in AI infrastructure, GPU deployments, intelligent video analytics, edge intelligence, and cybersecurity with Astrikos' infrastructure intelligence platform, the two companies are able to support a more complete lifecycle for modern AI deployments.The expanded partnership is expected to accelerate joint commercial opportunities across India, Southeast Asia, the Middle East, and other strategic markets like the United States where demand for AI infrastructure is growing rapidly and where customers increasingly require private, secure, and operationally intelligent environments rather than generic commodity cloud models.As a part of the investment, Gorilla has nominated Deborah Hudson, Senior Advisor to the CEO of Gorilla and incoming Managing Partner of Gorilla Tech Capital, to serve as a Non-Executive Director on the board of Astrikos. Her appointment reflects Gorilla's intent to provide active strategic oversight and closer governance alignment as the partnership expands. The appointment of Ms. Hudson will be finalized pending board approval. Jay Chandan, Chief Executive Officer of Gorilla Technology Group, said: "Our increased investment in Astrikos reflects exactly where the market is going and where Gorilla intends to win. India is one of the most important AI infrastructure growth markets in the world. India's data centre industry is already sizeable and growing fast, with capacity expected to increase significantly over the next several years. At the same time, India's AI market has been projected to reach around $17 billion by 2027, underpinned by strong government support and accelerating enterprise adoption. "Our investment in Astrikos is a strategic force multiplier for Gorilla. Astrikos' data centre intelligence capabilities add a highly valuable layer to our broader AI infrastructure strategy, strengthening what we can offer across compute, security, and operational intelligence."We are building for scale in India and across the wider region. We are investing in the infrastructure, the platforms, and the strategic partnerships that allow us to serve this growth properly. Astrikos fits squarely into that vision, and Deborah Hudson's appointment to the board reflects the seriousness of our commitment and the depth of alignment between our two businesses."Chinmay Hegde, Chief Executive Officer of Astrikos.AI, said: "Gorilla's increased investment is a strong endorsement of our platform, our vision, and the scale of the opportunity ahead of us. As critical infrastructure becomes more complex and more central to AI deployments, real-time operational intelligence is becoming indispensable. Customers do not just need infrastructure to exist, they need it to perform, adapt, and operate with precision."This investment gives Astrikos the ability to accelerate that vision and expand our reach across key markets, including the United States, India, and the broader Middle East. Gorilla brings global infrastructure capability, strong execution in government and enterprise environments, and a clear strategic commitment to next generation AI infrastructure."Together, we are building a differentiated offering that combines infrastructure, security, and operational intelligence in a way that is relevant to customers looking for intelligent, secure, and scalable platforms for growth."About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Data Centres, Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website: Gorilla-Technology.comAbout Astrikos.aiHeadquartered in Bengaluru, India, Astrikos is a fast-growing infrastructure intelligence company that specialises in real-time monitoring, prediction, and optimisation for critical national systems. Astrikos delivers advanced AI-driven solutions across large-scale public infrastructure, smart cities, industry 4.0/5.0, government estates, data centres, utilities, transport (airports, rail and seaports) and complex-built environments. Astrikos' technology has been deployed across multiple marquee programmes, including state-level smart city platforms, the New Indian Parliament complex and major international infrastructure initiatives in the Middle East. These deployments demonstrate our ability to meet the stringent requirements of national programmes that demand precision security and continuous availability. By unifying data across sensor networks, building systems and operational centres, Astrikos enables governments and enterprises to improve efficiency, reduce cost, strengthen security and accelerate their digital transformation. For more information please visit: Astrikos.aiForward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These statements include, without limitation, projections regarding the market size, CAGR, and capacity growth of the data centre and AI sectors in India and globally.These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including but not limited to: the possibility that the projected market growth described in third-party reports may not materialize; risks related to the integration of Astrikos.ai's technology; our ability to convert our pipeline; and other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025. Market data used in this release relies on third-party analyst reports which are subject to change and have not been independently verified by the Company. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.comDave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256; GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292670
Original: Gorilla Technology Increases Strategic Investment in Astrikos.AI

i posted on wrong board sorry

Looks like trying to move back up some. Hope so.

Vote of confidence by Gorilla exec,,

https://www.stocktitan.net/sec-filings/GRRR/form-3-gorilla-technology-group-inc-initial-statement-of-beneficial-o-ca179f5debed.html

What was their involvement with IQST? Never heard of that.

garbage company

i donr know why grrr is selling off but im ready to jump ship, but they got a strong cash position.

wrong board

biggest problem they got involved with scum company iqst dragging them down

i dont know why but have a good gut feeling about this stock, at this price what do
you have to lose, cybersecurity is needed, they do have good chance.

i see short attack today look it up

why is this stock down, cybersecurity should fair good during a down turn

Gorilla Technology Strengthens Public Company Reporting and Highlights Strategic ExecutionMarch 19, 2026 4:15 PM
NewsfileLondon, United Kingdom--(Newsfile Corp. - March 19, 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 that its directors and senior management have commenced insider ownership reporting under Section 16 of the Securities Exchange Act of 1934, marking another step in the Company's continued evolution as a mature, disciplined and transparent public company.Based on the Section 16 reporting group reflected in the current filings (and those to come), its directors and senior leadership continue to maintain a meaningful long-term ownership position in the Company, representing approximately 10.8% of the Company's current diluted share base. The commencement of Section 16 reporting follows Gorilla's broader programme to strengthen governance, enhance internal controls, improve disclosure practices and accelerate the cadence of financial reporting. The Company expects all required filings to proceed in line with applicable requirements, with a small number of additional filings expected shortly due to delays in obtaining access to the SEC's EDGAR filing system."Gorilla today is a very different business from the one the market first encountered," said Jay Chandan, Chairman and Chief Executive Officer of Gorilla Technology. "We are building with greater discipline, reporting with greater rigour and executing against a far larger strategic opportunity set. The commencement of Section 16 reporting is another part of that process. More importantly, it sits alongside real operational progress across AI infrastructure, sovereign platforms, smart public safety and long duration digital transformation programmes."Let me be equally clear on insider alignment. Our board and leadership team remain deeply aligned with shareholders. I personally have not sold a single share to date. I have continued to buy because I have deep conviction in our business, our strategy and the long-term value we are building for shareholders. Recent sales that were reported were undertaken for tax-related purposes only and not for discretionary disposal. There is no broader change in conviction, no change in alignment and no change in our long-term view of the value we are building. We remain as invested in Gorilla as ever."On a comparable basis, this ownership position of the Company's designated Section 16 filing group represented approximately 13.8% prior to the Company's equity financing in July 2025, with the change primarily reflecting dilution associated with growth capital raised to support the Company's strategic expansion. The Company believes those actions have strengthened its balance sheet and enhanced its ability to pursue large strategic opportunities across multiple markets.The Company also reaffirmed that it continues to evaluate the use of its authorised share repurchase capacity in 2026 in a disciplined manner, balancing capital return considerations against the significant value creation opportunities currently available through growth investment.Operational Execution Update:At the same time, Gorilla provided a broader update on operational execution, capital markets discipline and strategic momentum across its expanding portfolio of AI infrastructure, security intelligence and national digital transformation programmes.Mr. Chandan continued, "Following our FY 2025 results, we have received additional customer payments from our continued engagements and continue to progress effectively across the business, with ongoing execution against our strategic priorities and continued advancement of key commercial programmes."Gorilla has secured a number of new project wins and extensions in recent days, across capital markets infrastructure, smart city solutions and GPU based AI deployments, underlining the accelerating momentum in our business. We are not standing still. We are converting pipeline into revenue generating activity while investing with intent to build market position and long-term platform value across Asia's most important AI infrastructure corridors. "In addition to India, Singapore, Malaysia, Thailand and Indonesia, we are now also pursuing growth in the Taiwan data centre market, further expanding our reach and reinforcing Gorilla's position as an undisputed leader in AI infrastructure. As these early deployments scale into broader commercial frameworks, we expect the financial profile of the business to strengthen materially. At the same time, customer collections continue to improve, with further payments now being received on a regular basis, giving us growing confidence in our execution and in the scale of the opportunity ahead."About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "intend," "may," "will," "could," "believes," and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues and our ability to convert our pipeline, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners
GRRR@prosek.comDave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289255
Original: Gorilla Technology Strengthens Public Company Reporting and Highlights Strategic Execution

Gorilla Technology & Yotta Sign Landmark AI Infrastructure Deal, Establishing Major Position in India's Sovereign AI BuildoutMarch 16, 2026 8:30 AM
Newsfile- Agreement includes an AI infrastructure deployment in India of approx. 640 high-performance servers with more than 5,000 GPUs for AI workloads- This deployment is expected to contribute more than $500 million in revenue over the next five yearsLondon, United Kingdom--(Newsfile Corp. - March 16, 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 that it has signed binding agreements with Yotta Data Services Private Limited ("Yotta") to deploy GPU infrastructure in India of approximately 640 high-performance NVIDIA HGX B200 servers with more than 5,000 GPUs for AI workloads.Executives from Gorilla Technology and Yotta Data Services during partnership meetings in Navi Mumbai, India. Pictured (left to right): Jackie Wang, General Manager, Asia, Gorilla Technology; Thomas Sennhauser, CTO for Infrastructure, Gorilla Technology; Jay Chandan, Chairman & CEO, Gorilla Technology; Sunil Gupta, Co-Founder & CEO, Yotta Data Services; and Saurabh Bharat, CFO, Yotta Data Services. Source: Gorilla Technology.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/288663_09e11825a4c2383e_001full.jpgBased on the executed agreements and current commercial assumptions, Gorilla expects this deployment to contribute more than $500 million in revenue for the Company over the next five years.The agreements establish Gorilla as a key infrastructure partner to Yotta1, supporting high-performance AI compute deployments across India. Gorilla will provide GPU infrastructure, under a long-duration commercial model, while Yotta will implement and operate the GPUs in accordance with NVIDIA Reference Architecture (RA) at its Uptime Tier IV NM1 Data Centre in Navi Mumbai and deliver AI compute services including hyperscale GPU clusters, bare-metal GPUs, virtual machines, AI lab workstations, serverless GPUs and AI model end-points to enterprises and government customers.Yotta is one of India's most visible digital infrastructure platforms and is well positioned as a leading provider of hyperscale data centres, sovereign cloud and AI compute. Yotta operates two significant hyperscale campuses: a Greater Noida facility currently scalable to 250 MW and a Navi Mumbai campus with a roadmap scaling up to 2 GW. Beyond pure capacity, Yotta also provides a vertically integrated platform that spans the entire technology stack from specialized data centre engineering and green energy sourcing to managed services, cloud, and high-performance GPU compute. Yotta has also been empanelled under the IndiaAI Mission and NVIDIA has described it as India's first Reference Platform NVIDIA Cloud Partner2 and among only six globally in that category. Yotta has established a long-term platform capable of scaling beyond one million GPUs within the next three to five years as India's AI ecosystem accelerates.With India scaling AI at national speed, the market is expected to reach US$17 billion by 20273, with 25% to 35% annual growth, backed by more than US$1.1 billion of IndiaAI Mission funding, the deployment of 38,000 GPUs and a government view that AI could contribute US$1.7 trillion to India's economy by 20354. For Gorilla, this is an opportunity be part of India's sovereign AI buildout through Yotta, which has publicly committed 9,216 advanced GPUs to that national effort.Jay Chandan, Chairman & CEO of Gorilla Technology, said: "This is a defining step for Gorilla. India is one of the world's most important AI growth markets, where sovereign ambition, hyperscale compute demand and real infrastructure deployment are accelerating together. By signing up with Yotta, we are placing Gorilla directly into India's AI infrastructure buildout with a partner that brings scale, credibility and execution. This deployment alone is expected to contribute more than $500 million over five years, and we are working with Yotta to identify additional projects where we can collaborate."Gorilla Technology leadership team visiting Yotta’s data centre campus in Navi Mumbai, India as part of discussions supporting large-scale GPU infrastructure deployment for AI workloads. Source: Gorilla Technology.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/288663_09e11825a4c2383e_003full.jpgSunil Gupta, Co-Founder & CEO of Yotta, said: "India's AI ambition will be built on access to serious compute, serious infrastructure and partners that can execute at scale. Yotta has built its Shakti Cloud platform to serve that need through sovereign AI infrastructure designed for India's next wave of enterprise, public sector and national AI demand, as well as serving global GPU compute demand from India. We believe Gorilla brings strong complementary capability in GPU infrastructure and commercial execution, and we see this collaboration as an important step in scaling AI capacity in India. In Gorilla, we see a long-term infrastructure partner, who shall help us realise the vision of enabling large scale GPU deployment in India over next three years to meet the AI needs of India, APAC, Middle East as well as Global South."Thomas Sennhauser, Chief Technology Officer for Infrastructure of Gorilla Technology, added: "This is a major milestone that validates both our infrastructure model and our ability to execute at scale with serious counterparties. We are now embedding Gorilla into a live, sovereign AI infrastructure buildout with a partner that has real operating depth, real technical capability and real market reach. From an infrastructure standpoint, this gives us a meaningful platform to deploy, manage and expand high-performance AI capacity in one of the most important growth markets in the world."Gorilla and Yotta are also exploring a broader deployment pathway that could extend well beyond this project, including the potential deployment of more than 5,000 additional servers, over the next year or so. This collaboration is intended to support growing AI infrastructure demand in India and may also create opportunities for wider strategic cooperation, including potential data centre development initiatives in Thailand.###About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comAbout Yotta Data ServicesYotta Data Services is a sovereign cloud infrastructure and platform services provider, offering cloud, AI cloud, data center hosting, connectivity, media tech and cybersecurity services; managed applications; and a wide range of managed IT services. Yotta operates its cloud regions at its hyperscale data center parks in Panvel (Navi Mumbai) and Greater Noida (Delhi NCR). Yotta's homegrown, open-source-based, feature-rich Sovereign hyperscale cloud, Yntraa, is MeitY empanelled (VCC and GCC) and is also deployed in large government-owned CSPs on a white labelled / PPP model. In addition, Yotta has launched Shakti Cloud, a cutting-edge platform that leverages advanced AI capabilities, providing enterprises with a comprehensive suite of AI services, including AI labs, AI workspaces, Shakti Studio - AI Inference platform and access to NVIDIA's NIM services, alongside Kubernetes clusters with GPU resources. Yotta is the only NVIDIA Cloud Partner (NCP) across the APAC region to be part of the NVIDIA Exemplar cloud initiative and is one of only six Reference Architecture Platform NCPs across the world.Yotta has won numerous accolades and certifications, including RBI's cybersecurity framework and localization framework, ISO 27017 for the protection of personal information in public cloud, ISO 27701 for Privacy Information Management (PIMS), PCI-DSS, SOC2-Type 2, and SOC3. For more information, visit www.yotta.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our agreements with Yotta, including the expected timing and amount of revenues that may be generated thereunder, the timing of deployment of the servers, and the potential for additional collaboration between Yotta and Gorilla, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.comDave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.com Public Relations Contact - Yotta Data Services
Nikhil Pradhan
Yotta Data Services
+91 97421 17306
npradhan@yotta.com1 Source: https://yotta.com/press-releases/yotta-to-deploy-20000-nvidia-blackwell-ultra-gpus/
2 Source: https://www.nvidia.com/en-us/case-studies/yotta-built-india-sovereign-ai-infrastructure-shakti-cloud/
3 Source: https://indiaai.gov.in/news/nasscom-bcg-report-says-india-s-ai-market-is-expected-to-touch-17-billion-usd-by-2027
4 Source: https://www.ibef.org/news/ai-could-add-us-1-7-trillion-to-india-s-economy-by-2035-as-the-government-scales-up-its-push To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288663
Original: Gorilla Technology & Yotta Sign Landmark AI Infrastructure Deal, Establishing Major Position in India's Sovereign AI Buildout

READY FOR TAKE OFF THIS HALF IMO

There is still a significant operating loss far from impressive.

I want to know were there at now that was comparing to 2024 revs it is now 2026

Gorilla Technology Reports for Full Year 2025: Record Revenue of $101.4 Million and Major Profitability TurnaroundMarch 2, 2026 4:15 PM
Newsfile- 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 genuine operating 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 losses."Our 2025 results are built on delivered work, disciplined cost control, and improved quality of earnings. We are not managing for optics, instead, we are managing for execution."We are watching the market conversation shift from 'Did you beat the quarter?' to 'Will AI spending hold up?' That's a fair debate, but it misses the fulcrum. AI is no longer a discretionary software trend, rather, it is becoming a national capability and a core operating layer for enterprises."The next phase of AI demand cannot be defined by one buyer or one deal. It will be defined by many buyers across various sectors that are building permanent capacity. These will include governments, regulated enterprises, telecom operators, logistics networks, financial services platforms and more."AI compute is shifting from a training led cycle to an inference led cycle. That does not reduce demand, it broadens it. Inference pushes AI into everyday workflows and mission critical operations, which increases the need for distributed compute across regional data centres and edge environments where latency, data residency and resiliency requirements matter."Data sovereignty is not a buzzword but becoming policy and procurement reality. Governments and critical industries are increasing local capacity because they do not want their national data, law enforcement workloads, border security workloads, citizen services and strategic economic models sitting in foreign jurisdictions."Enterprises are no longer asking 'Can we experiment with AI?' but 'How do we deploy a secure and regulatory compliant AI at predictable unit economics?' That shifts decision making away from hype and towards infrastructure, governance, security and cost per inference."Telecom operators are not just selling bandwidth anymore. They are becoming infrastructure orchestrators. They have the fibre, the last mile, the enterprise relationships and the regulatory posture to build compliant regional AI platforms. That is a structural tailwind for regional data centres and sovereign AI infrastructure."This is exactly the evolution we are positioning for. AI infrastructure is moving from a small number of centralised mega builds to a network of sovereign and regional platforms built around data locality, latency and compliance. Our internal market work, informed by multiple datasets, partner inputs and active customer conversations, shows the scale of this build cycle."That is why we are advancing data centre and AI infrastructure activity across Singapore, Malaysia, Thailand, India and Indonesia. We are expanding our evaluation work in India and progressing our strategy in the Middle East, which includes Saudi Arabia where an MoU has been signed and we are actively exploring data centre development opportunities. We are also exploring opportunities to buy and / or build our own data centre assets. Ownership changes the model: more control over delivery, stronger long-term positioning and the potential to build recurring infrastructure-led revenue streams rather than relying only on project cycles."In parallel, we are strengthening our product edge for this next phase of adoption. Our post quantum cryptography SD WAN solution is on track to be ready in April 2026, and our lawful interception product suite remains in continued research and development as we expand sovereign grade capability across security, intelligence and compliance led deployments."We are positioned for this evolution. We design, build and deploy sovereign-grade platforms, and we operate in the real world of procurement cycles, national requirements, compliance and service levels."I encourage the market to look at the signals that matter in infrastructure businesses: mobilisation activity, delivery cadence, collections and cash conversion. Our top customer projects are progressing strongly and customer satisfaction is reflected in payment behaviour. We aim to be cash flow positive this year with sustained discipline in delivery, overhead control and cash collections."Finally, Gorilla Technology Capital is a game changing catalyst for our next phase. It is designed to expand our ability to execute larger infrastructure programmes by structuring capital efficiently, aligning long-duration funding with long-duration assets, and enabling customers to move faster with clearer financing pathways. It strengthens our ability to scale data centre builds, accelerate GPU infrastructure deployment and participate in materially larger mandates with institutional grade structures and governance.""We are excited to continue to deliver in the year ahead."Outlook for 2026:Gorilla entered 2026 with strong operating momentum and a clear focus on execution in one of the fastest growing infrastructure sectors, globally. We are actively advancing our AI infrastructure and data centre build strategy across India, Malaysia, Thailand and Indonesia and we continue to evaluate opportunities in India and the Middle East as part of our broader regional expansion.Independent industry estimates indicate the Asia Pacific data centre market is expected to reach approximately $35.8 billion in 2026 and grow to approximately $94.1 billion by 2031, with installed capacity rising from approximately 29,300 Megawatts ("MW") in 2025 to approximately 63,100 MW by 2030. India is also scaling rapidly, with JLL reporting total inventory of 1,123 MW of IT load capacity as of H1 2025 and strong AI driven demand growth. Middle East market estimates point to continued expansion from approximately $3.5 billion in 2026 toward approximately $7.2 billion by 2031.Against this backdrop, the Company's pipeline currently stands in excess of $7 billion, which has increased largely due to advanced stage AI and GPU infrastructure opportunities in key markets including Saudi Arabia, Thailand, Indonesia, India and Malaysia. Recent project updates include:Delivered the first phase of the deployment of a lawful interception project with a major investigation bureau in APAC.Won a project with the special Police Unit in Taiwan focused on forest preservation.Signed a MoU with a large real estate operator in Saudi Arabia to partner on local data centre opportunities.Gorilla's customer projects continue to perform, with execution progressing well and customer relationships remaining robust. Thus far in 2026, Gorilla collected more than $22 million for solutions delivered and invoiced in 2025. Additional meaningful collections in the coming weeks are expected to further support liquidity, working capital discipline and execution across active programmes.In parallel, Gorilla continues to invest in product and innovation capability to support long -term growth and margin quality. Its post quantum cryptography solution for SD-WAN is targeted to be ready in April 2026, and the Company is continuing research and product development across the lawful interception product suite and related intelligence capabilities.Statement from Bruce Bower, CFO:"With our capital structure now a strength rather than a constraint, Gorilla enters 2026 with real financial firepower. In 2025, we materially reduced operating expenses, sharply improved reported losses and maintained strong adjusted profitability while continuing to invest in growth. That combination reflects a more disciplined operating model and a stronger quality of earnings."We exited the year with substantial liquidity, including total cash of $104.8 million as of the end of 2025. We also reduced debt to $13.8 million, leaving the Company with a very strong net cash position. This balance sheet strength gives us the flexibility to execute existing mandates, support working capital through delivery cycles and fund expansion with discipline. Our priorities for 2026 are to maintain tight financial controls, improve cash conversion and support the business as we aim to become cash flow positive. We will continue to consider additional buybacks as we believe the price of our stock continues to substantially undervalue Gorilla, both in terms of our historical fiscal performance and our strategic plans going forward."FinancialsGorilla Technology Group Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Expressed in United States dollars)
 As of

 December 31, 2025
December 31, 2024
Items (Unaudited and Unreviewed)
Assets 





Current assets 





Cash and cash equivalents and Restricted deposits $104,830,557
$37,472,301
Accounts receivable, net and Unbilled receivables 
111,994,621

59,976,352
Other current assets 
16,452,852

29,222,923
Total current assets 
233,278,030

126,671,576
Non-current assets 
 

 
Property and equipment 
15,749,411

14,939,143
Intangible assets and Right-of-use assets 
3,054,848

3,437,006
Deferred tax assets, net 
11,938,173

6,938,213
Other non-current assets 
7,394,117

1,810,044
Total non-current assets 
38,136,549

27,124,406
Total assets $271,414,579
$153,795,982

 
 

 
Liabilities and Equity 
 

 
Liabilities 
 

 
Current liabilities 
 

 
Borrowings $10,391,379
$17,045,829
Accounts and other payables 
46,042,759

28,490,211
Stock warrant liabilities 
241,006

20,082,272
Income tax liabilities 
11,588,564

9,028,829
Other current liabilities 
1,882,594

664,144
Total current liabilities 
70,146,302

75,311,285
Non-current liabilities 
 

 
Long-term borrowings 
3,404,363

4,372,188
Deferred tax liabilities 
652,782

42,897
Other non-current liabilities 
1,131,293

965,759
Total non-current liabilities 
5,188,438

5,380,844
Total liabilities 
75,334,740

80,692,129
Equity 
 

 
Share capital 
26,356

19,443
Treasury shares at cost 
(2,105,274)
(33,206,628)Other equity 
198,158,757

106,291,038
Total equity 
196,079,839

73,103,853
Total liabilities and equity $271,414,579
$153,795,982
 Gorilla Technology Group Inc. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Loss)
(Expressed in United States dollars)

Years ended December 31,


2025
2024
Items
(Unaudited and Unreviewed)
Revenues, net
$101,360,657
$74,674,030
Cost of revenues

(67,484,636)
(37,365,807)Gross profit

33,876,021

37,308,223
Operating expense

(47,544,508)
(104,250,398)Operating loss

(13,668,487)
(66,942,175)Net loss
$(11,276,598)$(64,794,616)


 

 
Basic loss per share
$(0.51)$(6.13) Gorilla Technology Group Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Expressed in United States dollars)

Years ended December 31,


2025
2024


(Unaudited and Unreviewed)
Net cash used in operating activities
$(28,924,085)$(29,649,982)Net cash provided by investing activities

5,724,325

16,636,834
Net cash provided by financing activities

101,191,087

27,975,750
Effect of exchange rate changes

(158,414)
1,429,743
Net increase in cash and cash equivalents
$77,832,913
$16,392,345
Cash and cash equivalents at beginning of year
$21,699,202
$5,306,857
Cash and cash equivalents at end of year
$99,532,115
$21,699,202
 Reconciliation of non-IFRS Financial Measures to IFRS MeasuresIn addition to its reported results in accordance with International Financial Reporting Standards (IFRS) followed by the Company, it has included in this release certain financial measures that are considered non-IFRS financial measures, including the following:(i) Earnings before interest, taxes, depreciation, and amortization (EBITDA);(ii) Adjusted EBITDA; and(iii) Adjusted net income and adjusted earnings per share.Reconciliation of Operating Income (Loss) to EBITDA and Adjusted EBITDA

Years ended December 31,


2025
2024


(Unaudited and Unreviewed)
Items
(Amount in USD)
Operating loss (IFRS)
$(13,668,487)$(66,942,175)Add: Depreciation expenses

753,406

574,121
Add: Amortization expenses

560,273

821,201
EBITDA (non-IFRS)
$(12,354,808)$(65,546,853)Add: Restructuring costs (1)

-

432,774
Add: Exchange loss from currency devaluation (2)

25,652,684

25,332,651
Add: Fair value measurement of financial instruments, net (3)

1,039,329

59,540,069
Add: Stock-based compensation expenses (4)

4,768,696

201,908
Adjusted EBITDA (non-IFRS)
$19,105,901
$19,960,549
 Reconciliation of Net Loss and Loss per Share to Adjusted Net Income and Adjusted Earnings per Share

Years ended December 31,


2025
2024


(Unaudited and Unreviewed)


(Amount in USD)
Items
Amount
EPS Impact
per share
Amount
EPS Impact
per share
Net loss (IFRS)
$(11,276,598)$(0.51)$(64,794,616
$(6.13)Add: Restructuring costs (1)

-

-

432,774

0.04
Add: Exchange loss from currency devaluation (2)

25,652,684

1.15

25,332,651

2.40
Add: Fair value measurement of financial instruments, net (3)

1,039,329

0.05

59,540,069

5.64
Add: Stock-based compensation expenses (4)

4,768,696

0.21

201,908

0.02
Less: Tax effects of stock-based compensation expenses

(635,874)
(0.03)
-

-
Add: Amortization of acquired intangible assets (5)

342,000

0.02

535,500

0.05
Adjusted Net income (non-IFRS)
$19,890,237
$0.89
$21,248,286
$2.01
Adjusted diluted earnings per share (non-IFRS)

 
$0.88

 
$2.01
 Notes:1. Restructuring costs - includes expenses related to organizational restructuring, including severance payments.
2. Exchange loss from currency devaluation - is the devaluation of monetary assets denominated in the Egyptian pound primarily due to depreciation of the Egyptian pound against the U.S. dollar.
3. Fair value measurement of financial instruments - includes notional non-cash impact of fair value remeasurement of convertible preference shares and warrants.
4. Stock-based compensation expenses - includes non-cash expenses recognized in connection with restricted stock unit awards granted to employees and directors, which vest based on service conditions.
5. Amortization of acquired intangible assets - includes non-cash amortization expense related to intangible assets recognized from asset acquisitions.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to convert our pipeline, our ability to attract the attention of customers and investors alike, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations ContactInvestor Relations ContactSamantha Dowd
Prosek Partners
GRRR@prosek.comDave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285978
Original: Gorilla Technology Reports for Full Year 2025: Record Revenue of $101.4 Million and Major Profitability Turnaround

Gorilla Technology to Host Fiscal Year 2025 Financial Results Conference Call on March 2 at 4:30 p.m. ETFebruary 24, 2026 9:00 AM
NewsfileLondon, United Kingdom--(Newsfile Corp. - February 24, 2026) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") will host a conference call on Monday, March 2, 2026, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the year ended December 31, 2025. A press release containing the financial results will be issued before the call.Call Date: Monday, March 2, 2026 Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time) Toll Free: +1-800-715-9871International: +1-647-932-3411Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact RedChip Companies at 1-407-644-4256.The conference call will be webcast live and available for replay at: https://www.gowebcasting.com/14627About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.comPublic Relations Contact:

Samantha Dowd
Prosek Partners
GRRR@prosek.com Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285066
Original: Gorilla Technology to Host Fiscal Year 2025 Financial Results Conference Call on March 2 at 4:30 p.m. ET

Gorilla Technology Acquires Shackleton Finance to Establish Regulated Capital Platform and Fund AI Infrastructure GrowthFebruary 18, 2026 9:00 AM
Newsfile- Newly formed entity, Gorilla Technology Capital, will support expansion and capital formation for large-scale AI data centres and mission-critical digital infrastructure -London, United Kingdom--(Newsfile Corp. - February 18, 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 that it has entered into a memorandum of understanding outlining the principal terms of a proposed acquisition of Shackleton Finance Limited ("Shackleton"), a UK-authorised Alternative Investment Fund Manager (AIFM) and subsidiary of Shackleton Ventures. Upon completion of the acquisition, Shackleton is expected to be rebranded as Gorilla Technology Capital.The proposed acquisition is designed to align Gorilla's technology origination and infrastructure delivery expertise with Shackleton's established FCA-regulated fund management framework, forming a capital structure to support investment in critical digital infrastructure. Gorilla Technology Capital is expected to operate as a dedicated investment vehicle for institutional capital targeting smart infrastructure and AI-driven assets globally, including data centres, GPU-as-a-Service, quantum technologies, next-generation cybersecurity, and national digital infrastructure. Future funds will have the ability to make investments in Gorilla's projects, giving long-term fund investors access to these sectors while providing Gorilla with another potential financing source for capital and operating expenses related to its executed contracts. This strategy reflects Gorilla's commitment to non-dilutive project-related financing options.Shackleton's senior management is expected to remain in place to ensure continuity, regulatory stability, stewardship of existing funds, and experienced leadership in raising new capital focused on the technology sectors in which Gorilla operates. The business will continue to operate with strong independent governance, including conflict management protocols and investment committee oversight, consistent with UK regulatory standards. Any future fund distribution will be limited to professional clients and eligible counterparties."The acquisition of Shackleton Finance marks an important milestone in building a platform focused on driving institutional investment in smart infrastructure," said Jay Chandan, Chairman and Chief Executive Officer of Gorilla. "Gorilla will have the opportunity to obtain regulated capital that is long-term oriented and seeking exposure to AI data centres, GPU-as-a-Service, quantum technologies, and next-generation cybersecurity in markets positioned for rapid advancement, while our focus on non-dilutive financing sources will enhance the returns we seek to deliver to our long-term shareholders.""The combination of a regulated fund management framework with Gorilla's operational capabilities creates a compelling force multiplier," said Deborah Hudson, Managing Partner designate of Gorilla Technology Capital. "Our objective is to establish a disciplined investment platform that supports institutions and public-sector counterparties seeking structured capital solutions, underpinned by strong governance alongside operational expertise and execution.""This transaction strengthens our platform by pairing Shackleton's two decades of regulated fund management experience with a global technology partner," said Hugh Stewart, Chairman of Shackleton Ventures. "Our priority remains continuity and responsible stewardship of the funds we manage, alongside disciplined expansion into smart infrastructure strategies."Regulatory ApprovalCompletion of the acquisition is conditional upon approval by the UK Financial Conduct Authority ("FCA") under the change in control regime. Approval is not assured and the timing remains subject to this process. Subject to FCA approval, the parties intend to execute a detailed sale and purchase agreement.This announcement does not constitute an offer to invest in any fund or investment product and any future funds will be established and marketed in accordance with applicable regulatory requirements.About Gorilla Technology Group Inc.Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.For more information, please visit our website: Gorilla-Technology.com.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our ability to consummate the acquisition of Shackleton, including obtaining FCA approval, negotiate investments in our projects from new Gorilla Capital funds on an arm's-length basis, and win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.Public Relations Contact:Samantha Dowd
Prosek Partners
GRRR@prosek.comInvestor Relations Contact:Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284311
Original: Gorilla Technology Acquires Shackleton Finance to Establish Regulated Capital Platform and Fund AI Infrastructure Growth

''Net Income from Continuing & Discontinued Operation
-67,156.03'' Lousy performance this year.

Impossible to model any type of revenue or EPS with how they disclose guidance and backlog. They are all over the place. 

Yes likewise. Refreshing to converse with someone who does their DD and knows what they are talking about.

Interesting take, going to follow your profile for more...

Thanks for the clarification. I think the appointment of Sennhauser confirms the data center business.

Think of it this way:

GRRR took a one-time accounting hit because the Egyptian pound collapsed and they had to revalue their contract. That looks ugly on the income statement, so traders sold.

But the contract itself didn’t disappear. Between Egypt + other long-term deals, they still show ~$171M in committed revenue stretching years out. Meanwhile they’re quietly hiring GPU/data-center talent, which suggests the “AI infrastructure provider” angle may be real, not just buzzwords.

So the market is reacting to a temporary currency translation loss, while the business is transitioning into a higher-margin model with locked-in backlog. That mismatch between optics and fundamentals is where the opportunity is.

So what does that all mean?

Sovereign AI build-out vs FX panic.

Egypt contract + other long-term deals leave ~$171M backlog through 2027, but 2024 took a one-off FX + FV hit. Stock is ~13% off since the CTO 6-K even as they staff up GPU/DC infra. Asymmetry.

Trending back to $30 and warrants to .60

GRRR, trending sideways

Looks like Culper big winner. Jay stated on WTR weiner that since lawsuits settled clears the run way and he intended to use it. Crickets. Sometimes feel he is just one big BS artist. Been following this stock for over 9 months. Haven't announced any new signed contracts. Just alot of pie in the sky projects. 

"Gorilla Technology Group and Culper Research have agreed to resolve their litigation via a confidential non-monetary settlement." This is hardly anything like a victory for GRRR.

https://insights.gorilla-technology.com/smart-city-data-management-balancing-innovation-with-privacy//