Gorilla Technology H1 Revenue Surges 99% to $78.4M

London, United Kingdom - Gorilla Technology Group Inc. (NASDAQ: GRRR), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, announced its unaudited financial results for the six months ended June 30, 2026.

The company delivered a significant acceleration in revenue and a marked sequential improvement in reported operating performance during the second quarter. The strong outperformance was principally driven by earlier-than-anticipated delivery across multiple contracted customer programmes, allowing Gorilla to recognize associated revenue ahead of original expectations.

Financial Highlights

• H1 revenue increased 99.3% to approximately US$78.4 million, compared with US$39.3 million in H1 2025.
• Reported IFRS operating loss was US$47.2 million, and adjusted EBITDA was a loss of US$14.6 million.
• Cash position strengthened significantly, closing the period with approximately US$179.4 million in cash.
• Net cash used in operating activities declined by 65.3% year-on-year to US$4.3 million.

Looking ahead, Gorilla is raising its financial outlook for the full year 2026, now expecting revenue of at least US$200 million. For the third quarter of 2026, the company increased its revenue planning range to US$48 million to US$50 million. Additionally, Gorilla announced a 2027 revenue target of US$450 million to US$500 million.