Gorilla Technology Group Inc. reported a significant increase in revenue for the first quarter of 2025, reaching $18.3 million, a 109% year-on-year growth. The company's adjusted net income rose by 46.7% to $4.47 million compared to the same period last year. Adjusted EBITDA increased by 47.5% to $5.16 million, highlighting Gorilla's expanding operating leverage and disciplined execution. The adjusted earnings per share $(EPS)$ climbed to $0.23, demonstrating a substantial improvement from a basic loss per share of $1.47 in Q1 2024. Gorilla Technology Group Inc. also reported a disciplined reduction in debt, bringing it down to $18.4 million from $21.4 million at the end of 2024. The company ended the first quarter of 2025 with total cash reserves of $33.8 million, including $20.8 million in unrestricted cash, providing a solid liquidity base for future expansion. Gorilla is positioning itself as a key partner for governments and mid-sized enterprises, with a focus on accelerating growth and creating measurable value.
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