- CEO Jay Chandan confirms execution of share repurchases following the Board's $20 million authorisation -

- Company discloses updated buybacks to date and remaining capacity under the programme -

- Company expects to release its Full Year 2025 financial results in mid-March -

London, United Kingdom--(Newsfile Corp. - January 9, 2026) - Gorilla Technology Group Inc. (NASDAQ:GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, today provided an update on its share repurchase programme.

"Since the Board increased our share repurchase programme to $20 million in the fourth quarter of 2025, we have repurchased approximately $5.0 million of shares representing approximately 354,000 shares.

In total the Company has now repurchased approximately $10.4 million of shares under the programme leaving approximately $9.6 million of remaining capacity.

These repurchases have been executed while maintaining a strong cash position and without compromising funding for our committed projects, growth initiatives or operating requirements.

Recently, we sought to repurchase additional shares; however, certain orders could not be fulfilled due to limited availability in the market. We have observed reduced liquidity in Gorilla shares, which we believe is increasingly driven by a shareholder base with a long-term orientation that is choosing to hold rather than sell at current levels. While we recognize the frustration that market dislocation can create, we remain confident that consistent execution and delivery over time will be reflected in the value of our shares.

The Company will pause repurchases until after the release of our Full Year 2025 financial statements at which time we intend to resume repurchases if the share price continues to fail to fairly reflect the intrinsic value of Gorilla.

In the meantime, we will continue executing our strategy for the benefit of our long-term focused shareholders. We remain fully funded for our growth initiatives and we will continue to allocate capital with discipline and with a single objective of protecting and compounding value for our shareholders.

Looking ahead, the Board will continue to evaluate capital allocation dynamically, including additional share repurchases, alongside growth investment, as conditions warrant. Gorilla is entering 2026 from a position of strength with contracted projects, a resilient capital structure and a robust pipeline. We could not be more excited about the year ahead."

Upcoming Earnings Release

The Company expects to release its abbreviated Full Year 2025 financial results in mid-March 2026 to be followed later by its annual 20-F filing. Further details, including the exact date and dial-in information for the earnings call, will be announced in due course.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in 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.com.

Forward-Looking Statements

This 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 attract the attention of customers and investors alike, Gorilla's ability to 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 will file 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 materialise, 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.
1-407-644-4256
GRRR@redchip.com

Public Relations Contact:

Samantha Dowd
Prosek Partners
GRRR@prosek.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279900

Gorilla Technology Provides Update on $20 Million Share Repurchase Programme