Gorilla Technology Converts Growth Into Cash: Q1 Revenue Up 55%, Operating Cash Flow Turns Positive & Full Year Guidance Raised

About this update from Gorilla Technology Group Inc.

- 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: 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 20...

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