Gorilla Technology Group Inc ( GRRR ) reported financial results for the first half of 2025 before the market open on Thursday. Here’s a rundown of the report.

What Happened: Gorilla Technology ( GRRR ) reported revenue of $39.33 million for the first half of 2025, beating estimates of $21.5 million, according to Benzinga Pro. The company reported adjusted earnings of 29 cents per share, beating estimates of 17 cents per share.

Total revenue was up 90.2% on a year-over-year basis, driven by strong execution across key global contracts.

Gorilla said it ended the first half of the year with $26.1 million in total cash and $18.1 million in debt. The company also noted that it raised $105 million in an equity offering in July.

“Gorilla has completed the first half of 2025 with focus, strength and clear momentum … We have delivered on major programmes and signed near-term projects that will accelerate performance in 2026 and beyond,” said Jay Chandan, chairman and CEO of Gorilla Technology ( GRRR ).

Gorilla Technology ( GRRR ) highlighted the signing of three key contracts during the first half of the year, expanding its pipeline to more than $5 billion. The company said it’s in active negotiations on several additional contracts.

GRRR Price Action: Gorilla Technology ( GRRR ) shares were up 3.35% at $18.19 at the time of publication Thursday, according to Benzinga Pro.

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