Gorilla Technology IFRS net loss widens to US$46.9 million in H1; revenue more than doubles to US$78.4 million year-on-year
GRRR•Adjusted results, cash flow and outlook
Non-IFRS adjusted EBITDA swung to a loss of US$14.6 million; adjusted net loss was US$15.6 million, or US$0.58 per share.
Net cash used in operating activities fell 65.3% to US$4.3 million; cash climbed US$79.8 million to US$179.4 million.
The company raised its FY2026 revenue outlook to at least US$200 million and targets US$450 million to US$500 million in 2027 with substantial gross margin improvement.
H1 revenue more than doubles on earlier programme deliveries
Gorilla Technology posted H1 revenue of US$78.4 million, more than doubled from a year earlier, on earlier-than-anticipated programme deliveries.
IFRS operating loss widened to US$47.2 million; IFRS net loss widened to US$46.9 million.
