Gorilla Technology Group Inc., a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, has provided an update on its share repurchase programme.
Since the board increased its share repurchase programme to $20 million in the fourth quarter of 2025, the company 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, the firm sought to repurchase additional shares. However, certain orders could not be fulfilled due to limited market availability.
“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 recognise 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,” it stated.
The company announced it would pause repurchases until after the release of its full 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, the company 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, with a single objective: protecting and compounding value for our shareholders.
Looking ahead, the board will continue to evaluate capital allocation dynamically, including additional share repurchases, alongside growth investments, 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,” the company explained.
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, would be announced in due course, it stated.
