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2Stallions Showcases How AI Can Transform Productivity for Businesses

Awarded AmCham’s “Quantum Leap in AI & Digital,” 2Stallions digital marketing agency demonstrates how practical AI automations streamline operations and boost productivity for businesses.


SINGAPORE – Media OutReach Newswire – 18 November 2025 – At the recent AmCham Singapore Represent Awards 2025, held at Raffles Sentosa and officiated by Guest-of-Honour Indranee Rajah, Second Minister for Finance, 2Stallions Digital Marketing Agency received the “Quantum Leap in AI & Digital” award. The recognition highlights the agency’s practical, integrated use of AI to improve team productivity and strengthen the value delivered to clients.

2Stallions Awarded 'Quantum Leap in AI & Digital' at AmChamREPRESENT Awards 2025
2Stallions Awarded ‘Quantum Leap in AI & Digital’ at AmChamREPRESENT Awards 2025

The AmCham Represent Awards celebrate organisations that advance innovation, workplace culture, and business excellence within the American Chamber of Commerce community.

The agency is using this moment to highlight a broader message for the business and marketing community: AI is becoming a practical lever for productivity, efficiency, and cost-saving across day-to-day operations.

AI as a Practical Time-Saver for Modern Organisations

Many companies today still spend hours each week on repetitive, manual tasks that drain bandwidth—compiling numbers for reports, categorising data, drafting routine content to preparing slides.

2Stallions’ experience shows that much of this can now be automated safely and reliably.

Some examples of AI-powered initiatives the agency introduced across its teams include:

1. Automated Data Reporting

Reporting is one of the most time-consuming tasks across marketing teams, traditionally involving an error-prone method of copying and pasting a large amount of numbers.

By connecting analytics platforms with ChatGPT and Google Docs using AI automation platforms such as Zapier and Pabbly Connect, data is now summarised and exported into slide templates automatically. This leaves the team to simply add their insights and recommendations before the report is ready.

Reporting tasks that once required hours of manual compilation now take minutes, freeing teams to focus on more strategic tasks.

2. Large-Scale Content Drafting

Traditionally, blog writing and other content production require many hours or days of research, structuring, and repetitive rewriting.

By supplying original ideas, brand guidelines, and outlines into AI platforms, writers can generate first drafts faster while keeping the gist of the content and strategic thinking human-led.

3. Cost-Efficient Visual Production

For brands that normally depend on photoshoots or video production for high-budget visual campaigns, AI-generated product shots, lookbooks with model imagery to video ads can drastically reduce production costs while still looking realistic and high-quality.

This approach benefits SMEs in particular, allowing them to achieve polished outputs without the overhead of traditional shoots or production.

The Productivity Equation: Human Strategy + AI Execution

2Stallions stresses that productivity gains do not come from outsourcing entire workflows to AI.

The real efficiency comes from pairing human direction with AI assistance:

  • Humans define the brief, strategy, and brand positioning.
  • AI accelerates execution for repetitive or mechanical tasks.
  • Humans refine, review, and finalise the output.

This hybrid approach helps teams produce higher-quality work while preserving authenticity and strategic oversight.

Practical Applications of AI for Businesses

Singaporean companies—whether in retail, financial services, B2B sectors, or SMEs—can adopt similar automated AI workflows to:

  • Reduce operational hours spent on low-value task
  • Improve reporting accuracy through automated data pipelines
  • Lower production costs for visuals and content
  • Boost team morale by easing workloads and repetitive task fatigue
  • Reallocate manpower to higher-level planning and strategic roles

Setting up AI automations and AI agents, as well as knowing how or when to use generative AI does require some level of expertise. Companies can upskill internal teams to build the skills they need as well as partner with external AI automation specialists. 2Stallions also offers Marketing Automation services that help businesses implement AI workflows to automate common marketing and sales functions.

Dhawal Shah, Co-Founder & Managing Director of 2Stallions quoted, “AI has allowed our teams to reclaim meaningful hours and reclaim work-life balance. The goal is not to replace expertise, but to extend it. When we automate the repetitive parts of the job, our people can focus on strategic thinking and creative work that moves the needle for clients.”

Hashtag: #SingaporeBusiness #AIProductivity #SmartAutomation

The issuer is solely responsible for the content of this announcement.

2Stallions Digital Marketing Agency

Founded in 2012, 2Stallions is a full-service digital marketing agency with teams across Singapore, Malaysia, Indonesia to India. The agency works with local businesses to enterprises across Asia to deliver performance-driven marketing strategies spanning SEO, digital advertising, social media, content, email, web development to marketing automation. The agency is also a pre-approved vendor of the Productivity Solution Grant (PSG), allowing Singaporean SMEs to receive up to 50% grant support for digital marketing services.

For more information, visit .

MVGX Advances Maritime Green Transformation at the 2025 World Maritime Merchants Forum

SINGAPORE, Nov. 18, 2025 /PRNewswire/ — MVGX Tech, a Singapore-based leader in Sustainable AI and Green Finance Technology, took part in the 2025 World Maritime Merchants Forum in Hong Kong. Held under the theme “Steering Sustainability through Changes”, the forum brought together global maritime leaders to explore coordinated pathways for decarbonisation and digital transformation.

During the forum, two major industry group standards were officially released. Developed jointly by multiple authoritative organisations with strong involvement from MVGX, the standards are: Calculation Methods for Life Cycle GHG Intensity of Marine Fuels and Verification for Attained Annual Greenhouse Gas Fuel Intensity of Ships.

These two standards address critical gaps in the industry’s methodologies for low-carbon accounting and verification of marine fuels. Each standard introduces a systematic approach for calculating and verifying full life-cycle emissions, covering the entire process from raw material acquisition and production to transportation, storage, and onboard use. Together, the standards provide the sector with unified, scientific, and actionable technical frameworks. This alignment also brings domestic regulations closer to IMO rules, strengthening China’s technical influence in global green maritime governance.

The calculation standard offers structured support for fuel pathway assessment and emissions reduction strategy development, while the verification standard provides a complete framework for compliance assurance. The release of this standards series lays a quantitative foundation for the sector, while also builds momentum for the upcoming global launch of OptiFuel EU and AIPoS Platform.

Designed in line with tightening global environmental regulations and the maritime sector’s accelerating green transition, the OptiFuel EU fully complies with the FuelEU and the EU ETS. Its intelligent algorithms optimise fuel use and fuel mix, reducing both fuel-related expenses and regulatory compliance costs with precision.

Meanwhile, AIPoS Platform streamlines sustainability data management by automating the tracking, processing, and intelligent analysis of marine fuel data. This provides maritime enterprises with a strong data-driven foundation for strategic decarbonisation decisions.

By aligning closely with industry standards, these two products offer maritime enterprises worldwide a comprehensive solution that supports compliance, cost optimisation, and operational efficiency.

MVGX aims to help the sector move towards a more efficient, transparent, and sustainable future. More information on the global launch of both products will be shared soon.

About MVGX

MVGX Tech is a global leader in Sustainable AI and Green Finance Technology, specialising in three key areas: Green Asset Trading, Sustainable AI Services and Green Finance Solutions. By integrating expertise in artificial intelligence, sustainability and RWA-compliant green finance, MVGX provides end-to-end, internationally compliant solutions, from carbon tracking, reporting and compliance management to the integration of green assets into sustainable finance. Its mission is to empower organisations to accelerate their sustainability goals through technology-enabled transparency, trust and impact.

Tomorrow.Blue Economy explored the potential of the blue economy for ports, cities and corporations

The enormous potential offered by the blue economy was the main focus of the fourth edition of the Tomorrow.Blue Economy World Congress (TBEWC), held from November 4–6 at Fira de Barcelona’s Gran Via venue as part of the Smart City Expo World Congress. The event highlighted how fishing, aquaculture, port management, shipbuilding, and other activities linked to seas and oceans are turning the marine ecosystem into a key driver of socio-economic development.

BARCELONA, Spain, Nov. 18, 2025 /PRNewswire/ — TBEWC featured 120 experts and 42 sessions across the three major events that made up the congress: Smart Ports: Piers of the Future, promoted by the Port of Barcelona; and the Global Blue Finance Summit and the Sustainable Ocean Summit, both organized by the World Ocean Council.

Visitors walk through the halls of Tomorrow.Blue Economy 2025
Visitors walk through the halls of Tomorrow.Blue Economy 2025

The congress also included a start-up area, the Ocean Innovation Hub, where 30 emerging companies specialising in the blue economy showcased solutions ranging from sensorized decontamination barriers to materials that recover carbon from the seabed, floating wind platforms, proteins derived from algae biomass, and hydrogen-refuelling buoys for offshore vessels.

Port Management & Finance

Representatives from nine European, North American, and Asian ports took part in the seventh edition of the Smart Ports congress, including the President of the Port of Barcelona, José Alberto Carbonell; the Vice President of the Port of Busan (South Korea), Ja-rim Koo; and the CEO of the Port of Hamburg and President of the IAPH (International Association of Ports and Harbors), Jens Meier.

The Global Blue Finance Summit focused on innovation, bluetech, and marine and coastal systems as areas of public and private investment. Speakers included Dale Galvin, Managing Director of the Global Fund for Coral Reefs Investment Fund; Esther Badiola, Principal Climate Adviser at the European Investment Bank; and Lucy Holmes, Senior Director of Ocean Markets and Finance at WWF UK.

The Sustainable Ocean Summit explored business, start-up, and innovator involvement in corporate ocean responsibility, with contributions from Jason Giffen, Chief Sustainability & Innovation Officer at the Port of San Diego; Aisha Stenning, Business Action Lead for the Plastics Team at the Ellen MacArthur Foundation; and Ben Rubin, Executive Director and Founder of the Carbon Business Council, among others.

The Tomorrow.Blue Economy World Congress is organised by Fira de Barcelona with the collaboration of Barcelona City Council through Barcelona Activa; the Port of Barcelona; the World Ocean Council; Oceanovation; and Smart Ports: Piers of the Future.

 

 

ArmourZero Secures Strategic Angel Investment to Accelerate Enterprise Cybersecurity Growth in Asia and the Middle East

Funding from Yang Teramat Mulia Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri enables regional market expansion and strengthens strategic enterprise partnerships

KUALA LUMPUR, Malaysia, Nov. 18, 2025 /PRNewswire/ — ArmourZero, a cybersecurity company delivering automated vulnerability management powered by AI-driven remediation suggestions, announced today that it has received a strategic angel investment from YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri. The investment will support ArmourZero’s expansion across ASEAN, North Asia, and West Asia (the Middle East), opening new doors for enterprises and building stronger trust with regional clients.

ArmourZero CEO and Co-Founder Tho Kit Hoong together with YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri, marking ArmourZero’s new strategic investment.
ArmourZero CEO and Co-Founder Tho Kit Hoong together with YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri, marking ArmourZero’s new strategic investment.

“Often we are mistaken as a reseller that resells other solutions or a service-oriented company instead of a deep-tech cybersecurity product company. Cybersecurity threats are evolving faster than ever, and organisations need intelligent, automated solutions to respond in real time. This partnership accelerates ArmourZero’s ability to reach key markets and build strategic relationships, ensuring our AI-driven solutions can deliver tangible impact where it matters most in particular when it comes to application security,” said Tho Kit Hoong, Co-founder & CEO of ArmourZero.

YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri, who chairs the Malaysia-Saudi Arabia Business Council (MSBC), commented: “ArmourZero is addressing a critical gap in cybersecurity with a strong AI-driven approach to safeguard all business applications. Our investment reflects confidence in their technology and its potential to set new standards in automated application security for the region.”

AI and the Rising Urgency in Cybersecurity

Artificial intelligence has accelerated innovation in software development, with 84% of developers now using AI-generated code (often referred to as “vibe coding“) to build faster while increasing exposure to potential vulnerabilities.

A 2025 study by Schreiber & Tippe analysing 7,703 AI-generated code files found over 4,200 distinct vulnerabilities across 77 weakness types, with Python-based code showing vulnerability rates up to 18%. As AI becomes embedded in modern development workflows, the risk of introducing exploitable flaws into production systems continues to grow.

At the same time, IBM’s 2025 Cost of a Data Breach Report found that organisations using AI and automation in their security operations reduced average breach costs by up to USD 1.9 million compared to those without such technologies, underscoring the value of proactive, technology-driven security.

These findings highlight why AI and automation security are essential for modern software development. By applying AI to guide remediation and verify potential vulnerabilities, ArmourZero enables businesses to strengthen application security with greater speed and confidence.

Continuous Innovation

ArmourZero continues to advance its technology roadmap to address emerging enterprise risks. As part of its commitment to strengthening organisational resilience, the company will launch its API Security solution this month, addressing one of the most critical blind spots by empowering software developers and cybersecurity teams to automatically discover and remediate API related vulnerabilities early and prevent costly breaches before they impact operations.

About ArmourZero

ArmourZero’s Automated Vulnerability Management (AVM) platform provides real-time vulnerability discovery across applications, web domains, and cloud infrastructures. The platform provides AI to accelerate remediation through intelligent suggestions and advanced false-positive detection. This enables the software developer teams, risk teams, and cybersecurity teams to collaborate closely, focus on genuine threats and resolve them more efficiently. ArmourZero is a recognised licensed provider by Malaysia National Cyber Security Agency (NACSA), MySTI-certified by the Ministry of Science, Technology and Innovation (MOSTI) and a Strategic Partner of CyberSecurity Malaysia, reinforcing our commitment to global cybersecurity innovation and compliance standards.

About YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri

YTM Colonel(H) Tunku Syed Razman Ibni Tunku Syed Idrus Al Qadri is an accomplished business leader and chair of the Malaysia-Saudi Arabia Business Council (MSBC). He has extensive experience in strategic advisory and fostering cross-border partnerships in Asia and the Middle East.

Iinnofashion Accelerates Global Expansion with K-Beauty Brand ‘IINNO PURE COSME’

SEOUL, South Korea, Nov. 18, 2025 /PRNewswire/ — Iinnofashion, a company that provides overseas distribution consulting for K-beauty brands, has launched its own private brand (PB) ‘IINNO PURE COSME’, accelerating its efforts to penetrate global markets with a focus on Japan, as well as Russia, China, and Southeast Asia.

As a cosmetics manufacturer, Iinnofashion is expanding its global network by engaging not only in OEM and ODM production but also in overseas distribution consulting for K-cosmetic brands. In particular, its in-house brand ‘IINNO PURE COSME’ is currently in discussions for a collaboration with the Japanese brand ANAP, aiming to introduce its cosmetic products within ANAP’s accessory segment. The brand also strengthened its position as a leading K-beauty label after being featured on LEOMAX, Russia’s largest home shopping channel, where it received positive feedback from local consumers.

A representative from Iinnofashion stated, “Entering overseas markets is not just about exporting products—it requires customized strategies that align with local cultures and trends. Leveraging our OEM and ODM expertise, distribution consulting experience, and our flagship brand ‘IINNO PURE COSME,’ we aim to further enhance the global presence and reputation of K-beauty.”

Gorilla Technology Reports Record Revenue in Q3; Issues 2026 Guidance


– Q3 revenue up 32% year on year delivering the strongest quarter in its history –
– Bottom line at breakeven versus a $7.8 million loss in Q3 2024
– Total cash $121.4 million including $110.2 million unrestricted at end of Q3
– $1.4 billion AI data centre mandate secured and an advanced AI and GPU infrastructure pipeline now above $7 billion with build already under way for phased implementation from early 2026 –

London, United Kingdom–(Newsfile Corp. – November 17, 2025) – 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 reported its financial results for the three months ended September 30, 2025, reiterated the Company’s guidance for fiscal 2025 and provided guidance for full year 2026.

Key highlights include:

Record revenue growth: Revenue for the quarter ended September 30, 2025, was $26.5 million, compared with $20.1 million for the same period in 2024, an increase of approximately 32%. The increase was due primarily to the Company’s execution on AI infrastructure, public safety and enterprise projects across Asia, the Middle East, Europe and the Americas.

Strong project execution: The Company delivered an operating income of approximately $0.4 million for the third quarter of 2025, compared to an operating loss of $6.0 million for the same period in 2024. This swing of more than $6.4 million was due primarily due to disciplined operating expenses across people, professional services, and overheads, and stronger contracting and vendor alignment that improved efficiency. This performance validates Gorilla’s focus on core operations and improved efficiency as it expands its presence in large-scale AI data centre and GPU infrastructure programmes.

Continued focus on profitability: EBITDA for the quarter ended September 30, 2025, was $0.8 million, compared to an EBITDA loss of $5.6 million for the quarter ended September 30, 2024, while net loss was close to breakeven at $0.03 million for the quarter ended September 30, 2025, compared to a loss of $7.8 million for the quarter ended September 30, 2024. Adjusted EBITDA for the quarter ended September 30, 2025, was $6.8 million, up 21% from $5.6 million for the quarter ended September 30, 2024. Adjusted Net Income increased 72% year on year to $6.0 million for the quarter ended September 30, 2025, from $3.5 million for the quarter ended September 30, 2024.

Maximizing working capital flexibility: As of September 30, 2025, total debt was $15.1 million, a decrease of 30% from $21.4 million at the end of 2024. As of the end of the third quarter of 2025, Gorilla’s unrestricted cash position increased to $110.2 million from $21.7 million as of December 31, 2024, an increase of ~ 408%, and $10.1 million as of June 30, 2025, an increase of ~ 990%. Gorilla continues to manage its working capital debt ensuring flexibility to fund existing contracts and convert its client pipeline without balance sheet strain.

Earnings per share inflection: Basic and diluted EPS were approximately breakeven for the quarter ended September 30, 2025, while adjusted basic EPS was $0.26 and adjusted diluted EPS was $0.24 for the same period.

Statement from Jay Chandan, Chairman and CEO:

“The third quarter marks a turning point where Gorilla became a recognized leader in AI infrastructure. Our contracted projects, strong balance sheet and clear line of sight to scale differentiate us from peers that have yet to deliver beyond the promise of AI. We are optimistic about our revenue growth in the coming years, driven by secured mandates, including our recently announced $1.4 billion AI data centre contract in Southeast Asia, as well as ongoing deployments and a robust pipeline.”

“We have built a platform that designs, builds and operates sovereign-grade AI infrastructure alongside governments, telecommunications providers, and leading institutions. From here, our priorities are clear; convert our pipeline, grow high quality recurring revenue, maintain our cost discipline and deliver consistently strong quarters to drive a complete re-rating of Gorilla in the eyes of global investors.”

Update on Key Projects:

In Southeast Asia, Gorilla is now executing its 5G and AI infrastructure projects across the region, with deployment activity accelerating through the last quarter. In MENA, Gorilla’s projects are entering the final execution phase. With strong collections and solid delivery momentum across both regions, these programmes highlight Gorilla’s ability to execute large-scale national infrastructure with precision and reliability.

Financial Outlook:

2026 Guidance

For full year 2026, Gorilla currently expects revenue in the range of $137 million to $200 million. This estimate is underpinned by the expected completion initial phase of the $1.4 billion Southeast Asia AI data centre project in the first quarter of next year, which is expected to contribute $100 million of revenue per year from 2026 to 2028. This guidance is further supported by two major Asian law enforcement contracts that Gorilla announced in September 2025. The Company has already begun working on both and expects these projects to contribute meaningfully to full year 2026 financial results.

The Company is only able to provide guidance based on its contractual backlog, which is the revenue it expects to recognize from signed contracts, based on currently scheduled delivery timelines and specified contractual milestones. Where project mandates have been awarded but timelines and parameters are still in discussion with our customers, it is not currently possible to forecast the periods in which anticipated revenue would be recognized. Therefore, investors are advised that the current guidance does not include contracted but presently unfinalized projects (such as the remaining phases of the Southeast Asia AI data centre project) and also does not reflect any additional projects that the Company is seeking to secure.

The Company’s pipeline currently stands in excess of $7 billion, which has increased largely due to advanced stage AI and GPU infrastructure opportunities in key markets.

2025 Guidance

The Company’s full year 2025 guidance remains unchanged: revenue is expected to be in the range of $100 million to $110 million; Adjusted EBITDA is expected to be in the range of $20 million to $25 million; Adjusted net profit, excluding extraordinary items, is expected in the range of $15 million to $20 million; and the Company expects positive operating cash flow.

Statement from Bruce Bower, CFO:

“With our capital structure now a strength, not a constraint, we are operating from a position of exceptional financial flexibility. Reducing debt to $15.1 million, lifting total cash to $121.4 million, and beginning to fund major AI data centre projects has transformed our balance sheet into a source of funding for growth. This financial capacity underpins our ability to execute existing mandates and accelerate our multi-billion-dollar pipeline with both discipline and agility.”

“We look forward to finishing 2025 by continuing to strengthen our financial position. Apart from executing on our key projects, certain stages of projects expected to be completed and invoiced in the fourth quarter are among the higher margin portions of these projects, which we expect to further enhance our cash position.”

Financial Statements:

In addition to the financial information presented below, investors are advised to review additional financial statements included on the Company’s Form 6-K that will be filed with the Securities and Exchange Commission shortly following this press release.

Financials

Gorilla Technology Group Inc. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited and Unreviewed)
(Expressed in United States dollars)

Three Months Ended September 30,
Items 2025 2024
Revenue $ 26,477,414 $ 20,054,910
Cost of revenue (16,600,038 ) (10,554,370 )
Gross profit 9,877,376 9,500,540
Operating expenses:
Selling and marketing expenses (380,499 ) (187,831 )
General and administrative expenses (5,200,776 ) (3,100,515 )
Research and development expenses (825,157 ) (393,631 )
Currency exchange losses, net* (3,440,409 ) (1,606,825 )
Fair value remeasurement of financial instruments, net 196,158 (10,199,470 )
Other gains (losses), net 198,072 (19,033 )
Total operating expenses (9,452,611 ) (15,507,305 )
Operating income (loss) 424,765 (6,006,765 )
Non-operating income (expenses)
Interest income 1,123,149 450,365
Finance costs (135,251 ) (149,827 )
Non-operating income (expenses) 987,898 300,538
Profit (loss) before income tax 1,412,663 (5,706,227 )
Income tax expense (1,440,912 ) (2,075,261 )
Loss for the period (28,249 ) (7,781,488 )
Other comprehensive income (loss)
Components of other comprehensive income (loss) that may not be reclassified to profit or loss
Remeasurement of defined benefit plans (46,914 )
Components of other comprehensive income (loss) that may be reclassified to profit or loss
Exchange differences on translation of foreign operations (1,526,344 ) 1,344,223
Other comprehensive income (loss) for the period, net of tax (1,526,344 ) 1,297,309
Total comprehensive loss for the period (1,554,593 ) (6,484,179 )
Loss per share
Basic $ (0.00 ) $ (0.66 )
Diluted $ (0.00 ) $ (0.66 )
Weighted average ordinary shares used in computing loss per share
Basic 23,196,502 11,807,426
Diluted 23,196,502 11,807,426

*Currency exchange losses, net primarily include amounts of $5,387,001 and $955,419 during the three months ended September 30, 2025 and 2024, respectively, due to depreciation of the Egyptian pound against the U.S. dollar.

Reconciliation of non-IFRS Financial Measures to IFRS Measures

In addition to its reported results in accordance with International Financial Reporting Standards (IFRS) followed by the Company, it has included in this release certain financial measures that are considered non-IFRS financial measures, including the following:
(i) Earnings before interest, taxes, depreciation, and amortization (EBITDA);
(ii) Adjusted EBITDA; and
(iii) Adjusted net income and adjusted earnings per share.

Reconciliation of Operating Income (Loss) to EBITDA and Adjusted EBITDA

Three Months Ended September 30,
2025 2024
Items (Unaudited and Unreviewed)
(Amount in USD)
Operating income (loss) (IFRS) $ 424,765 $ (6,006,765 )
Add: Depreciation expenses 221,232 145,675
Add: Amortization expenses 142,276 222,884
EBITDA (non-IFRS) $ 788,273 $ (5,638,206 )
Add: Exchange loss from currency devaluation 5,387,001 955,419
Add (less): Fair value remeasurement of financial instruments, net (196,158 ) 10,199,470
Add: Stock-based compensation expenses 787,878 85,074
Adjusted EBITDA (non-IFRS) $ 6,766,994 $ 5,601,757

Reconciliation of Net Loss and Loss per Share to Adjusted Net Income and Adjusted Earnings per Share

Three Months Ended September 30,
2025 2024
Items (Unaudited and Unreviewed)
(Amount in USD)
Amount EPS Impact per share Amount EPS Impact per share
Net loss (IFRS) $ (28,249 ) $ (0.00 ) $ (7,781,488 ) $ (0.66 )
Add: Exchange loss from currency devaluation 5,387,001 0.23 955,419 0.08
Add (less): Fair value remeasurement of financial instruments (196,158 ) (0.01 ) 10,199,470 0.86
Add: Stock-based compensation expenses 787,878 0.04 85,074 0.01
Less: Tax effects of stock-based compensation expenses (107 ) (0.00 )
Adjusted Net income (non-IFRS) $ 5,950,472 $ 0.26 $ 3,458,368 $ 0.29
Adjusted diluted earnings per share (non-IFRS) $ 0.24 $ 0.29

About Gorilla Technology Group Inc.

Headquartered in London, United Kingdom, 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 convert our pipeline, our ability to and the circumstances under which we would reduce our debt, our ability to attract the attention of customers and investors alike, our expansion into southeast Asia, Gorilla’s largest projects and 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 filed 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 materialize, 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.

Public Relations Contact
Samantha Dowd
Prosek Partners
GRRR@prosek.com

Investor Relations Contact
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.

About Gorilla Technology Group Inc.

ROYAL MINT ROCKS THE NATION WITH FREDDIE MERCURY COLLECTIBLE COIN

LLANTRISANT, Wales, Nov. 18, 2025 /PRNewswire/ — Rock and roll history is set to be immortalised as The Royal Mint unveils a UK coin to celebrate one of the greatest showmen of all time, Freddie Mercury – an extraordinary tribute to the rock icon whose voice and showmanship defined generations.

ROYAL MINT ROCKS THE NATION WITH FREDDIE MERCURY COLLECTIBLE COIN
ROYAL MINT ROCKS THE NATION WITH FREDDIE MERCURY COLLECTIBLE COIN

The collectible coin captures Mercury mid-performance at the height of his powers, showcasing the flamboyant frontman in full flow with his signature inscribed alongside his portrait. The design’s intricate details tell the story of Mercury’s extraordinary talent through carefully crafted design elements.

Freddie’s legendary four-octave vocal range is represented by a musical stave that runs around the edge of the coin, spanning from bass to treble notes. The studded armband edge design draws inspiration from his iconic Live Aid performance outfit, a fitting tribute to what many consider the greatest rock performance of all time. A selection of the coins will also feature colour, bringing Freddie’s iconic yellow jacket to life on the coin design and capturing the vibrant energy that made him such a magnetic stage presence.

This celebration comes at a particularly poignant time, commemorating the 40th anniversary of Queen’s show-stealing performance at Live Aid in July 1985 and also the 40th anniversary of Freddie’s first solo studio album, “Mr. Bad Guy”, released the same year, reminding fans of his versatility as both a Queen member and solo artist who pushed creative boundaries throughout his career.

In a special moment that brought the coin’s creation full circle, Freddie Mercury’s sister, Kashmira Bulsara, visited The Royal Mint to strike the very first coin herself, making her an integral part of this historic tribute to her brother’s legacy.

Rebecca Morgan, Director of Commemorative Coin at The Royal Mint, said: “Having Kashmira visit us to strike the first Freddie Mercury coin was incredibly moving and made this project even more special. Freddie Mercury wasn’t just a musician; he was a force of nature who transformed every stage he stepped onto. This coin captures that electric energy and celebrates a truly global icon whose influence continues to inspire generations. The level of detail in this design, from his signature to the musical stave representing his incredible vocal range, makes this one of our most special commemorative pieces.”

Kashmira Bulsara, Freddie Mercury’s sister, commented: “Striking the first coin at The Royal Mint was such an emotional and proud moment for me. Freddie would have been absolutely delighted to see himself honoured in this way and to know that his family was part of bringing this tribute to life.”

Kashmira added, “He always had such respect for British traditions and institutions, and to have The Royal Mint celebrate his legacy with such beautiful artistry would have meant the world to him. The coin perfectly captures his passion and the joy he brought to millions through his music.”

The Freddie Mercury collectible coin continues The Royal Mint’s tradition of celebrating British cultural icons who have left an indelible mark on the world stage. From his early days with Queen through to his final performances, Mercury’s legacy as one of Britain’s greatest entertainers is now preserved forever on an official UK coin.

In a fitting tribute to Mercury’s philanthropic legacy, The Royal Mint will also gift a special gold proof version of the coin to the Mercury Phoenix Trust, the AIDS charity founded in his memory. The charity will auction this unique piece in the coming months, continuing Mercury’s mission to support those affected by HIV and AIDS.

Freddie Mercury is the latest music artist to form part of The Royal Mint’s ongoing ‘Music Legends’ coin series, celebrating the greatest singer and songwriters in British history. Mercury follows the likes of David Bowie, George Michael, Shirley Bassey and Paul McCartney in being honoured on their very own UK coin. The Music Legends coin series has proved hugely popular with collectors and music fans, delivering nearly half a million coins to enthusiasts in 108 countries around the world.

The collection is available from 9am on 18 November with prices starting from £18.50. For more information and to purchase from The Royal Mint visit the following website. A selection of the coins will also be available to buy from the Freddie Mercury store via the following link.

 

 

 

Genesis MedTech and National University Health System Forge Strategic Partnership to Advance AI Innovation for Safer, Smarter Surgical Care

SINGAPORE, Nov. 18, 2025 /PRNewswire/ — Genesis MedTech Group and the National University Health System (NUHS) have formed a strategic partnership to advance artificial intelligence (AI) in surgery and medical device innovation. This partnership stems from a Memorandum of Understanding signed earlier this year, with further details unveiled at the World Congress of Endoscopic Surgery (WCES).

As surgical challenges evolve, AI-driven technologies are enabling surgeons with data-driven insights to deliver safer, personalised and better outcomes for patients. At the same time, these innovations support hospitals in providing more cost-effective care.

Under this two-phase, four-year program, the Genesis MedTech–NUHS AI Innovation Partnership adopts a design-led approach to translate unmet needs into clinically meaningful solutions. This partnership will include co-innovating AI projects in surgery, engaging NUHS clinicians to enable stronger alignment between product development and real-word clinical needs and establishing the “Genesis-NUHS AI Innovation and Surgical Training Lab”.

“Innovation in healthcare happens where clinicians and engineers meet,” said Warren Wang, Chairman & CEO, Genesis MedTech. “Our partnership with NUHS represents our commitment to advancing AI-powered surgical innovation — built around real clinical challenges, developed hand-in-hand with hospitals.”

Adjunct Professor Ngiam Kee Yuan, Head of AI Office, NUHS, said, “By combining NUHS’s clinical and academic excellence with Genesis MedTech’s global innovation platform, we aim to accelerate AI adoption to improve surgical care for patients in Singapore and internationally.” Adjunct Professor Ngiam is also a Senior Consultant and Head of the Division of General Surgery (Endocrine & Thyroid Surgery), Department of Surgery, National University Hospital.

The Genesis–NUHS AI Innovation Partnership represents a long-term commitment to advancing healthcare through AI and close clinician-industry collaboration, making surgery safer, smarter and more accessible to patients worldwide.

About Genesis MedTech Group
Genesis MedTech Group is a global medical device company headquartered in Singapore, dedicated to Making Better Healthcare Happen. We design and develop innovations that make treatments safer, less invasive and more accessible at scale, supporting healthcare providers in achieving improved patient outcomes and ensuring more patients benefit from medical advances. With integrated capabilities from R&D and manufacturing to commercialisation, Genesis MedTech builds on a strong foundation of quality, training and education – delivering high-quality medical devices across surgical, cardiology, and vascular interventional specialties.

Learn more at https://www.genesismedtech.com and follow us on LinkedIn

About the National University Health System (NUHS)

The National University Health System (NUHS) aims to transform how illness is prevented and managed by discovering causes of disease, development of more effective treatments through collaborative multidisciplinary research and clinical trials, and creation of better technologies and care delivery systems in partnership with others who share the same values and vision.

Institutions in the NUHS Group include the National University Hospital, Ng Teng Fong General Hospital, Jurong Community Hospital, Alexandra Hospital and the upcoming Tengah General and Community Hospital; three National Specialty Centres – National University Cancer Institute, Singapore (NCIS), National University Heart Centre, Singapore (NUHCS) and National University Centre for Oral Health, Singapore (NUCOHS); the National University Polyclinics (NUP); Jurong Medical Centre; and three NUS health sciences schools – NUS Yong Loo Lin School of Medicine (including the Alice Lee Centre for Nursing Studies), NUS Faculty of Dentistry and NUS Saw Swee Hock School of Public Health.

With member institutions under a common governance structure, NUHS creates synergies for the advancement of health by integrating patient care, health science education and biomedical research. As a Regional Health System, NUHS works closely with health and social care partners across Singapore to develop and implement programmes that contribute to a healthy and engaged population in the Western part of Singapore. For more information, please visit www.nuhs.edu.sg.