Description of Gorilla Technology Group Inc's Business Segments

The registrant operates through two reportable segments: Security Convergence and Video IoT. For the year ended December 31, 2025, Security Convergence generated $97.841 million in revenue, accounting for 96.5% of total revenue, reflecting a 36.1% increase from 2024. This growth was primarily driven by the Egypt Contract initiated in 2023 and expansion from new clients. Video IoT generated $3.520 million in revenue, representing 3.5% of total revenue, with a 26.7% increase attributed to expansion from new clients. Cost of revenues for Security Convergence was $65.273 million, or 66.7% of its revenue, an 83.4% increase due to higher costs related to the Egypt contract and new clients. Video IoT's cost of revenues was $2.212 million, or 62.8% of its revenue, increasing 24.1% due to higher costs from new clients. Gross margin for Security Convergence was $32.568 million, or 33.3% of revenue, a 10.3% decrease primarily due to lower margins on the Egypt contract, partially offset by higher margins from new clients. Video IoT's gross margin was $1.308 million, or 37.2% of revenue, increasing 31.5% due to higher revenues from new clients and operational efficiencies.

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Annual Report on Gorilla Technology Group Inc Divisions, Sales by Country


Video IoT Service revenue	3.47 %	of total Revenue
Security convergence Service revenue	96.53 %	of total Revenue
Goods or services transferred over time	100 %	of total Revenue
segments	100 %	of total Revenue
Elimination of interamounts	-63.85 %	of total Revenue
Hardware segments	59.25 %	of total Revenue
Hardware Elimination of interamounts	-59.25 %	of total Revenue
Service revenue	0.25 %	of total Revenue
Service revenue Goods or services transferred over time	100 %	of total Revenue
Service revenue segments	104.6 %	of total Revenue
Service revenue Elimination of interamounts	-4.6 %	of total Revenue
Security convergence	160.38 %	of total Revenue
Security convergence segments	96.53 %	of total Revenue
Security convergence Elimination of interamounts	63.85 %	of total Revenue
Video IoT	3.47 %	of total Revenue
Video IoT segments	3.47 %	of total Revenue
All other segments	-1.27 %	of total Revenue
TAIWAN	99.88 %	of total Revenue
UNITED KINGDOM	0.12 %	of total Revenue
Customer D EGYPT Security convergence	76.49 %	of total Revenue

Twelve months ended 2025
GRRRW s Annual Revenue by Geography and Business Segments	Sales (in millions $)	% (of total Sales)
Video IoT Service revenue	3.52	3.47 %
Security convergence Service revenue	97.84	96.53 %
Goods or services transferred over time	101.36	100 %
segments	101.36	100 %
Elimination of interamounts	-64.72	-63.85 %
Hardware segments	60.06	59.25 %
Hardware Elimination of interamounts	-60.06	-59.25 %
Service revenue	0.25	0.25 %
Service revenue Goods or services transferred over time	101.36	100 %
Service revenue segments	106.02	104.6 %
Service revenue Elimination of interamounts	-4.66	-4.6 %
Security convergence	162.56	160.38 %
Security convergence segments	97.84	96.53 %
Security convergence Elimination of interamounts	64.72	63.85 %
Video IoT	3.52	3.47 %
Video IoT segments	3.52	3.47 %
All other segments	-1.29	-1.27 %
TAIWAN	101.24	99.88 %
UNITED KINGDOM	0.12	0.12 %
Customer D EGYPT Security convergence	77.53	76.49 %
Total	101.36	100 %

Twelve months ended 2025
GRRRW s Annual Income by Country and Business Segments	Income (in millions $)	% (Profit Margin)
Total	-11.28	-

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments	% Y/Y Sales Growth	% Y/Y Income Growth
Video IoT Service revenue	27.41 %	-
Security convergence Service revenue	36.09 %	-
Goods or services transferred over time	35.77 %	-
segments	35.74 %	-
Elimination of interamounts	-	-
Hardware segments	3118234.16 %	-
Hardware Elimination of interamounts	-	-
Service revenue	363.17 %	-
Service revenue Goods or services transferred over time	35.77 %	-
Service revenue segments	1.49 %	-
Service revenue Elimination of interamounts	-	-
Security convergence	59.84 %	-
Security convergence segments	36.09 %	-
Security convergence Elimination of interamounts	117.13 %	-
Video IoT	26.62 %	-
Video IoT segments	26.71 %	-
All other segments	-	-
TAIWAN	35.65 %	-
UNITED KINGDOM	184.82 %	-
Customer D EGYPT Security convergence	31.19 %	-
Video IoT Software sales	-	-
Goods or services transferred at point in time	-	-
Software	-	-
Software Goods or services transferred at point in time	-	-
Software segments	-	-
Unallocated amounts	-	-
Video IoT Elimination of interamounts	-	-
Customer C TAIWAN Security convergence	-	-

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