← Gorilla Technology Group Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income — — ($87.5m) $13.5m ($64.8m) ($11.3m)
Net Income From Continuing Operations — — ($87.1m) $17.0m ($66.1m) ($10.9m)
Depreciation — $34k $40k $523k $574k $753k
Depreciation expenses $5.3m $6.4m $5.9m $523k $574k $753k
Amortization expenses $2.9m $2.4m $1.7m $726k $821k $560k
Amortization Cash Flow — — $1.7m $726k $821k $560k
Amortization Of Intangibles — — $1.7m $726k $821k $560k
Depreciation Amortization Depletion — — $7.6m $1.2m $1.4m $1.3m
Adjustments For Deferred Tax Of Prior Periods — — — — ($2.1m) —
Share-based Payment Arrangement, Noncash Expense — $376k $346k — — —
Adjustments For Share-Based Payments — $376k $346k $696k $750k —
Share-based payment expenses — — — $696k $750k $271k
Share-based compensation expenses — — $346k $204k $202k $4.8m
Asset Impairment Charge — $0 $0 — — —
Financing Interest Expense — $97k $247k — — —
Interest expense $461k $666k $835k $818k $733k $544k
Additional Financial Items
Adjustments For Current Tax Of Prior Period — — ($2k) — — —
Adjustments For Decrease Increase In Trade Account Receivable — ($1.6m) $3.6m $962k $25.5m —
Adjustments For Increase Decrease In Trade Account Payable — $1.4m ($1.4m) $4.6m $15.0m —
General And Administrative Expense — $3.4m $9.2m $16.6m $12.4m —
Interest Received Classified As Operating Activities — — — — $1.5m —
Payments Of Lease Liabilities Classified As Financing Activities — — — — $176k —
Proceeds From Borrowings Classified As Financing Activities — $6.1m $3.4m $1.6m — —
Proceeds From Issuing Shares — — $32.3m — — —
Purchase Of Intangible Assets Classified As Investing Activities — $899k $73k $3.5m $913k —
Profit (loss) before tax ($6.0m) ($8.8m) ($87.1m) $17.0m ($66.1m) ($10.9m)
Expected credit losses — $404k — $12.2m $897k $863k
Interest income ($159k) ($38k) ($236k) ($770k) ($1.6m) ($3.3m)
Unrealized foreign currency exchange losses, net — — — $0 $22.4m $20.2m
Write-back of accounts and other payables $31k $1.2m $9k ($645k) ($344k) ($12k)
Fair value measurement of financial instruments, net — — — ($6.1m) $59.5m $1.0m
Expenses on investment in rent-a-captive company — — — $78k $46k $0
Loss on sale of equity shares held-for-trading — — — $0 $0 $265k
Contract assets ($972k) ($159k) $914k ($33.5m) ($68.3m) ($106.9m)
Accounts receivable, net ($5.1m) ($1.6m) $3.6m $962k $25.5m $30.9m
Inventories $69k ($62k) $84k $46k $18k $5k
Prepayments ($108k) $344k ($1.2m) ($6.0m) ($21.0m) $14.5m
Other receivables $159k $38k $236k $752k ($201k) ($4k)
Other assets — — $55k ($158) $420k ($995k)
Contract liabilities — $20k $38k $49k $166k $1.0m
Notes payable ($5.9m) ($36k) ($66) $0 ($564) $0
Accounts and other payables $3.1m $1.4m ($1.4m) $4.6m $15.0m $17.0m
Provisions $104k $837 ($109k) ($17k) ($73k) $147k
Other liabilities ($64k) $29k $23k ($63k) $417k ($53k)
Guarantee deposits liabilities — — — $0 $0 $124k
Cash flows used in operations — — — ($9.5m) ($30.1m) ($29.2m)
Interest received — — $236k $752k $1.5m $3.3m
Investment in financial assets at FVTPL — — — $0 ($589k) ($4.0m)
Disbursement of convertible loan — — — $0 $0 ($500k)
Acquisition of intangible assets ($1.4m) ($899k) ($73k) ($3.5m) ($913k) ($55k)
Proceeds from sale of shares held-for-trading — — — $0 $0 $3.9m
Acquisition of shares held-for-trading — — — $0 $0 ($4.2m)
Proceeds from restricted deposits — — — $0 $18.1m $20.4m
Investment in restricted deposits $5k ($72k) $368 ($285k) ($926k) ($9.5m)
(Increase) decrease in guarantee deposits — — — ($285k) ($926k) $0
Proceeds from short-term borrowings $3.5m $5.0m $12.5m $28.1m $10.3m $14.7m
Repayments of short-term borrowings ($901k) ($4.9m) ($4.9m) ($3.2m) ($7.7m) ($21.1m)
Proceeds from long-term borrowings $1.2m $6.1m $3.4m $1.6m $0 $0
Repayments of long-term borrowings — — ($4.9m) ($3.2m) ($1.8m) ($2.3m)
Principal payment of lease liabilities — — ($91k) ($16k) ($176k) ($263k)
Repayments of loan from shareholders — — — $0 ($3.0m) $0
Acquisition of treasury stock — — — $0 ($3.6m) ($3.5m)
Proceeds from exercise of stock options $112k $136k — $0 $0 $72k
Proceeds from exercise of warrants — — $714k $4.4m $13.1m $75.8m
Proceeds from issuance of preferred shares — — — $23.3m $9.7m $0
Proceeds from issuance of ordinary shares — — — $23.3m $11.3m $44.3m
Payment of share issuance costs — — ($292k) $0 $0 ($6.5m)
Exercise of restricted share units — — — $874k $0 $0
Beginning Cash Position — — $9.9m $23.0m $5.3m $21.7m
Cash Flow From Continuing Financing Activities — — $23.6m $29.7m $28.0m $101.2m
Cash Flow From Continuing Investing Activities — — ($1.9m) ($38.7m) $16.6m $5.5m
Change In Account Payable — — ($1.4m) $4.0m $14.6m $17.0m
Change In Inventory — — $84k $46k $18k $5k
Change In Other Current Assets — — ($471) ($163k) $439k ($995k)
Change In Other Current Liabilities — — $23k ($63k) $417k $71k
Change In Other Working Capital — — ($71k) $32k $93k $1.2m
Change In Payable — — ($1.4m) $4.0m $14.6m $17.0m
Change In Payables And Accrued Expense — — ($1.4m) $4.0m $14.6m $17.0m
Change In Prepaid Assets — — ($1.2m) ($6.0m) ($21.0m) $14.5m
Change In Receivables — — $3.9m ($32.4m) ($43.0m) ($76.0m)
Change In Working Capital — — $1.3m ($34.6m) ($48.4m) ($44.2m)
Changes In Account Receivables — — $3.6m $962k $25.5m $30.9m
Changes In Cash — — $12.9m ($18.4m) $15.0m $78.0m
End Cash Position — — $23.0m $5.3m $21.7m $99.5m
Financing Cash Flow — — $23.6m $29.7m $28.0m $101.2m
Free Cash Flow — — ($11.8m) ($13.2m) ($31.1m) ($29.3m)
Gain Loss On Investment Securities — — ($405k) ($6.0m) $59.6m $1.3m
Gain Loss On Sale Of Business — $0 $69k $0 $0 —
Gain Loss On Sale Of PPE — — $71k $94 ($656) $0
Interest Received CFO — — $236k $752k $1.5m $3.3m
Investing Cash Flow — — ($1.9m) ($38.7m) $16.6m $5.5m
Issuance Of Capital Stock — — $32.3m $23.3m $20.9m $44.3m
Net Foreign Currency Exchange Gain Loss — — $0 $0 $22.4m $20.2m
Net Intangibles Purchase And Sale — — ($73k) ($3.5m) ($913k) ($55k)
Net PPE Purchase And Sale — — ($2.9m) ($291k) ($541k) ($615k)
Net Preferred Stock Issuance — — $0 $23.3m $9.7m $0
Operating Gains Losses — — ($265k) ($6.0m) $82.0m $21.5m
Other Non Cash Items — — $69.8m ($216k) ($837k) ($2.7m)
Preferred Stock Issuance — — $0 $23.3m $9.7m $0
Proceeds From Stock Option Exercised — — $714k $5.2m $13.1m $75.8m
Provisionand Write Offof Assets — — $0 $12.2m $897k $863k
Purchase Of Intangibles — — ($73k) ($3.5m) ($913k) ($55k)
Purchase Of PPE — — ($2.9m) ($297k) ($543k) ($615k)
Repurchase Of Capital Stock — — $0 $0 ($3.6m) ($3.5m)
Sale Of PPE — — $0 $6k $2k $0
Stock Based Compensation — — $346k $899k $951k $5.0m
Profit or Loss — ($8.5m) ($87.5m) $13.5m ($64.8m) —
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities $6k $459 ($2.9m) $6k $2k $0
Capital Expenditure — — ($3.0m) ($3.8m) ($1.5m) ($670k)
Net Investment Purchase And Sale — — $1.1m ($34.6m) $17.5m $6.6m
Purchase Of Investment — — ($1.1m) ($34.6m) ($589k) ($17.7m)
Sale Of Investment — — $2.2m $0 $18.1m $24.4m
Net Other Investing Changes — — $368 ($285k) ($926k) ($500k)
Net cash flows from (used in) investing activities ($7.7m) ($9.9m) ($1.9m) ($38.7m) $16.6m $5.5m
Issuance Of Debt — — $15.9m $29.6m $10.3m $14.7m
Long Term Debt Issuance — — $3.4m $1.6m $0 $0
Net Issuance Payments Of Debt — — ($9.1m) $1.2m ($2.4m) ($8.9m)
Net Long Term Debt Issuance — — ($1.5m) ($1.6m) ($5.0m) ($2.6m)
Net Short Term Debt Issuance — — ($7.6m) $2.8m $2.5m ($6.3m)
Short Term Debt Issuance — — $12.5m $28.1m $10.3m $14.7m
Long Term Debt Payments — — ($5.0m) ($3.2m) ($5.0m) ($2.6m)
Repayment Of Debt — — ($25.1m) ($28.4m) ($12.7m) ($23.6m)
Short Term Debt Payments — — ($20.1m) ($25.2m) ($7.7m) ($21.1m)
Common Stock Issuance — — $32.3m $0 $11.3m $44.3m
Net Common Stock Issuance — — $32.3m $0 $7.7m $40.8m
Common Stock Payments — — $0 $0 ($3.6m) ($3.5m)
Dividends Paid Ordinary Shares Per Share — — $10.60 $115.00 $10.60 —
Dividend distribution from financial assets at FVTPL — — — $0 $1.5m $0
Dividends Received CFI — — $0 $0 $1.5m $0
Net Other Financing Charges — — ($292k) — — ($6.5m)
Net cash flows from financing activities $3.9m $6.0m $23.6m $29.7m $28.0m $101.2m
Effect of foreign exchange rate changes $325k $91k $144k $700k $1.4m ($158k)
Effect Of Exchange Rate Changes — — $144k $700k $1.4m ($158k)
Net increase (decrease) in cash and cash equivalents ($5.5m) ($2.2m) $13.1m ($17.7m) $16.4m $77.8m
Cash and cash equivalents at beginning of year $12.2m $9.9m $23.0m $5.3m $21.7m $99.5m
Change In Cash Supplemental As Reported — — $13.1m ($17.7m) $16.4m $77.8m
Interest Paid Classified As Operating Activities ($461k) ($656k) ($687k) ($669k) $958k ($577k)
Income Taxes Paid Refund Classified As Operating Activities — ($1k) ($2k) ($23k) $66k ($2.3m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.