Gorilla Technology Group SPAC Presentation Deck

Cash Positive by 2024 GP & EBITDA $200,000,000 $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 50 2021 2022 EBITDA EBITDA Evolution 2023 2024 Adjusted EBITDA Note: GP & EBITDA, reported in USD Adjusted EBITDA adds back one time expenses related to the merger transaction Source - Management Estimates 2025 EBITDA % 2026 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 S0 2021 Gross Profit Evolution 2022 2023 Gross Profit (lhs) 2024 2025 ا Gross Margin (rhs) 2026 100.00% 90.00% 80.00% 70.00% 60.00% 50.00% 40.00% 30.00%

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