GDS Holdings Reports Q2 Earnings, Revenue Up 11.5% Y-o-Y

Wednesday, Aug 20, 2025 6:57 pm ET1min read

GDS Holdings reported Q2 EPS of RMB 0.46, a significant improvement from RMB 1.30 last year. Revenue increased to RMB 2.9B, up from RMB 2.6B last year. Total area committed and pre-committed rose by 8.1% YoY to 663,959 sqm. Chairman and CEO William Huang attributed the success to disciplined execution and a selective approach to new orders. The company is well-positioned to capture new business opportunities in Tier 1 markets, driven by AI evolution.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) announced its second-quarter 2025 financial results, showcasing a significant improvement in earnings per share (EPS) and revenue growth. The company reported a Q2 EPS of RMB 0.46, a substantial improvement from the previous year's RMB 1.30. Revenue increased to RMB 2.9 billion, up from RMB 2.6 billion in the same period last year.

The company's total area committed and pre-committed rose by 8.1% year-over-year (YoY) to 663,959 square meters. Chairman and CEO William Huang attributed the success to disciplined execution and a selective approach to new orders. He noted that the company is well-positioned to capture new business opportunities in Tier 1 markets, driven by the evolution of AI.

GDS Holdings' adjusted EBITDA (non-GAAP) increased by 11.2% YoY to RMB 1.37 billion (US$191.5 million), while the adjusted EBITDA margin remained at 47.3%. The company's net loss decreased to RMB 70.6 million (US$9.9 million) from RMB 231.8 million in the same period last year, primarily due to the faster ramp-up of its data centers.

During the second quarter of 2025, GDS Holdings raised net proceeds of approximately US$676 million through the issuance of new convertible senior notes and equity. The company's new C-REIT platform provides enhanced financing flexibility. The company's liquidity position remains strong, with cash and cash equivalents of RMB 13.1 billion (US$1.8 billion) as of June 30, 2025.

References:
[1] https://investors.gds-services.com/news-releases/news-release-details/gds-reports-second-quarter-2025-results

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