IC Group Holdings Reports Q2 2025 Financials: Revenue Increases 47% YoY with Strong Enterprise Momentum

IC Group Holdings reported Q2 2025 revenue of $6.5 million, a 47% YoY increase, with annual recurring revenue accounting for 70% of total revenue. Gross profit rose 28% to $3 million, while adjusted EBITDA was $0.2 million. The company signed two agreements valued at up to $7.8 million and extended a contract with a leading tech customer until 2030.

GDS Holdings Ltd. (GDS) has reported robust financial performance for the second quarter of 2025, highlighting significant growth in revenue and adjusted EBITDA. The company's revenue grew by 12.4% year-on-year (YoY) to USD 1.2 billion, while adjusted EBITDA increased by 11.2% YoY to USD 580 million [1].

GDS successfully raised USD 676 million through convertible bonds and equity, bolstering its balance sheet. The company's utilization rate reached 77.5% in Q2 2025, with expectations to deliver 35% of its total current backlog in the second half of 2025. DayOne, a GDS equity investment, added 246 megawatts of new commitments, expanding its market presence in Finland [1].

However, the company faced challenges due to quiet AI demand in China, impacting new bookings. The adjusted EBITDA margin decreased slightly to 47.3% in Q2 2025 from 47.8% in Q2 2024. The net debt to LQA adjusted EBITDA ratio decreased from 6.6 times to 6.1 times by the end of Q2 2025 [1].

IC Group Holdings reported Q2 2025 revenue of $6.5 million, a 47% YoY increase, with annual recurring revenue accounting for 70% of total revenue. Gross profit rose 28% to $3 million, while adjusted EBITDA was $0.2 million. The company signed two agreements valued at up to $7.8 million and extended a contract with a leading tech customer until 2030 [2].

References:
[1] https://finance.yahoo.com/news/gds-holdings-ltd-gds-q2-070558115.html
[2] (Provided writing topic)