Globenewswire·2025-08-20 11:00Core Viewpoint - GDS Holdings Limited reported solid operational and financial performance in Q2 2025, with significant revenue growth and strategic milestones achieved, including the successful IPO of its C-REIT on the Shanghai Stock Exchange, positioning the company to capitalize on new business opportunities in Tier 1 markets driven by AI evolution [3][30]. Financial Highlights - Net revenue for Q2 2025 was RMB 2,900.3 million (US$ 404.9 million), representing a 12.4% increase year-over-year from RMB 2,579.6 million [4][12]. - Adjusted EBITDA grew by 11.2% year-over-year to RMB 1,371.8 million (US$ 191.5 million), with an adjusted EBITDA margin of 47.3% [12][19]. - Gross profit increased by 21.8% year-over-year to RMB 688.9 million (US$ 96.2 million), with a gross profit margin of 23.8% [5][6]. Operational Highlights - Total area committed and pre-committed increased by 8.1% year-over-year to 663,959 sqm as of June 30, 2025 [12][23]. - Area utilized rose by 14.1% year-over-year to 479,186 sqm, with a utilization rate of 77.5% [12][29]. - The area in service increased by 6.5% year-over-year to 618,060 sqm [12][24]. C-REIT IPO and Financial Flexibility - The C-REIT IPO raised gross proceeds of RMB 2,400 million, with GDS holding a 20% stake in the C-REIT [31][32]. - The C-REIT transaction is expected to enhance the company's financing flexibility and support its growth strategy [3][30]. Business Outlook - GDS confirmed its revenue guidance for 2025 remains unchanged at RMB 11,290 – RMB 11,590 million and adjusted EBITDA guidance of RMB 5,190 – RMB 5,390 million [35]. - The company revised its capital expenditure guidance for 2025 down to approximately RMB 2,700 million, reflecting adjustments due to the C-REIT transaction [36].