1、 1 GDS Reports Second Quarter 2025 Results 2 GDS Holdings Limited Reports Second Quarter 2025 Results Shanghai,China,August 20,2025 GDS Holdings Limited(“GDS Holdings”,“GDS”or the“Company”)(NASDAQ:GDS;HKEX:9698),a leading developer and operator of high-performance data centers in China,today announc

2、ed its unaudited financial results for the second quarter ended June 30,2025.Second Quarter 2025 Financial Highlights Net revenue increased by 12.4%year-over-year(“Y-o-Y”)to RMB2,900.3 million(US$404.9 million)in the second quarter of 2025(2Q2024:RMB2,579.6 million).Net loss was RMB70.6 million(US$9

3、.9 million)in the second quarter of 2025(2Q2024:RMB231.8 million).Net loss margin was 2.4%in the second quarter of 2025(2Q2024:9.0%).Adjusted EBITDA(non-GAAP)increased by 11.2%Y-o-Y to RMB1,371.8 million(US$191.5 million)in the second quarter of 2025(2Q2024:RMB1,233.2 million).See“Non-GAAP Disclosur

4、e”and“Reconciliations of GAAP and non-GAAP results”elsewhere in this earnings release.Adjusted EBITDA margin(non-GAAP)was 47.3%in the second quarter of 2025(2Q2024:47.8%).Second Quarter 2025 Operating Highlights Total area committed and pre-committed increased by 8.1%Y-o-Y to 663,959 sqm as of June

5、30,2025(June 30,2024:614,094 sqm).Area utilized increased by 14.1%Y-o-Y to 479,186 sqm as of June 30,2025(June 30,2024:419,976 sqm).Area in service increased by 6.5%Y-o-Y to 618,060 sqm as of June 30,2025(June 30,2024:580,165 sqm)Utilization rate(area utilized divided by area in service)was 77.5%as

6、of June 30,2025(June 30,2024:72.4%).“Our disciplined execution drove another quarter of solid operational and financial performance,”stated Mr.William Huang,Chairman and CEO of GDS.“We continued to 3 accelerate the delivery of our backlog while maintaining a selective approach to new orders.The succ