GDS Holdings Ltd announced on the Hong Kong Stock Exchange that its net revenue for the second quarter of 2025 reached RMB 2.9 billion, representing a year-over-year increase of 12.4%. The company reported a net loss of RMB 70.6 million, significantly narrowed from RMB 232 million in the same period last year. Adjusted EBITDA totaled RMB 1.372 billion, marking an 11.2% year-over-year growth.