GDS Holdings Ltd. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Mar'26

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Net Sales

3,799.53

3,204.87

3,154.77

3,129.36

2,911.53

2,909.78

2,850.49

Other Operating Income

0.00

Total Operating income

3,799.53

3,204.87

3,154.77

3,129.36

2,911.53

2,909.78

2,850.49

Raw Material Cost

2,579.22

2,596.87

2,521.73

2,453.57

2,291.39

2,370.02

2,243.75

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

428.63

452.94

410.28

436.98

472.02

496.10

504.17

Selling and Distribution Expenses

184.95

201.04

228.03

218.94

221.21

227.77

265.23

Other Expenses

-41.78

-44.45

-40.13

-42.75

-46.36

-48.87

-49.48

Total Expenditure (Excl Depreciation)

2,774.96

2,806.40

2,758.78

2,682.03

2,521.03

2,605.21

2,518.33

Operating Profit (PBDIT) excl Other Income

1024.6

398.5

396

447.29999999999995

390.5

304.6

332.2

Other Income

108.58

-65.09

1,513.10

11.46

1,141.61

40.93

6.08

Operating Profit (PBDIT)

2,073.88

1,306.36

2,862.39

1,385.03

2,449.84

1,283.76

1,225.15

Interest

428.63

452.94

410.28

436.98

472.02

496.10

504.17

Exceptional Items

0.00

-1,712.55

0.00

Gross Profit (PBDT)

1,220.30

608.00

633.04

675.79

620.15

539.76

606.73

Depreciation

940.74

972.97

953.31

926.23

917.72

938.26

886.92

Profit Before Tax

704.51

-1,832.10

1,498.81

21.82

1,060.10

-150.61

-165.93

Tax

122.67

25.54

198.74

69.98

213.52

36.92

-0.38

Provisions and contingencies

0.00

Profit After Tax

2,988.87

-512.32

793.27

-78.01

815.80

-188.90

-167.47

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

2,988.87

-512.32

793.27

-78.01

815.80

-188.90

-167.47

Share in Profit of Associates

0.00

Minority Interest

3.88

4.71

2.90

1.85

1.13

1.37

1.91

Other related items

0.00

Consolidated Net Profit

2,992.74

-507.61

796.18

-76.16

816.93

-187.53

-165.56

Equity Capital

0.00

Face Value

0.0

Reserves

32,256.10

28,717.48

27,979.13

26,732.13

24,926.21

23,900.12

20,612.73

Earnings per share (EPS)

1.46

-0.34

0.39

-0.06

0.45

-0.22

-0.15

Diluted Earnings per share

1.46

-0.34

0.39

-0.06

0.45

-0.22

-0.15

Operating Profit Margin (Excl OI)

26.97%

12.43%

12.55%

14.29%

13.41%

10.47%

11.65%

Gross Profit Margin

43.3%

-26.81%

77.73%

30.3%

67.93%

27.07%

25.29%

PAT Margin

78.66%

-15.99%

25.15%

-2.49%

28.02%

-6.49%

-5.88%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Mar 2026 is 18.55% vs 1.59% in Dec 2025

Consolidate Net Profit

QoQ Growth in quarter ended Mar 2026 is 689.58% vs -163.75% in Dec 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Mar 2026 is 43.31% vs 1.64% in Dec 2025

Interest

QoQ Growth in quarter ended Mar 2026 is -5.37% vs 10.38% in Dec 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

Compare Quarterly Results Of GDS Holdings Ltd. With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(HKD)

Change(%)

Net Sales

3,799.53

3,029.02

770.51

25.44%

Other Operating Income

0.00

Total Operating income

3,799.53

3,029.02

770.51

25.44%

Raw Material Cost

2,579.22

2,518.57

60.65

2.41%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

428.63

168.28

260.35

154.71%

Selling and Distribution Expenses

184.95

374.71

-189.76

-50.64%

Other Expenses

-41.78

4.04

-45.82

-1,134.16%

Total Expenditure (Excl Depreciation)

2,774.96

3,101.91

-326.95

-10.54%

Operating Profit (PBDIT) excl Other Income

1,024.57

-72.89

1,097.46

1,505.64%

Other Income

108.58

47.78

60.80

127.25%

Operating Profit (PBDIT)

2,073.88

829.32

1,244.56

150.07%

Interest

428.63

168.28

260.35

154.71%

Exceptional Items

0.00

Gross Profit (PBDT)

1,220.30

510.45

709.85

139.06%

Depreciation

940.74

854.44

86.30

10.10%

Profit Before Tax

704.51

-193.40

897.91

464.28%

Tax

122.67

-14.74

137.41

932.23%

Provisions and contingencies

0.00

Profit After Tax

2,988.87

-175.77

3,164.64

1,800.44%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

2,988.87

-175.77

3,164.64

1,800.44%

Share in Profit of Associates

0.00

Minority Interest

3.88

-2.89

6.77

234.26%

Other related items

0.00

Consolidated Net Profit

2,992.74

-178.66

3,171.40

1,775.10%

Equity Capital

0.00

Face Value

0.00

Reserves

32,256.10

10,377.43

21,878.67

210.83%

Earnings per share (EPS)

1.46

-0.04

1.50

3,750.00%

Diluted Earnings per share

1.46

-0.04

1.50

3,750.00%

Operating Profit Margin (Excl OI)

26.97%

-2.41%

0.00

29.38%

Gross Profit Margin

43.30%

21.82%

0.00

21.48%

PAT Margin

78.66%

-5.80%

0.00

84.46%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 379.95 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 18.55% vs 1.59% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 30.50% vs 10.03% in Mar 2025

Quarterly - Consolidate Net Profit

Consolidate Net Profit 299.27 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 689.58% vs -163.75% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 266.35% vs 375.51% in Mar 2025

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 196.53 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is 43.31% vs 1.64% in Dec 2025

YoY Growth in quarter ended Mar 2026 is 50.23% vs 17.77% in Mar 2025

Quarterly - Interest

Interest 42.86 Million

in Mar 2026

Figures in Million

QoQ Growth in quarter ended Mar 2026 is -5.37% vs 10.38% in Dec 2025

YoY Growth in quarter ended Mar 2026 is -9.19% vs -9.09% in Mar 2025

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 26.97%

in Mar 2026

Figures in %

QoQ Growth in quarter ended Mar 2026 has improved from Dec 2025

YoY Growth in quarter ended Mar 2026 has improved from Mar 2025