GDS Global Income Statement

Financials in millions SGD. Fiscal year is October - September.

Millions SGD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	22.79	13.36	12.2	13.66	12.99
Revenue Growth (YoY)	70.61%	9.48%	-10.69%	5.18%	-9.04%
Cost of Revenue	15.29	8.93	8.82	9.65	9.07
Gross Profit	7.51	4.43	3.39	4.02	3.92
Selling, General & Admin	7.15	6	5.1	5.18	5.37
Other Operating Expenses	0.05	0.1	0.23	0.22	-0.01
Operating Expenses	7.2	6.09	5.33	5.4	5.36
Operating Income	0.31	-1.67	-1.94	-1.39	-1.44
Interest Expense	-0.22	-0.15	-0.17	-0.2	-0.23
Interest & Investment Income	0.03	0.02	0.01	0	0
Currency Exchange Gain (Loss)	-0.01	-0.11	-0.12	0.07	-0.03
EBT Excluding Unusual Items	0.11	-1.91	-2.22	-1.51	-1.69
Gain (Loss) on Sale of Assets	0.18	-0.29	-	0.02	-0.02
Other Unusual Items	-	-	-	-	0.24
Pretax Income	0.29	-2.2	-2.22	-1.49	-1.47
Income Tax Expense	0.1	0.07	-0.11	0.18	0.13
Earnings From Continuing Operations	0.2	-2.27	-2.12	-1.68	-1.6
Minority Interest in Earnings	-0.33	-0.26	-0.22	-0.45	-0.31
Net Income	-0.13	-2.53	-2.34	-2.13	-1.91
Net Income to Common	-0.13	-2.53	-2.34	-2.13	-1.91
Shares Outstanding (Basic)	224	131	112	112	112
Shares Outstanding (Diluted)	224	131	112	112	112
Shares Change (YoY)	71.49%	16.71%	-	-	-
EPS (Basic)	-0.00	-0.02	-0.02	-0.02	-0.02
EPS (Diluted)	-0.00	-0.02	-0.02	-0.02	-0.02
Free Cash Flow	0.57	-1.39	0.42	-0.18	0.88
Free Cash Flow Per Share	0.00	-0.01	0.00	-0.00	0.01
Gross Margin	32.92%	33.14%	27.76%	29.40%	30.18%
Operating Margin	1.34%	-12.46%	-15.93%	-10.14%	-11.08%
Profit Margin	-0.57%	-18.95%	-19.18%	-15.57%	-14.71%
Free Cash Flow Margin	2.48%	-10.43%	3.41%	-1.34%	6.78%
EBITDA	0.84	-1.02	-1.35	-0.8	-0.82
EBITDA Margin	3.68%	-7.65%	-11.10%	-5.84%	-6.32%
D&A For EBITDA	0.53	0.64	0.59	0.59	0.62
EBIT	0.31	-1.67	-1.94	-1.39	-1.44
EBIT Margin	1.34%	-12.46%	-15.93%	-10.14%	-11.08%
Effective Tax Rate	32.76%	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.