Back 09 May 2025

GDS Global Limited's Strong 1H 2025 Turnaround: Profitability Restored on Surge in Revenue and Project Sales

Link: https://links.sgx.com/1.0.0/corporate-announcements/XLZG31GCPK675FOO/2d234044d7933d2c0dfae17643afff70ee80e412688515037c37a6611867087b

Summary:

  • GDS Global Limited achieved a marginal net profit of S$0.01 million for the six months ended 31 March 2025, a significant improvement from the S$0.99 million net loss in the previous corresponding period.
  • Revenue for the period more than doubled, increasing to S$11.13 million, primarily driven by higher sales in the door and shutter systems segment from completed projects and export sales.
  • Gross profit rose to S$4.05 million, with the gross profit margin improving to approximately 36%.
  • The company aims to sustain its growth momentum by actively pursuing more projects both locally and overseas, and increasing export sales.
  • While focusing on growth, the Group anticipates challenges in the doors and shutters and trading of production components segments due to global trade tensions and supply chain pressures.