AIB Data Centers (AIB) Q4 2025 earnings summary

Executive summary

• Completed business combination and began trading on NYSE American under ticker "AIB" on March 17, 2026, marking a new chapter as a public company.

• Operating a 40 MW data center in South Carolina with plans to expand to 50 MW, and developing a 25 MW AI-focused site in Minnesota.

• Announced two significant LOIs totaling 25 MW and over $500 million in potential contract value, targeting both enterprise and cloud customers.

• Strategic collaborations with Supermicro and Power and Data Management to secure compute hardware and electrical infrastructure.

Financial highlights

• FY 2025 revenue was $18.5 million, down from $22.9 million in FY 2024.

• Gross profit was $3.5 million, compared to $8.2 million in FY 2024.

• Net loss of $0.8 million, versus net income of $5.7 million in FY 2024, impacted by $1.7 million in transaction-related expenses.

• Adjusted EBITDA was $1.7 million, down from $6.2 million in FY 2024.

• Net cash provided by operating activities was $2.3 million, compared to $9.1 million in FY 2024.

• Cash and cash equivalents at year-end were $15,265, with $1.3 million received post-business combination.

• Total stockholders' equity was $7.9 million, down from $10.7 million in FY 2024.

Outlook and guidance

• Near-term priorities include converting LOIs to definitive agreements, expanding the South Carolina campus, and advancing the Minnesota site.

• If LOIs are executed, projects are expected to generate contracted revenue in early 2027.

• Growth strategy targets a 715 MW multi-site development pipeline, with $9.9 billion in CapEx planned for 2026-2030.

• Funding to be sourced through project-level debt and privately placed equity, using a GP/LP structure to limit dilution.