Yes. Thanks very much, Roman. And so as Roman said, we've had a great start to the year, a very, very strong first quarter. And we've carried in — we're carrying in strong momentum into the second quarter.
So we feel very confident in our ability to achieve the ARR guidance for the whole year that we gave, which was $750 million to $1 billion. We're well on track to achieve this. So we're also reiterating our overall revenue guidance for the group, which is in the range of $500 million to $700 million. So thinking — we're turning to profitability here.
So we're maintaining our adjusted EBITDA guidance for the full year. So just to elaborate on that a bit, we expect — while we expect adjusted EBITDA to be negative for the full year, we plan to turn positive at some point in the second half of 2025.
On CapEx, we're currently planning CapEx of approximately $2 billion for 2025. And this is a bit up from the previous guidance of $1.5 billion due to a couple of factors. First, we had some CapEx spend that had been planned for late Q4, which actually fell in early Q1. So some of that — that would — leads to the increase towards $2 billion.
And also, as we've always said that we want to be opportunistic when it comes to really ramping up our infrastructure capacity as we see demand, and so we want to be able to sort of chase demand — and secure that demand well. And so we've had — we've considered some additional investments beyond the initial data center expansion plan, for example, you may have seen some coverage recently around the data center in Israel, which we think is a great opportunity. It's a great market, and actually — will come on and give some more color around that at later on the call. So looking to the midterm, this is a great business. It's in a great industry, and we think the future opportunity is immense.
When we look at the midterm, we think — we believe that this business will achieve mid-single-digit billions of dollars in revenue and we're actively building out our capacity pipeline to support that scale of revenue growth. The reality is that there are also scenarios where we could grow more aggressively. And so Andrey and his team are very focused on really building out the whole infrastructure potential pipeline that would enable us to deliver potentially more than 1 gigawatt of capacity in Midtown. So if we do that, that would obviously — that would allow us to achieve significantly more revenue than the kind of midterm guidance that we're talking about here.
So we'll be opportunistic, and we'll go after opportunities as we see them. Yes. I think some of the factors that could drive that additional incremental growth on top of the midterm guidance as we see more adoption from enterprise-level customers and also potential sort of larger, longer-term contracts. And again, we'll give — Arkady will give a bit more color on that at a later stage.
In terms of profitability, this is a business that we can grow profitably and we anticipate medium-term EBIT margins to range in the sort of 20% to 30% range. So this will be supported by our AI cloud business reaching scale. We also have — we have an important differentiator, which is the full stack and particularly the software at the top end of the stack. And the software is — it's a very important part of our business model, what makes us attractive to clients, sticky to clients, and ultimately, we think it's what's going to allow us to achieve higher margin, create higher-margin business models and really service customers in different ways and a wider range of customers that allow us to basically get increase that the effect of revenue per GPU. So not just the GPU as a service model, but it's a broader range of sort of revenue sources. So we also — I think it's also important to note that we actually take a very conservative view on depreciation. So actually, with all of these numbers, we apply here a full year depreciation schedule while others, I think, use typically use more of a 5- or a 6-year depreciation schedule within our industry. Longer term, I think while we see 20% and 30% is the EBITDA margins in the midterm, longer term, we could go beyond that. I think there is a number of scenarios as we continue to scale up and expand the business where we could go well north of 30% in the longer term. So just to wrap up, we're building AI infrastructure successfully and at scale. I think as you've heard Arkady talk about on previous calls, fundamentally, we think our differentiation and what sets us apart really comes down to two things: Above all, it is the quality of our technology. There's also our access to capital that to allow us to take advantage of that technology and to ramp up and to scale up quickly. So briefly on the technology.
We have an amazing team of engineers. We're building amazing hardware, software and services. These engineers, they're really — they're the best of the best in the industry. It would take years to build a team at that quality, and we're really about to have them. They're building great tech. We're building out our native AI cloud, and we're expanding the range of AI native customers that we're able to service — and really, it's the AI cloud that we build, it goes well beyond what you might call a classic bare metal offering. We're building out strong partnerships, as Daniel talked about within the ecosystem and all of this is allowing us to reach and service a broader range of customers.
In terms of capital, so we think that we're actually in a very favorable position and actually quite a unique position among Neoclouds to really finance this future growth in an efficient way. So we have significant capital funding potential for the core business, which actually comes from our various ownership and equity stakes of noncore businesses. And these — the monetization of these potential equity stakes can really translate efficiently into bottom line results of the core business. So just to give some examples of what we're referring to here. You may have seen ClickHouse in the news lately, we have a 28% or roughly 28% minority stake in the business, and this can potentially be a very important source of future capital. So according to some of the recent press reports, there's a fundraising round underway at the moment, which would potentially value the business at around $6 billion, and we believe that business will continue to perform extremely well and grow significantly from current levels. We have Toloka and we're extremely pleased to announce that they arrive at the means of strategic investors from Jeff Bezos and Mikhail Parakhin coming into the structure. And we think that their investment involvement in the business is really going to help Toloka to scale up among the top tier of AI data companies globally, with great backing from these investors. And but what's important for us, we think this is great for Toloka, it's great for us as well because we and for our shareholders because we maintain a significant majority economic interest in Toloka.
So we'll benefit from all the upside. We also have Avride. It's one of the best autonomous vehicle teams in the world. They're doing great this year.
In the last quarter, we've announced they've entered into partnerships with players like Uber, Hyundai, Grubhub, Rakuten these partnerships really underscore, I think, the strength of tech and the team and places them really among a select group of global leaders in that field. A brief note on Avride, as we've mentioned previously, we're actually — we're in fairly active talks with potential third-party investors and strategic investors that could come into the business that we believe would really help them to scale up even faster and really build their businesses. But again, while we would always look to retain significant economic interest in the upside. So it's really our ability to use these assets in these states, which gives us a really a very attractive source of financing. So when we think about the future of billions and dollars of investment in the core business, will be able to very effectively monetize these businesses and to grow extremely efficiently in a way that really minimizes any dilution to existing shareholders, while allowing us to stay very disciplined in terms of debt. So just — again, just to sort of summarize, once we achieve adjusted EBITDA profitability, our strong balance sheet and continued low interest burden, we believe will allow revenue growth to translate very efficiently into bottom line results. So I'll stop there, and Neil, I'll hand back over to you for Q&A.