Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 147

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 147
---
 condition and results of operations together with our financial statements and related notes included elsewhere in this prospectus. Some of the information contained in this discussion and analysis are set forth elsewhere in this prospectus, and include statements based on our current expectations and assumptions regarding our business, the economy and other future conditions, and are subject to risks and uncertainties that could cause actual results to differ materially. As a result of many factors, including those factors set forth in the section of prospectus titled “Risk Factors,” our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. Overview Ban Leong is a leading Singapore-based brand-driven distributor of a wide range of technology products across Singapore, Malaysia, and Thailand. The products we distribute include, but are not limited to, the following:

| ● | IT                                                                                             
 accessories : computer systems, DIY components, mobile, wearables, and power-related products, |

| ● | gaming                                                                                     
 peripherals and multimedia products: audio-video products such as speakers, earphones, and 
 monitors,                                                                                  |

| ● | smart                                                                              
 Internet-of-Things (“IoT”) devices: networking, smart home, and tracking products, 
 and                                                                                |

| ● | commercial                                                                                
 IT solutions: large format displays, unified communication, video conferencing solutions, 
 software, and computing systems for B2B clients..                                         |

Since Ban Leong’s incorporation in 1993, it has evolved from a traditional “box-moving” distributor into a value-added, multi-channel solutions provider. Ban Leong’s operations encompass product marketing, after-sales support, and regional logistics, enabling us to serve a diverse customer base through retail, e-commerce, and commercial sales channels. Ban Leong is an authorized distributor for over 50 brand, including Razer, Nvidia, Samsung, Huawei, TP-Link, and LG. We believe our long-standing relationships with globally recognized brand principals, together with our integrated distribution model, supports our competitive positioning in the Southeast Asian market. Results of Operations For the fiscal year ended March 31, 2025, revenue was S$193.63 million , compared to S$208.08 million for the fiscal year ended March 31, 2024, representing a decrease of approximately 6.9%. The decline was primarily driven by softer market demand in selected product categories and intensified price competition. Profit before tax for fiscal 2025 was S$4.95 million, compared to S$8.34 million in fiscal 202