Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 215

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 215
---
 |      - |     |            |           - |   |     |          |          - |   |     |               |  296,833 |   |     |                 |    15,384 |   |     |               |     312,217 |   |
| Balance as of March 31, 2025                                         |     |                 | 121,947,978 |     | $         | 12,196 |     | $          |  18,149,582 |   |     | $        | 17,513,985 |   |     | $             |  178,312 |   |     | $               | 1,103,187 |   |     | $             |  36,957,262 |   |

<div align='center'>The accompanying notes are
an integral part of these consolidated financial statements.

F-5

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in U.S. dollar, except for the number of shares)</div>

| CASH FLOWS FROM OPERATING ACTIVITIES:                                        |     | For the Years Ended 
 March 31,           
 2025                |             |   |     | 2024 |             |   |     | 2023 |            |   |
|:-----------------------------------------------------------------------------|:----|:--------------------|------------:|:--|:----|:-----|------------:|:--|:----|:-----|-----------:|:--|
| Net income (loss)                                                            |     | $                   |   5,049,421 |   |     | $    |  (1,960,956 | ) |     | $    |  2,140,670 |   |
| Adjustments to reconcile net loss to net cash used in operating activities:  |     |                     |             |   |     |      |             |   |     |      |            |   |
| Depreciation of property and equipment                                       |     |                     |     328,948 |   |     |      |     320,308 |   |     |      |    297,069 |   |
| Amortization of intangible assets                                            |     |                     |   1,065,373 |   |     |      |   1,168,358 |   |     |      |    517