Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 292

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 292
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 years ended March 31, 2025 and 2024 amounted to $893,015 and $955,401, respectively. The current and deferred components of income tax expenses appearing in the consolidated statements of comprehensive income are as follows:

|                            |     | For the year ended March 31, |    2025 |   |     |   |    2024 |
|:---------------------------|:----|:-----------------------------|--------:|:--|:----|:--|--------:|
|                            |     | $                            |         |   |     | $ |         |
| Current income tax expense |     |                              | 913,767 |   |     |   | 955,401 |
| Deferred income tax credit |     |                              | (20,752 | ) |     |   |       – |
|                            |     |                              | 893,015 |   |     |   | 955,401 |

F-85 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

| 18. | Taxation (continued) |

A reconciliation between income tax expenses and the product of accounting profit multiplied by the applicable corporate rate for the years ended March 31, 2025 and 2024 is as follows:

|                                                                                  |     | For the year ended March 31, |      2025 |   |     |   |      2024 |   |
|:---------------------------------------------------------------------------------|:----|:-----------------------------|----------:|:--|:----|:--|----------:|:--|
|                                                                                  |     | $                            |           |   |     | $ |           |   |
| Net income before taxes                                                          |     |                              | 4,952,100 |   |     |   | 8,336,145 |   |
| Tax calculated at tax rate of 17% (2024: 17%)                                    |     |                              |   841,857 |   |     |   | 1,417,145 |   |
| Adjustments:                                                                     |     |                              |           |   |     |   |           |   |
| Non-deductible expenses                                                          |     |                              |    74,641 |   |     |   |    61,094 |   |
| Income not subject to tax                                                        |     |                              |   (80,232 | ) |     |