Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 137

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 137
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 compared
to approximately 3.8 million and 1.6 million digital copies sold for the same period in 2024 and 2023, respectively, representing an
increase of 22.9% and 129.9% for the year ended March 31, 2025, and 2024, respectively. Meanwhile, the number of physical copies sold
increased by 48.5% and 22.7% for the year ended March 31, 2025, and 2024, respectively. These changes highlight our effective adaptation
to consumer preferences for digital formats, reflecting broader industry trends towards convenient, direct access to gaming content and
an increasing environmental consciousness. Our strategic focus on enhancing digital distribution channels has successfully positioned
us well for sustained growth in the digital marketplace.

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Results of Operations

Comparison of the Years Ended March 31, 2025 and 2024

|                               |     | For the Years Ended March 31, |        2025 |     |   |       2024 |   |     |   |      Change |   |     |     | Percentage 
     Change |    |
|:------------------------------|:----|:------------------------------|------------:|:----|:--|-----------:|:--|:----|:--|------------:|:--|:----|:----|-----------:|:---|
| Revenues                      |     | $                             | 142,072,586 |     | $ | 97,534,701 |   |     | $ |  44,537,885 |   |     |     |       45.7 | %  |
| Cost of revenues              |     |                               | 120,829,225 |     |   | 84,216,243 |   |     |   | (36,612,982 | ) |     |     |       43.5 | %  |
| Gross profit                  |     |                               |  21,243,361 |     |   | 13,318,458 |   |     |   |   7,924,903 |   |     |     |       59.5 | %  |
| Selling and marketing         |     |                               |   2,568,702 |     |   |  2,602,892 |   |     |   |     (34,190 | ) |     |     |