Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 104

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4A
Chunk 104
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  Income tax expense                                       $53,291         $620,142      $             (566,851       (91.4  
  Net (Loss) income                                    $(1,907,665       $2,140,670      $           (4,101,626      (191.6  

Revenues

Our revenues from our revenue categories are
summarized as follows:

                                  For the Years Ended March 31,                                                                                   
                                  2024                                                                                                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Console game                    $                                  91,018,804       93.3      68,075,142       87.9      22,943,662       33.7  
  Game publishing                                                     3,431,680        3.5       6,103,312        7.9      (2,671,632      (43.8  
  Media advertising services                                          2,716,089        2.8       3,265,701        4.2        (549,612      (16.8  
  Other                                                                 368,128        0.4               —          —         368,128      100.0  
  Total revenues                  $                                  97,534,701      100.0      77,444,155      100.0      20,090,546       25.9  

Our revenues are mainly derived
from sale of console games, game publishing, and media advertising service. The total revenue increased by approximately $20.1 million,
or 25.9%, to approximately $97.5 million for the year ended March 31, 2024 from approximately $77.4 million for the same
period in 2023. The increase was mainly attributable to the following:

Sale of Console Game

Our revenue from sale of
console games increased by $22.9 million, or 33.7%, to approximately $91.0 million for the year ended March 31, 2024 from
approximately $68.1 million for the year ended March 31, 2023. The increase was primarily attributable to increase in revenue
from sales of console game codes of approximately $24.0 million, representing an 84.0% increase in revenue from sales of console
game codes. The increase of revenue from sales of console game codes was that we experienced higher