Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 134

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 134
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.6 | % |     |   |  1,536,615 |     |     |   2.4 | % |     |        |   (147,053 | ) |     |        |  (9.6 | )% |
| Others                 |     |                               |    135,669 |     |     |   0.2 | % |     |   |          — |     |     |     — | % |     |        |    135,669 |   |     |        | 100.0 | %  |
| Total Cost of revenues |     | $                             | 84,216,243 |     |     | 100.0 | % |     | $ | 63,598,608 |     |     | 100.0 | % |     | $      | 20,617,635 |   |     |        |  32.4 | %  |

84 Cost of revenue increased by approximately $20.6 million, or 32.4%, to approximately $84.2 million for the year ended March 31, 2024 from approximately $63.6 million for the same period in 2023. The increase in cost of revenues was attributable to the following: Cost of revenue from console games increased by approximately $22.3 million, or 38.5%, to approximately $80.3 million for the year ended March 31, 2024 from approximately $58.1 million for the same period in 2023. The increase was primarily driven by increase of revenue from console games as more units (both compact discs and console game codes) were sold during year ended March 31, 2024. Additionally, the increase was attributable to higher purchasing costs, which were influenced by price increases from our vendors. Cost of revenue from game publishing decreased by approximately $1.7 million, or 42.1%, to approximately $2.4 million for the year ended March 31, 2024 from approximately $4.1 million for the same period in 2023. This decrease was primarily driven by a reduction in development fees, which corresponded to the overall decline in game publishing revenue of approximately $2.7 million, or 43.8%. As the Company remits a development fee based on a percentage of revenue generated from the gaming platform, the reduction in revenue directly resulted in lower development fees owed to the developer. Cost of revenue from media advertising decreased approximately $