Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 145

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 145
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------:|:--|:----|:--|-----------:|:----|:----|------:|:--|:----|:-------|-----------:|:--|:----|:-------|------:|:---|
| Console game           |     | $                             | 108,588,100 |     |     |  89.9 | % |     | $ | 80,340,157 |     |     |  95.4 | % |     | $      | 28,247,943 |   |     |        |  35.2 | %  |
| Game publishing        |     |                               |  11,110,156 |     |     |   9.2 | % |     |   |  2,350,855 |     |     |   2.8 | % |     |        |  8,759,301 |   |     |        | 372.6 | %  |
| Advertising services   |     |                               |     956,391 |     |     |   0.8 | % |     |   |  1,389,562 |     |     |   1.6 | % |     |        |   (433,171 | ) |     |        | (31.2 | )% |
| Others                 |     |                               |     174,578 |     |     |   0.1 | % |     |   |    135,669 |     |     |   0.2 | % |     |        |     38,909 |   |     |        |  28.7 | %  |
| Total Cost of revenues |     | $                             | 120,829,225 |     |     | 100.0 | % |     | $ | 84,216,243 |     |     | 100.0 | % |     | $      | 36,612,982 |   |     |        |  43.5 | %  |

Cost of revenue increased
by approximately $36.6 million, or 43.5%, to approximately $120.8 million for the year ended March 31, 2025 from approximately $84.2
million for the same period in 2024. The increase in cost of revenues was attributed to the following:

Cost of revenue from console
games increased by approximately $