Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 133

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 133
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 our total consolidated revenue for the years ended March 31, 2025 and 2024
and 2023, respectively, was derived from sale of either games on consoles such as Sony PlayStation, Microsoft Xbox, Nintendo Switch and
PCs to retailers, or game codes via electronic delivery to retailers or end-users through email or download. We also have our own production
studio and an advertising agency, providing media and content advertising services for small and medium-sized enterprises (the “SMEs”)
and government agencies. In September 2022, we formed a subsidiary dedicated to our game publishing business investing in upcoming game
titles as either a publisher or a co-publisher for the global market.

We derive revenues from
(i) distribution and sale of console games; (ii) game publishing; (iii) media advertising services; and (iv) others. The total revenue
increased by $44.5 million, or 45.7% to approximately $142.1 million for the year ended March 31, 2025 from approximately $97.5 million
for the same period in 2024. This increase in revenue was primarily attributable to the approximately $32.2 million increased sales from
console games and increase of approximately $12.6 million in game publishing revenue. The total revenue increased by $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.
This increase in revenue was primarily attributable to the approximately $22.9 million increased sales from console games and offset
by decrease of approximately $2.7 million in game publishing revenue.

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Resale by Selling Shareholders pursuant to this prospectus

This prospectus relates to
the resale from time to time of up to 15,105,000 Shares, comprised of (i) up to 14,480,000 ordinary shares by PIPE Investor issuable upon
the conversion of the Notes issued pursuant to a securities purchase agreement between the Company and PIPE Investor dated as of May 21,
2025, and (ii) 625,000 ordinary shares by Teng.

For so long as the effective
registration statement of which this prospectus forms a part is available for use, the Selling Shareholders can sell under this prospectus
an aggregate of up to 15,105,000 Ordinary Shares constituting approximately 10.