Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 127

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 127
---
 |        |   (477,725 | ) |     |        | (17.6 | )% |
| Others                     |     |                               |     541,156 |     |     |   0.4 | % |     |   |    368,128 |     |     |   0.4 | % |     |        |    173,028 |   |     |        |  47.0 | %  |
| Total revenues             |     | $                             | 142,072,586 |     |     | 100.0 | % |     | $ | 97,534,701 |     |     | 100.0 | % |     | $      | 44,537,885 |   |     |        |  45.7 | %  |

Our revenues are mainly derived from sale of console games, game publishing, and media advertising service. The total revenue increased by approximately $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. The increase was mainly attributed to the following: Sale of Console Game Our revenue from sale of console games increased by approximately $32.2 million, or 35.4%, to approximately $123.3 million for the year ended March 31, 2025 from approximately $91.0 million for the year ended March 31, 2024. The increase was primarily attributable to increase in revenue from sales of console game codes of approximately $34.6 million, representing an 65.8% increase in revenue from sales of console game codes. The reason for the increase in revenue from sales of console game codes was that we experienced higher demand for game downloads from online stores, allowing us to sell 4,656,893 copies of game codes for the year ended March 31, 2025, compared to 3,787,922 copies for the same period in 2024. The increase was offset by decrease in revenue from sales of physical console game of approximately $2.3 million, representing a 6.1% decrease in revenue from sales of physical console game primarily due to shifting consumer preferences toward digital downloads over physical discs. 80 Game Publishing Revenue from game publishing was generated from collaboration with third party game developers and obtaining exclusive publishing right in distributing the console game codes though third parties’ storefronts,