Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 129

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 129
---
 increase in revenue from console games. Cost of revenue from game publishing increased by approximately $8.8 million, or 372.6%, to approximately $11.1 million for the year ended March 31, 2025 from approximately $2.4 million for the same period in 2024. The increased cost of game publishing was in line with the increase of revenue from game publishing. Cost of revenue from media advertising services decreased approximately $0.4 million or 31.2%, to approximately $1.0 million for the year ended March 31, 2025 from approximately $1.4 million for the same period in 2024. The decrease was attributable to decrease in the cost of revenue from social media advertising service by $0.2 million as we incurred less video production costs related to creating video content published on our YouTube Channel. The decrease in the cost of revenue from media advertising was attributable to the decreased cost of revenue from video marketing campaign production by approximately $0.3 million as we incurred lower labor cost. 81 Gross Profit Our gross profit from our major revenue categories is summarized as follows:

| Console Game            |     | For the Years Ended March 31, 
 2025                          |            |   |     | 2024 |            |   |     | Change 
 (USD)  |           |    |     | Change 
 (%)    |       |    |
|:------------------------|:----|:------------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------|----------:|:---|:----|:-------|------:|:---|
| Gross profit margin     |     | $                             | 14,675,445 |   |     | $    | 10,678,647 |   |     | $      | 3,996,798 |    |     |        |       |    |
| Gross profit percentage |     |                               |       11.9 | % |     |      |       11.7 | % |     |        |       0.2 | %  |     |        |  37.4 | %  |
| Game Publishing         |     |                               |            |   |     |      |            |   |     |        |           |    |     |        |       |    |
| Gross profit margin     |     | $                             |  4,919,367 |   |     | $