Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 236

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 236
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 prior to revenue recognition as contract liability until the revenue recognition performance obligations are
met. As of March 31, 2025 and 2024, the contract liabilities amounted to $505,323 and $209,903, respectively. For the years ended
March 31, 2025, 2024, and 2023, revenue recognized that was included in the beginning period contract liabilities balance amounted to
$209,903, $363,726, and $433,924, respectively. As of March 31, 2025 and 2024, there were no contracts with performance obligations
beyond twelve months for revenue recognition.

Disaggregated information of revenues by products/services
are as follows:

|                                      |     | For                       
 the Years Ended March 31, |        2025 |     |   |       2024 |     |   |       2023 |
|:-------------------------------------|:----|:--------------------------|------------:|:----|:--|-----------:|:----|:--|-----------:|
| Console game                         |     | $                         |  36,082,735 |     | $ | 38,429,942 |     | $ | 39,499,316 |
| Console game code                    |     |                           |  87,180,808 |     |   | 52,588,862 |     |   | 28,575,826 |
| Console game– subtotal               |     |                           | 123,263,543 |     |   | 91,018,804 |     |   | 68,075,142 |
| Game publishing                      |     |                           |  16,029,523 |     |   |  3,431,680 |     |   |  6,103,312 |
| Video marketing campaign services    |     |                           |   1,815,420 |     |   |  2,128,589 |     |   |  2,486,844 |
| Social media advertising services    |     |                           |     422,944 |     |   |    587,500 |     |   |    778,857 |
| Media advertising services- subtotal |     |                           |   2,238,364 |     |   |  2,716,089 |     |   |  3,265,701 |
| Other revenue                        |     |                           |