Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 186

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 186
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 AND ITS SUBSIDIARIES

| Audited                                                                                                    
 Financial Statements                                                                                       
 Report of Independent Registered Public Accounting Firm (Ernst & Young LLP)                                
 Consolidated Balance Sheets as of March 31, 2025 and 2024                                                  
 Consolidated Statements of Operations and Comprehensive Income for the years ended March 31, 2025 and 2024 |     | F-61 
 F-63 
 F-64 |
|:-----------------------------------------------------------------------------------------------------------|:----|:-----|
| Consolidated Statements of Changes in Shareholders’ Equity for the years ended March 31, 2025 and 2024     |     | F-65 |
| Consolidated Statements of Cash Flows for the years ended March 31, 2025 and 2024                          |     | F-66 |
| Notes to Consolidated Financial Statements                                                                 |     | F-67 |

F-1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Directors of GCL Global Holdings Limited Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of GCL Global Holdings Limited (the “Company”) as of March 31, 2025 and 2024, the related consolidated statements of operations and comprehensive income (loss), changes in shareholders’ equity and cash flows for each of the three years in the period ended March 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2025 and 2024, and the results of its operations and its cash flows for each of three years in the period ended March 31, 2025, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether