Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 117

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 117
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 |     |        |       |    |
| Gross profit margin     |     | $                             |    232,459 |   |     | $    |          — |   |     | $      |  232,459 |    |     |        |       |    |
| Gross profit percentage |     |                               |       63.1 | % |     |      |          — | % |     |        |     63.1 | %  |     |        | 100.0 | %  |
| Total                   |     |                               |            |   |     |      |            |   |     |        |          |    |     |        |       |    |
| Gross profit            |     | $                             | 13,318,458 |   |     | $    | 13,845,547 |   |     | $      | (527,089 | )  |     |        |       |    |
| Gross profit margin     |     |                               |       13.7 | % |     |      |       17.9 | % |     |        |     (4.2 | )% |     |        |  (3.8 | )% |

Our gross profit decreased
by approximately $0.5 million, or 3.8%, to approximately $13.3 million for the year ended March 31, 2024 from approximately
$13.8 million for the same period in 2023. The decrease in profit was primarily attributable to decreased gross profit from game
publishing by approximately $1.0 million and decreased gross profit from advertising services by approximately $0.4 million
for the year ended March 31, 2024. The decrease in gross profit then was offset by an increased gross profit from sale of console
game by approximately $0.6 million and increased gross profit from others by approximately $0.2 million for the year ended March 31,
2024.

<div align='center'>67</div>

For the years ended March
31, 2024 and 2023, our overall gross margin decreased from 17.9% to 13.7%. The 4.2 % decrease was attributable to (1) 3.1% decreased in
gross margin from sales of console game as we experienced higher cost in purchasing console game for resale due to price increase from
our vendor, (2) 2.0% decrease in gross profit