Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 298

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 298
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 |    (41,693 | ) |
| Change in fair value of contingent consideration for acquisition |     |                                   |            |   |     |            |           |   |     |             |           |   |     |       |    932,152 |   |
| Income (loss) before income taxes                                |     |                                   |            |   |     |            |           |   |     |             |           |   |     | $     |  2,760,812 |   |

| * | Other operating expenses primarily consist of office,                                     
 entertainment, travel, and other costs incurred in connection with the Company’s business 
 operations.                                                                               |

<div align='center'>F-56

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

As of March 31, 2025, the
Company’s total assets comprised of $83,105,479 for sale of console game, hardware and accessories, $15,553,582 for game publishing,
$938,881 for advertising services, and $1,989,641 for other and unallocated. For the year ended March 31, 2025, capital expenditures
comprised of $159,495 for sale of console game, hardware and accessories and $1,056 for advertising services.

As of March 31, 2024, the
Company’s total assets comprised of $41,359,537 for sale of console game, hardware and accessories, $7,042,024 for game publishing,
$957,031 for advertising services, and $199,652 for other and unallocated. For the year ended March 31, 2024, capital expenditures comprised
of $243,012 for sale of console game, hardware and accessories, $15,267 for advertising services, and $19,366 for other and unallocated.

As of March 31, 2023, the
Company’s total assets comprised of $39,960,655 for sale of console game, hardware and accessories, $6,515,985 for game publishing,
$1,347,335 for advertising services, and $0 for other and unallocated. For the year ended March 31, 2023, capital expenditures comprised
of $472,911 for sale of console game, hardware and accessories and $65,450 for other and unallocated.

Disaggregated information of revenues by regions
are as follows:

|