Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 241

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 241
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is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount
of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated
financial statements.

Commitment

On December 18, 2024, the
Company, through its subsidiary 4Divinity SG, entered into a Publishing Agreement with NEKCOM Private Limited and its PRC affiliate (collectively,
“ NEKCOM”), pursuant to which 4Divinity SG was appointed as the global publisher and distributor of the video game SHOWA
American Story(the “ Licensed Game”) for all platforms and territories, excluding certain regions previously licensed
to other parties. Under the terms of the agreement, 4Divinity SG committed to a fully recoupable minimum sales guarantee of $5.0million,
payable in tranches as defined in the agreement. In addition, 4Divinity SG agreed to furnish a non-recoupable marketing budget of $5,000,000,
which will be used to support global marketing efforts for the Licensed Game. As of March 31, 2025, the Company had paid $3,000,000of
the minimum sales guarantee (See Note 18).

Note 24 - Earning (loss) per share

For the purpose of calculating
earnings (loss) per share, the number of shares used in the calculation reflects the outstanding shares of the Company as if the reverse
recapitalization as described in Note 3 took place at the beginning of the earliest period presented.

                                                                    For the years ended March 31,                                                                         
                                                                    2025                                                2024                       2023                   
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Earning (loss) per share – basic and diluted:                                                                                                                           
  Numerator:                                                                                                                                                              
  Net income (loss) attributable to the Company’s shareholders      $                                    5,587,625      $         ( 1,373,504      $           1,986,119  
  Denominator:                                                                                                                                                            
  Weighted average number of ordinary shares outstanding                                               107,184,280                105,013,283                104,972,026  
  Earning (loss) per ordinary share – basic and diluted             $                                         0.05      $              ( 0.01