Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 141

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 141
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. For the year ended March 31, 2025, this revenue amounted to approximately
$0.5 million. We anticipate that this source of revenue will continue to remain insignificant to our overall operations.

Cost of Revenues

Our cost of revenues from
our revenue categories are summarized as follows:

|                        |     | For the Years Ended March 31, |        2025 |     |     |     % |   |     |   |       2024 |     |     |     % |   |     | Change |        USD |   |     | Change |     % |    |
|:-----------------------|:----|:------------------------------|------------:|:----|:----|------:|:--|:----|:--|-----------:|:----|:----|------:|:--|:----|:-------|-----------:|:--|:----|:-------|------:|:---|
| Console game           |     | $                             | 108,588,100 |     |     |  89.9 | % |     | $ | 80,340,157 |     |     |  95.4 | % |     | $      | 28,247,943 |   |     |        |  35.2 | %  |
| Game publishing        |     |                               |  11,110,156 |     |     |   9.2 | % |     |   |  2,350,855 |     |     |   2.8 | % |     |        |  8,759,301 |   |     |        | 372.6 | %  |
| Advertising services   |     |                               |     956,391 |     |     |   0.8 | % |     |   |  1,389,562 |     |     |   1.6 | % |     |        |   (433,171 | ) |     |        | (31.2 | )% |
| Others                 |     |                               |     174,578 |     |     |   0.1 | % |     |   |    135,669 |     |     |   0.2 | % |     |        |     38,909 |   |     |        |  28.7 | %  |
| Total Cost of revenues |     | $