Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 96

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4A
Chunk 96
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 HSBC term loan facility is secured by all
assets of GCL Global Pte Ltd, has a five-year term, bears a floating interest rate ranging between 2.5% and 7.5%, and requires quarterly
repayments, with the final installment due in July 2030.

Key Operating Metric

Our management regularly
reviews the operating metric to evaluate our business, measure our performance, identify trends, formulate financial projections and
make strategic decisions. The main metric we consider, and our results for the years ended March 31, 2025, 2024 and 2023, are set forth
in the tables below:

Number of game copies sold
in physical form and digital form:

                            For the Years Ended March 31,                                                                               
                                                     2025                                                                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Physical copies sold                                         1,832,740       28.2      1,234,149       24.6        598,591      48.5  
  Digital copies sold                                          4,656,893       71.8      3,787,922       75.4        868,971      22.9  
  Total copies sold                                            6,489,633      100.0      5,022,071      100.0      1,467,562      29.2  

                            For the Years Ended March 31,                                                                                
                                                     2024                                                                                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Physical copies sold                                         1,234,149       24.6      1,006,162       37.9        227,987       22.7  
  Digital copies sold                                          3,787,922       75.4      1,647,361       62.1      2,140,561      129.9  
  Total copies sold                                            5,022,071      100.0      2,653,523      100.0      2,368,548       89.3  

We experienced substantial
growth in the number of digital copies sold. Approximately 4.7 million of digital copies were sold for year ended March 31, 2025, compared
to approximately 3.8 million and 1.6 million