Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 169

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 169
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 loan of $2.16 million in the prior year. The lower profit attributable to shareholders also reflected lower sales volumes, higher promotional activity costs and distribution expenses.

IT Accessories generated revenue of S$76.35 million, Multimedia generated revenue of S$113.37 million and Data Storage generated revenue of S$3.91 million.

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Liquidity and Capital Resources

As of March 31, 2025, total equity attributable
to shareholders was S$47.54 million, compared to S$45.73 million at March 31, 2024. The increase primarily reflects retained earnings
for the year.

We finance our operations primarily through internally
generated cash flows and short-term trade financing facilities. During fiscal 2025, we repurchased approximately S$0.5 million of our
ordinary shares as treasury stock and paid dividends totalling approximately S$2.27 million.

Cash flows from operating activities in fiscal
2025 were positive, reflecting our profitability and disciplined working capital management. Investing activities were modest, mainly
relating to IT system upgrades and office equipment purchases. Financing activities were driven by dividend payments and share buybacks.
We believe that cash on hand, together with available credit facilities, will be sufficient to fund our operations, capital expenditures,
and dividend commitments for at least the next 12 months.

Contractual Obligations

Our principal contractual obligations as of March
31, 2025, consist of trade payables, lease commitments for office and warehouse facilities, and short-term borrowings under trade finance
lines. These obligations are expected to be met from operating cash flows and existing banking facilities. A summary of our contractual
obligations is included in the notes to our consolidated financial statements beginning on page F-61 of this prospectus.

Off-Balance Sheet Arrangements

We have no material off-balance sheet arrangements,
as defined in Item 303(a)(4) of Regulation S-K, that have or are reasonably likely to have a material current or future effect on our
financial condition, results of operations, liquidity, capital resources, or capital expenditures.

Working Capital

Our working capital cycle increased to 62 days in fiscal 2025 from 56 days in fiscal 2024. The increase reflects slightly extended collection periods in certain markets and higher inventory levels to mitigate potential supply chain risks. As of March 31, 2025, trade receivables were S$22.69 million, compared to S$23.16