Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 206

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 206
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 the practical expedient to expense costs as incurred for incremental costs to obtain a contract when the amortization period
would have been one year or less. As of March 31, 2025, 2024 and 2023, the Company did not incur any incremental costs to obtain contract.

As of March 31, 2025 and 2024, the Company did
not have any contract assets.

The Company recognized advance
payments from its customer prior to revenue recognition as contract liability until the revenue recognition performance obligations are
met. As of March 31, 2025 and 2024, the contract liabilities amounted to $ and $, respectively. For the years ended
March 31, 2025, 2024, and 2023, revenue recognized that was included in the beginning period contract liabilities balance amounted to
$, $, and $, respectively. As of March 31, 2025 and 2024, there were no contracts with performance obligations
beyond twelve months for revenue recognition.

Disaggregated information of revenues by products/services
are as follows:

|                                      |     | For                       
 the Years Ended March 31, |        2025 |     |   |       2024 |     |   |       2023 |
|:-------------------------------------|:----|:--------------------------|------------:|:----|:--|-----------:|:----|:--|-----------:|
| Console game                         |     | $                         |  36,082,735 |     | $ | 38,429,942 |     | $ | 39,499,316 |
| Console game code                    |     |                           |  87,180,808 |     |   | 52,588,862 |     |   | 28,575,826 |
| Console game– subtotal               |     |                           | 123,263,543 |     |   | 91,018,804 |     |   | 68,075,142 |
| Game publishing                      |     |                           |  16,029,523 |     |   |  3,431,680 |     |   |  6,103,312 |
| Video marketing campaign services    |     |                           |   1,815,420 |     |   |  2,128,589 |     |   |  2,486,844 |
| Social media advertising services    |     |                           |