Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 250

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 250
---
000 of
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.

| Earning (loss) per share – basic and diluted:                
 Numerator:                                                   |     | For the years ended March 31, 
 2025                          |             |     | 2024 |             |   |     | 2023 |             |
|:-------------------------------------------------------------|:----|:------------------------------|------------:|:----|:-----|------------:|:--|:----|:-----|------------:|
| 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 | ) |     | $    |        0.02 |

The following ordinary shares equivalents were
excluded from the computation to eliminate any antidilutive effect:

|                                      |     | As of     
 March 31, 
 2025      |            |     | As of     
 March 31, 
 2024      |   |     | As of     
 March 31, 
 2023      |   |
|:-------------------------------------|:----|:----------|-----------:|:----|:----------|:--|:----|:----------|:--|
| Warrant (1)                          |     |           | 16,500,000 |     |           | - |     |           | - |
| Ordinary shares placed in escrow (2) |     |           |  4,328,394 |     |           | - |