Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 288

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 288
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legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible
losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

Note 18 — Segment information

The Company presents segment information after elimination
of inter-Company transactions. In general, revenue, cost of revenue and operating expenses are directly attributable, or are allocated,
to each segment. The Company allocates costs and expenses that are not directly attributable to a specific segment, such as those that
support infrastructure across different segments, to different segments mainly on the basis of usage, revenue or headcount, depending
on the nature of the relevant costs and expenses. The Company does not allocate assets to its segments as the CODM does not evaluate the
performance of segments using asset information.

By assessing the qualitative and quantitative criteria
established by Accounting Standards Codification (“ASC”) 280, “Segment Reporting”, the Company considers itself
to have three reportable segments which comprise of console game, game publishing, and media advertising service. The segments are organized
based on type of products for sale or service offered.

The following tables present the summary of each
segment’s revenue, interest expense, depreciation and amortization, income or loss from operations, loss before income taxes, net
income and capital expenditure which are considered as a segment operating performance measure, for the years ended March 31,
2024 and 2023:

|                               |     | For the year ended March 31, 2024 |            |   |     |            |           |   |     |                   |           |   |     |         |         |   |     |              |            |   |
|:------------------------------|:----|:----------------------------------|-----------:|:--|:----|:-----------|----------:|:--|:----|:------------------|----------:|:--|:----|:--------|--------:|:--|:----|:-------------|-----------:|:--|
|                               |     | Console game                      |            |   |     | Game       
 Publishing |           |   |     | Media advertising 
 service           |           |   |     | Others* |         |   |     | Consolidated |            |   |
| Revenues                      |     | $                                 | 91,018,804 |   |     | $          | 3,431,680 |