Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 101

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 4A
Chunk 101
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 video content published on our YouTube
Channel. The decrease in the cost of revenue from media advertising was attributable to the decreased cost of revenue from video marketing
campaign production by approximately $0.3 million as we incurred lower labor cost.

Gross Profit

Our gross profit from our major revenue categories
is summarized as follows:

                               For the Years Ended March 31,                                                                                  
                               2025                                               2024                      Change                            
                                                                                                            (USD)                             
  Console Game                                                                                                                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Gross profit margin          $                                  14,675,445      $         10,678,647      $           3,996,798             
  Gross profit percentage                                               11.9                      11.7                        0.2       37.4  
  Game Publishing                                                                                                                             
  Gross profit margin          $                                   4,919,367      $          1,080,825      $           3,838,543             
  Gross profit percentage                                               30.7                      31.5                       (0.8      355.1  
  Advertising Service                                                                                                                         
  Gross profit margin          $                                   1,281,973      $          1,326,527      $             (44,554             
  Gross profit percentage                                               57.3                      48.8                        8.4       (3.4  
  Others                                                                                                                                      
  Gross profit margin          $                                     366,578      $            232,459      $             134,117             
  Gross profit percentage                                               67.7                      63.1                        4.6       57.7  
  Total                                                                                                                                       
  Gross profit                 $                                  21,243,361      $         13,318,458      $           7,924,903             
  Gross profit margin                                                   15.0                      13.7                        1.3       59.5  

Our gross profit increased
by approximately $7.9 million, or 59.5%, to approximately $21.2 million for the year ended March 31, 2025 from approximately $13.3 million
for the same period in 2024. The increase was primarily attributable to increased gross profit from console games and game publishing
by approximately $4.0 million and $3.8 million, respectively. These increases are consistent with the corresponding growth in