Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 331

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 331
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 CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

| 16. | Interest expense |

Interest income

|                                               |     | For the year ended March 31, 
 2025                         |          |   |     | 2024 |         |   |
|:----------------------------------------------|:----|:-----------------------------|---------:|:--|:----|:-----|--------:|:--|
|                                               |     | $                            |          |   |     | $    |         |   |
| Interest expense on:                          |     |                              |          |   |     |      |         |   |
| - bills payable to banks and short-term loans |     |                              | (115,261 | ) |     |      | (76,550 | ) |
| - lease liabilities                           |     |                              |     (697 | ) |     |      |  (2,690 | ) |
|                                               |     |                              | (115,958 | ) |     |      | (79,240 | ) |
| Interest income on bank balances              |     |                              |   60,007 |   |     |      |  30,118 |   |

| 17. | Employee benefits expense |

|                            |     | For the year ended March 31, |      2025 |     |   |      2024 |
|:---------------------------|:----|:-----------------------------|----------:|:----|:--|----------:|
|                            |     | $                            |           |     | $ |           |
| Salaries and bonuses       |     |                              | 7,976,942 |     |   | 7,611,546 |
| Defined contribution plans |     |                              | 1,019,901 |     |   | 1,002,399 |
| Commissions                |     |                              |   654,175 |     |   |   749,640 |
| Other short-term benefits  |     |                              |   222,689 |     |   |   282,218 |
|                            |     |                              | 9,873,707 |     |   | 9,645,803 |

<div align='center'>F-84

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

|