Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 243

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 243
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 reportable segments.

F-53

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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, 2025, 2024, and 2023:

Disaggregated information of revenues by regions
are as follows:

                                                                            For the Year Ended March 31, 2025                                                                                           
                                                                            Console                                                                                             Total                   
                                                                            game,                                                                                                                       
                                                                            hardware,                                                                                                                   
                                                                            and                                                                                                                         
                                                                            accessories                                                                                                                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues                                                                  $                                      122,018,643      23,757,232      1,973,858      541,156      $          148,290,889  
  Revenues, a related party                                                                                          1,244,899               -        264,506            -                   1,509,405  
                                                                                                                   123,263,542      23,757,232      2,238,364      541,156                 149,800,294  
  Reconciliation of revenue                                                                                                                                                                             
  Elimination of intersegment revenues                                                                                                                                                     ( 7,727,708  
  Total consolidated revenues                                                                                                                                                   $          142,072,586  
  Less:                                                                                                                                                                                                 
  Cost of revenues                                                                                                 100,288,013      11,110,156        719,080      174,578      $          112,291,827  
  Cost of revenues, related parties                                                                                 15,596,454               -        237,311            -                  15,833,765  
                                                                                                                   115,884,467      11,110,156        956,391      174,578                 128,125,592