Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 149

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 149
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 |     |     |     % |   |     |   |       2023 |     |     |     % |   |     | Change |        USD |   |     | Change |     % |    |
|:-----------------------|:----|:------------------------------|-----------:|:----|:----|------:|:--|:----|:--|-----------:|:----|:----|------:|:--|:----|:-------|-----------:|:--|:----|:-------|------:|:---|
| Console game           |     | $                             | 80,340,157 |     |     |  95.4 | % |     | $ | 58,005,203 |     |     |  91.2 | % |     | $      | 22,334,954 |   |     |        |  38.5 | %  |
| Game publishing        |     |                               |  2,350,855 |     |     |   2.8 | % |     |   |  4,056,790 |     |     |   6.4 | % |     |        | (1,705,935 | ) |     |        | (42.1 | )% |
| Advertising services   |     |                               |  1,389,562 |     |     |   1.6 | % |     |   |  1,536,615 |     |     |   2.4 | % |     |        |   (147,053 | ) |     |        |  (9.6 | )% |
| Others                 |     |                               |    135,669 |     |     |   0.2 | % |     |   |          — |     |     |     — | % |     |        |    135,669 |   |     |        | 100.0 | %  |
| Total Cost of revenues |     | $                             | 84,216,243 |     |     | 100.0 | % |     | $ | 63,598,608 |     |     | 100.0 | % |     | $      | 20,617,635 |   |     |        |  32.4 | %  |

<div align='center'>84</div>

Cost of revenue increased
by approximately