Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 134

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 134
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 $2.4 million for the year ended March 31, 2024 from approximately $4.1 million for the same period in 2023. This decrease was primarily driven by a reduction in development fees, which corresponded to the overall decline in game publishing revenue of approximately $2.7 million, or 43.8%. As the Company remits a development fee based on a percentage of revenue generated from the gaming platform, the reduction in revenue directly resulted in lower development fees owed to the developer. Cost of revenue from media advertising decreased approximately $0.1 million or 9.6%, to approximately $1.4 million for the year ended March 31, 2024 from approximately $1.5 million for the same period in 2023. The decrease was attributable to decrease in the cost of revenue from social media advertising service by $0.2 million as we incurred less video production cost related to creating video content published on our YouTube Channel. The decrease in the cost of revenue from media advertising was offset by increased cost of revenue from video marketing campaign production by approximately $0.1 million as we incurred higher labor cost. Gross Profit Our gross profit from our major revenue categories are summarized as follows:

| Console Game            |     | For the Years Ended March 31, 
 2024                          |            |   |     | 2023 |            |   |     | Change 
 (USD)  |          |    |     | Change 
 (%)    |       |    |
|:------------------------|:----|:------------------------------|-----------:|:--|:----|:-----|-----------:|:--|:----|:-------|---------:|:---|:----|:-------|------:|:---|
| Gross profit margin     |     | $                             | 10,678,647 |   |     | $    | 10,069,939 |   |     | $      |  608,708 |    |     |        |       |    |
| Gross profit percentage |     |                               |       11.7 | % |     |      |       14.8 | % |     |        |     (3.1 | )% |     |        |   6.0 | %  |
| Game Publishing         |     |                               |            |   |     |      |            |   |     |        |          |    |     |        |       |    |
| Gross profit margin