Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 139

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 139
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 between 2.5% and 7.5%, and requires quarterly
repayments, with the final installment due in July 2030. See “UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION,”
“Ban Leong Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Ban Leong’s
audited financial statements and notes thereto, presented in accordance with U.S. GAAP, which are included elsewhere in this prospectus.
Ban Leong’s historical results are not necessarily indicative of future results.

Key Operating Metric

Our management regularly
reviews the operating metric to evaluate our business, measure our performance, identify trends, formulate financial projections and
make strategic decisions. The main metric we consider, and our results for the years ended March 31, 2025, 2024 and 2023, are set forth
in the tables below:

Number of game copies sold
in physical form and digital form:

|                      |     | For the Years Ended March 31, |           |     |   |       |   |     |      |           |     |   |       |   |     |        |           |     |          |      |   |
|                      |     |                          2025 |           |     | % |       |   |     | 2024 |           |     | % |       |   |     | Change |           |     | Change % |      |   |
| Physical copies sold |     |                               | 1,832,740 |     |   |  28.2 | % |     |      | 1,234,149 |     |   |  24.6 | % |     |        |   598,591 |     |          | 48.5 | % |
| Digital copies sold  |     |                               | 4,656,893 |     |   |  71.8 | % |     |      | 3,787,922 |     |   |  75.4 | % |     |        |   868,971 |     |          | 22.9 | % |
| Total copies sold    |     |                               | 6,489,633 |     |   | 100.0 | % |     |      | 5,022,071 |     |   | 100.0 | % |     |        | 1,467,562 |     |