GCL Global (GCL) investor relations material

Executive summary

• Revenues for the first half of FY2026 reached $98.7 million, a 93.9% year-over-year increase, driven by the Ban Leong Technologies acquisition and expansion across Asia.

• Net loss widened to $5.6 million from a $0.8 million profit last year, reflecting higher operating and integration costs.

• EBITDA swung to a loss of $2.7 million from a $0.7 million gain, primarily due to expansion and acquisition costs.

• The group is executing a transformation strategy, expanding its ecosystem in video games, consumer electronics, and gaming hardware.

• Strategic investments and acquisitions, including ADATA's investment and MOUs for new subsidiaries, are strengthening the publishing and development pipeline.

Financial highlights

• Gross profit rose 54.5% year-over-year to $10.8 million, but gross margin declined to 11% from 13.8% due to lower-margin hardware distribution.

• Operating expenses more than doubled to $17.5 million, with $2.5 million in non-recurring integration and transaction costs.

• Cash and cash equivalents stood at $19.8 million as of September 30, 2025.

• Secured term facility of $38.7 million established, maturing in 2030.

• Loss per share was $0.04 for the period, compared to $0.00 in the prior year.

Outlook and guidance

• Full-year 2026 revenue guidance revised down to over $210 million (from $240 million) and gross profit above $21 million (from $30 million) due to delays in two game titles.

• Management remains optimistic about fiscal 2027, anticipating a breakthrough year with key IP releases and ecosystem benefits.

• Forward-looking statements highlight risks in game publishing, IP development, and integration of recent acquisitions.