GCL Global Holdings Ltd (NASDAQ: GCL) stock surged 5.19% in pre-market trading on Thursday, following the announcement of its impressive fiscal year 2025 financial results and strategic growth initiatives.
The company reported a substantial 45.7% increase in revenues, reaching $142.1 million for FY2025. Net income saw a remarkable turnaround, growing 350% to $5.0 million, compared to a net loss of $2.0 million in FY2024. EBITDA also experienced a significant boost, rising 980% to $10.8 million. The company's earnings per share for FY2025 stood at $0.05, a notable improvement from the loss per share of $0.01 in the previous year.
GCL's strong performance was primarily driven by the global success of its game "Black Myth: Wukong" and an expanded game distribution portfolio. The company has positioned itself to capitalize on the rising demand for Asian AAA titles. Additionally, GCL completed several strategic moves, including a business combination with RFAC Acquisition Corp., leading to its listing on Nasdaq. The company also acquired a 20% stake in NEKCOM Inc. and secured global publishing rights for upcoming games, further strengthening its market position in the gaming industry.