GCL Global Holdings Ltd. $(GCL)$ has announced its financial results for the fiscal year ending March 31, 2025. The company reported a significant increase in revenues, reaching $142.1 million-up 45.7% compared to the previous year. Net income saw a substantial turnaround, growing 350% to $5.0 million, compared to a net loss of $2.0 million in FY2024. EBITDA also experienced a remarkable increase, reaching $10.8 million, a 980% rise from $1.0 million the previous year. Earnings per share for FY2025 stood at $0.05, contrasting with a loss per share of $0.01 in FY2024. Key business developments included the completion of a business combination with RFAC Acquisition Corp. and the commencement of trading of GCL's ordinary shares and warrants on Nasdaq on February 14, 2025. Additionally, GCL acquired a 20% stake in NEKCOM Inc. and secured global publishing rights for the upcoming game "Showa American Story." The company's growth was notably driven by the global success of "Black Myth: Wukong" and an expanded game distribution portfolio, positioning GCL to capitalize on the rising demand for Asian AAA titles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.