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GCL Global Holdings (NASDAQ: GCL) reported strong financial results for FY2025, with revenue reaching $142.1 million, up 45.7% year-over-year. The company achieved significant profitability improvements with net income of $5.0 million, a 350% increase from FY2024's loss, and EBITDA of $10.8 million, up 980%.
Key highlights include gross margin improvement to 15.0% from 13.7%, successful launch of "Black Myth: Wukong", and expansion of 2Games's digital library to over 8,000 games. The company completed several strategic moves, including its Nasdaq listing, acquiring a 20% stake in NEKCOM, and making a successful offer for Ban Leong Technologies.
GCL ended FY2025 with $21.4 million in cash and restricted cash, compared to $4.3 million in FY2024, and secured $2.9 million in convertible note financing.
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