GCL Global (GCL) H.C. Wainwright 27th Annual Global Investment Conference summary

Business Overview and Ecosystem

• Operates a comprehensive gaming ecosystem, including content, game development, publishing, distribution, and hardware, with recent expansion into gaming PCs and peripherals through strategic acquisitions like Ban Leong Technologies.

• Listed since February, achieving significant milestones and rapid business growth since then.

• Outlined a global business ecosystem with partnerships across U.S., E.U., and Asia, and highlighted economic advantages of working with Chinese studios.

Game Distribution and Publishing Performance

• Game distribution sales grew from 2.6 million units in FY2023 to 6.5 million units in FY2025, a 30% year-on-year increase.

• Publishing business expanded from 8 to 12 titles in FY2025, with revenue up 367% year-on-year, driven by major IPs like Black Myth and Stalker 2.

• Black Myth: Wukong sold over 25 million copies and drove significant merchandise sales in China.

• Hardware segment contributed $144.7M, following the Ban Leong acquisition, with console games and publishing as major revenue drivers.

• Noted strong uplift in game distribution, especially from global releases of anticipated titles.

IP Pipeline and Strategic Investments

• Invested in Netcom Inc. (20% stake), becoming global publisher for Showa American Story, which garnered over 280 million trailer views in one month.

• Announced new IPs including Sword Sage Awakening, Realm of Ink, and The Defiant, a AAA shooter FPS positioned as the next Asian Call of Duty.

• The Defiant received significant media attention and is expected to be a major global title.

• Provided an anticipated IP release timeline for FY26 and beyond, including several unannounced titles.

• Ongoing investment in game IP and global publishing as key to future growth.