GCL Reports Q1 Revenue of $98.7mln, Up 93.9% YoY

GCL Global Holdings reported H1 FY26 revenues of $98.7m, up 93.9% YoY, driven by Ban Leong's hardware and accessories distribution. However, gross margin declined to 11.0% from 13.8% in H1 FY25, and the company reported a net loss of $5.6m, compared to a net loss of $0.8m in the same period last year. EBITDA loss was $2.7m, compared to a gain of $0.7m in H1 FY25.