GCL Global Holdings Ltd

Thank you for standing by and welcome to the GCL FY2026 Earnings Conference Call. All participants are in listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Kroger Colson, Investor Relations for GCL Global. Please go ahead.

Thank you so much, Kaylee. Hello, everyone. Thank you for joining us to review GCL's fiscal year 2026 results. This morning, GCL posted both the earnings release and the related investor presentation to our website that you can find at ir.gclglobalholdings.com. Joining us on the call today are Sebastian Tok, GCL's Group Chief Executive Officer, as well as Kenny Lin, GCL's Group Chief Financial Officer. After the prepared remarks have concluded, we're going to open up this call to your questions. But before we begin, I'd like to point out that some statements in the teleconference are forward-looking within the meaning of federal securities laws. Although we believe these statements are reasonable, we can provide no assurance that they will prove to be accurate because of their perspective in nature. Actual results may differ materially from those discussed today, and we encourage you to review our most recent filings with the SEC for risk factors that could materially impact our results. As I mentioned, the earnings release is available on our IR website, and we encourage you to review the reconciliations of certain non-GAAP measures that are contained within that we're going to discuss on this call today. With those formalities out of the way, it's now my great pleasure to turn the call over to Sebastian Tok, Group CEO. Sebastian, over to you.

Thank you, Crocker, and good morning, everyone, and thank you for joining us today. Today, we'll walk you through the performance of our fiscal year ended March 31st, 2026, and share how we are building the foundation for the next phase of GCL's growth. Kenny, my CFO, will then take you through the financial details, and I'll close with our strategic priorities looking ahead. Now, fiscal year 2026 really marked a transformational year for the group. We significantly expanded the breadth and strategic capabilities of our business while delivering strong revenue growth. Group revenue increased 68.2% year-on-year to US$238.9 million, the highest annual revenue in our company's history. During the year, we continued our transition from a predominantly distribution-led model towards a more diversified higher value platform combining publishing, proprietary content, and scalable distribution capabilities. The completion and integration of the Banliang Technologies acquisition, further investment into our publishing pipeline, and a series of strategic partnerships have positioned the company with broader capabilities, deeper market reach, and a stronger foundation to serve customers across the global gaming market. At the same time, the investments made in game publishing and IP development and the investments required to integrate and operate a substantially larger platform weighed on profitability. We recorded a net loss of US$26.2 million and EBITDA loss of US$18.9 million for the year, compared to profits in the prior year. These incomes reflect the deliberate scaling and integration decisions we have undertaken and we believe the strategic progress achieved in fiscal 2026 will allow us to return to profitability and create meaningful opportunities ahead. Moving on to business highlights, on the game distribution front, the full-year consolidation of Banliang meaningfully broadened our reach across Southeast Asia. Banliang as a business brings about more than 30 years of history and a portfolio of over 50 global brand partnerships such as Razer, Nvidia, Samsung, Huawei and many more. Banyan also covers a network of multi-channel distribution across e-commerce, retail outlets and corporate resellers in Singapore, Malaysia and Thailand. The Banyan integration is truly underway with our focus on operational alignment and cost efficiencies across the whole group for the years ahead. On the game publishing side for this fiscal year, we continue to build on the momentum of our existing game portfolio During the year, we launched Japan Driftmaster, a racing drift game paying homage to drift racing, Mandragora, Whispers of the Witch 3 in Asia, where we launched the game on different consoles, and Unveiled Island of Hearts, a first-person romantic adventure collaborative effort game built between our subsidiaries 4Divinity and Titan Digital Media. We... are taking important steps to strengthen our IP partnership and development capabilities where 4Divinity had signed an MOU to acquire a 60% equity stake in Taiwan's Alliance Star International which is also the developer behind Kingdom Under Fire, The Civil War. When this deal is thus completed, it gives us a development studio of our own to drive further IP creation. Just as importantly, when you look at our strategy, The strategy that we've employed upon has attracted significant external validation. ADATA Technology, which is a global leader in memory and storage solutions, and also a company listed on the Taipei Exchange, made a series of strategic investments into four divinity during the year, which included US$3 million made in December 2025, followed by US$10 million made in January 2026, and an additional $10 million investment made in May 2026 at a valuation of $275 million. This capital truly strengthens our ability to secure high-profile game titles and expand our digital distribution infrastructure, and it is truly a meaningful endorsement of the value that we are building in the game publishing business. With that, I'll now turn the call over to our Group CFO, Kenny Lin, to walk through the financial results in more details.