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NetSol Technologies Limited Interim / Quarterly Report 2026

May 4, 2026

72248_rns_2026-05-04_016c396c-a319-45d6-860f-f244329073a0.pdf

Interim / Quarterly Report

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NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE NINE MONTHS & QUARTER ENDED MARCH 31, 2026

Nine Months ended March 31, Quarter ended March 31,
2026 2025 2026 2025
(Un-audited)
--- Rupees in Thousands --- (Un-audited)
--- Rupees in Thousands ---
Revenue from contracts with customers - net 9,339,329 6,609,011 3,571,823 2,399,985
Cost of revenue (4,698,789) (4,156,323) (1,481,061) (1,480,947)
Gross Profit 4,640,540 2,452,688 2,090,762 919,038
Selling and promotional expenses (1,087,697) (655,843) (470,223) (225,505)
Administrative expenses (1,437,921) (1,120,100) (500,945) (359,910)
(2,525,618) (1,775,943) (971,168) (585,415)
Operating Profit 2,114,922 676,745 1,119,594 333,623
Other operating expenses (277,795) (458,483) (72,373) (204,320)
Finance cost (135,204) (181,380) (40,441) (51,414)
Other income 213,684 429,277 67,516 175,530
(199,315) (210,586) (45,298) (80,204)
Profit before Final Taxes and Income Tax 1,915,607 466,159 1,074,296 253,419
Final tax / levies (246,895) (187,297) (123,863) (38,693)
Profit before Income Tax 1,668,712 278,862 950,433 214,726
Income tax - - - -
Net Profit for the Period 1,668,712 278,862 950,433 214,726
Earnings Per Share - Basic and Diluted
- Basic 19.36 3.20 10.98 2.50
- Diluted 19.18 3.15 10.91 2.46

img-0.jpeg
COMPANY SECRETARY

img-1.jpeg

Lahore
Karachi
Encinno
Austin
London
Horsham
Sydney
Beijing
Tianjin
Bangkok
Jakarta
Dubai
Pakistan
Pakistan
USA
USA
UK
UK
Australia
China
China
Thailand
Indonesia
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT MARCH 31, 2026

| | March 31,
2026 | June 30,
2025 |
| --- | --- | --- |
| | (Un-audited) (Audited) | |
| | ---Rupees in Thousands--- | |
| ASSETS | | |
| Non Current Assets | | |
| Property and equipment | 1,368,596 | 1,227,112 |
| Intangible assets | 290,448 | - |
| Long term contract assets | 746,834 | 143,058 |
| Long term loans to employees | 7,180 | 8,590 |
| | 2,413,058 | 1,378,760 |
| Current Assets | | |
| Trade debts | 8,781,325 | 5,869,134 |
| Contract assets | 3,331,588 | 2,542,057 |
| Loans and advances | 122,049 | 42,111 |
| Deposits and short term prepayments | 145,816 | 229,351 |
| Other receivables | 122,044 | 127,131 |
| Due from related parties | 164,071 | 187,791 |
| Prepaid tax asset | | 19,668 |
| Short term investments | 600,000 | 200,000 |
| Cash and bank balances | 2,657,495 | 3,767,897 |
| | 15,924,388 | 12,985,140 |
| Total Assets | 18,337,446 | 14,363,900 |
| EQUITY AND LIABILITIES | | |
| Share Capital and Reserves | | |
| Authorized share capital | | |
| 200,000 (June 30, 2025: 200,000) ordinary shares of Rs. 10 each | 2,000,000 | 2,000,000 |
| Issued, subscribed and paid up capital | 898,369 | 898,369 |
| Reserves | 11,687,775 | 9,922,818 |
| Share deposit money | 537 | 3,868 |
| Shareholders' Equity | 12,586,681 | 10,825,055 |
| Non Current Liabilities | | |
| Long term financing | 68,219 | 13,343 |
| Long term advances | 15,164 | 5,415 |
| | 83,383 | 18,758 |
| Current Liabilities | | |
| Trade and other payables | 1,080,924 | 1,173,792 |
| Contract liabilities | 2,290,717 | 153,329 |
| Short term borrowings | 2,180,000 | 2,180,000 |
| Provision for taxation-net | 52,390 | - |
| Current portion of long term financing | 58,906 | 8,428 |
| Unclaimed dividend | 4,445 | 4,538 |
| | 5,667,382 | 3,520,087 |
| Contingencies and commitments | - | - |
| Total Equity and Liabilities | 18,337,446 | 14,363,900 |

img-2.jpeg

COMPANY SECRETARY

img-3.jpeg

Lahore
Karachi
Pakistan
Encino
USA
Austin
UK
London
UK
Horsham
UK
Sydney
Australia
Beijing
China
Tianjin
China
Bangkok
Thailand
Jakarta
Indonesia
Dubai
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

NETSOL Technologies Ltd.

NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore Cantt. 54792, Pakistan.

Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED MARCH 31, 2026

| | Mar 31, 2026
(Un-audited) | Mar 31, 2025
(Un-audited) |
| --- | --- | --- |
| | ---Rupees in Thousands--- | |
| Profit before final taxes and income tax | 1,915,607 | 466,159 |
| Adjustments for: | | |
| Depreciation - own assets | 193,044 | 234,417 |
| Depreciation of right of use assets | 7,354 | 607 |
| Gain on disposal of property and equipment | (24,245) | (980) |
| Foreign exchange loss - net | 64,583 | 9,989 |
| Finance cost | 130,048 | 177,310 |
| Interest income | (183,656) | (427,507) |
| Effect of discounting of long term contract assets | (5,108) | - |
| Employee share option compensation expense | - | 4,349 |
| Provision for expected credit losses | 36,212 | 178,547 |
| | 218,232 | 176,732 |
| Operating profit before working capital changes | 2,133,839 | 642,891 |
| Decrease / (Increase) in current assets | | |
| Trade debts | (2,890,329) | 682,932 |
| Contract assets | (1,488,804) | (816,835) |
| Loans and advances | (78,528) | 50,012 |
| Deposits and short term prepayments | 83,535 | (105,850) |
| Other receivables | 18,792 | (63,316) |
| Due from related parties | 23,720 | 203,562 |
| (Decrease) / Increase in current liabilities | | |
| Trade and other payables | (104,051) | 194,627 |
| Contract liabilities | 2,137,672 | (1,245,825) |
| Cash Used in Operations | (2,297,993) | (1,100,693) |
| Levy / final tax paid | (177,377) | (212,449) |
| Dividend paid | (93) | (262,782) |
| | (177,470) | (475,231) |
| Net cash used in Operating Activities | (341,624) | (933,033) |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Payment for acquisition of property and equipment | (363,005) | (177,550) |
| Proceeds from disposal of property and equipment | 26,041 | 1,005 |
| Expenditure on internally generated intangibles | (290,448) | - |
| Short term investments | (400,000) | (200,000) |
| Advance against capital expenditure | 19,333 | (64,545) |
| Interest received | 169,951 | 427,507 |
| Net Cash used in Investing Activities | (838,128) | (13,583) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Acquisition of treasury shares | - | (419,988) |
| Share deposit money | 109,060 | (13) |
| Repayment of lease liabilities | (19,478) | (1,017) |
| Received against lease liabilities | 38,735 | - |
| Long term financing obtained | 106,608 | (11,791) |
| Repayment of long term financing | (27,366) | - |
| Short term borrowing - net | (133,798) | 443,742 |
| Long term advances - net | 9,749 | 2,565 |
| Net Cash generated from Financing Activities | 83,510 | 13,498 |
| Net decrease in Cash and Cash Equivalents | (1,096,242) | (933,118) |
| Net foreign exchange difference | (14,160) | 342 |
| Cash and cash equivalents at the beginning of the period | 3,767,897 | 4,669,162 |
| Cash and Cash Equivalents at the End of the Period | 2,657,495 | 3,736,386 |

COMPANY SECRETARY
NetSol Technologies Limited
L

Lahore
Karachi
Encino
Austin
London
Horsham
Sydney
Beijing
Tianjin
Bangkok
Jakarta
Dubai
Pakistan
Pakistan
USA
USA
UK
UK
Australia
China
China
Thailand
Indonesia
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Particulars Share Capital Reserves Total Reserves Share Deposit Money Total Equity
Capital Reserve Revenue Reserve
Share Premium Employee Share Option Compensation Reserve Treasury Share Reserve Foreign Currency Translation Reserve Unappropriated Profit
Balance as at June 30, 2024 898,369 304,167 265,445 (184,739) 544 8,822,648 9,208,065 13 10,106,447
Net profit for the period - - - - - 278,862 278,862 - 278,862
Other comprehensive income for the period - - - - 344 - 344 - 344
Total comprehensive income for the period - - - - 344 278,862 279,206 - 279,206
Transactions with owners of the equity
Dividend paid - - - - - (263,511) (263,511) - (263,511)
Acquisition of treasury shares - - - (419,988) - - (419,988) - (419,988)
Employee share option reserve - - 4,349 - - - 4,349 - 4,349
Share deposit money received - net - - - - - - - (12) (12)
Balance as at March 31, 2025 898,369 304,167 269,794 (604,727) 888 8,837,999 8,808,121 - 9,706,460
Balance as at June 30, 2025 898,369 304,167 269,795 (604,727) 9,181 9,944,402 9,922,818 3,868 10,825,055
Net profit for the period - - - - - 1,668,712 1,668,712 - 1,668,712
Other comprehensive income for the period - - - - (16,146) - (16,146) - (16,146)
Total comprehensive income for the period - - - - (16,146) 1,668,712 1,652,566 - 1,652,566
Transactions with owners of the equity
Re-issue of treasury shares against stock options to employees - 418 (21,398) 133,371 - - 112,391 (112,391) -
Share deposit money received - net - - - - - - - 109,060 109,060
Balance as at March 31, 2026 898,369 304,585 248,397 (471,356) (6,965) 11,613,114 11,687,775 537 12,586,681

img-4.jpeg

Lahore
Pakistan
Karachi
Pakistan
Encino
USA
Austin
USA
London
UK
Horsham
UK
Sydney
Australia
Beijing
China
Tianjin
China
Bangkok
Thailand
Jakarta
Indonesia
Dubai
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM UN-CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE NINE MONTHS & QUARTER ENDED MARCH 31, 2026

Nine Months Ended March 31, Quarter Ended March 31,
2026 2025 2026 2025
(Un-audited) (Un-audited)
--- Rupees in Thousands --- --- Rupees in Thousands ---
Revenue from contracts with customers - net 7,882,478 6,441,084 3,247,132 2,287,062
Cost of revenue (4,269,763) (3,995,822) (1,314,204) (1,428,632)
Gross Profit 3,612,715 2,445,262 1,932,928 858,430
Selling and promotional expenses (715,460) (604,809) (262,836) (211,537)
Administrative expenses (1,171,168) (1,103,776) (382,243) (353,515)
(1,886,628) (1,708,585) (645,079) (565,052)
Operating Profit 1,726,087 736,677 1,287,849 293,378
Other operating expenses (255,413) (458,889) (71,226) (204,320)
Finance cost (134,610) (180,729) (40,189) (51,272)
Other income 230,708 436,885 66,546 178,266
(159,315) (202,733) (44,869) (77,326)
Profit before Final Taxes and Income Tax 1,566,772 533,944 1,242,980 216,052
Final tax / levies (172,480) (186,992) (116,113) (38,607)
Profit before Income Tax 1,394,292 346,952 1,126,867 177,445
Income tax - - - -
Net Profit for the Period 1,394,292 346,952 1,126,867 177,445
Earnings Per Share - Basic and Diluted
- Basic 16.18 3.98 13.01 2.06
- Diluted 16.03 3.92 12.94 2.03

img-5.jpeg
COMPANY SECRETARY

img-6.jpeg

Lahore
Karachi
Encino
Austin
London
Horsham
Sydney
Beijing
Tianjin
Bangkok
Jakarta
Dubai
Pakistan
Pakistan
USA
USA
UK
UK
Australia
China
China
Thailand
Indonesia
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM UN-CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT MARCH 31, 2026

| | March 31
2026 | June 30
2025 |
| --- | --- | --- |
| | (Un-audited) | (Audited) |
| | ---Rupees in Thousands--- | |
| ASSETS | | |
| Non Current Assets | | |
| Property and equipment | 1,303,501 | 1,225,066 |
| Intangible assets | 290,448 | - |
| Long term investments | 537,218 | 537,218 |
| Long term contract assets | 621,322 | 20,846 |
| Long term loans to employees | 7,180 | 8,590 |
| | 2,759,669 | 1,791,720 |
| Current Assets | | |
| Trade debts | 8,581,024 | 5,740,008 |
| Contract assets | 2,716,604 | 1,997,736 |
| Loans and advances | 121,250 | 42,041 |
| Deposits and short term prepayments | 139,229 | 226,057 |
| Other receivables | 113,414 | 127,085 |
| Due from related parties | 636,417 | 362,685 |
| Prepaid tax asset | 5,712 | 70,468 |
| Short term investments | 600,000 | 200,000 |
| Cash and bank balances | 2,208,483 | 3,696,726 |
| | 15,122,133 | 12,462,806 |
| Total Assets | 17,881,802 | 14,254,526 |
| EQUITY AND LIABILITIES | | |
| Share Capital and Reserves | | |
| Authorized share capital | | |
| 200,000(June 30, 2025: 200,000) ordinary shares of Rs. 10 each | 2,000,000 | 2,000,000 |
| Issued, subscribed and paid up capital | 898,369 | 898,369 |
| Reserves | 11,522,757 | 10,016,074 |
| Share deposit money | 537 | 3,868 |
| Shareholders' Equity | 12,421,663 | 10,918,311 |
| Non Current Liabilities | | |
| Long term financing | 68,219 | 13,343 |
| Long term advances | 15,164 | 5,415 |
| | 83,383 | 18,758 |
| Current Liabilities | | |
| Trade and other payables | 901,987 | 972,870 |
| Contract liabilities | 2,250,675 | 151,621 |
| Short term borrowings | 2,180,000 | 2,180,000 |
| Current portion of long term financing | 39,649 | 8,428 |
| Unclaimed dividend | 4,445 | 4,538 |
| | 5,376,756 | 3,317,457 |
| Contingencies and commitments | - | - |
| Total Equity and Liabilities | 17,881,802 | 14,254,526 |

COMPANY SECRETARY
NetSol Technologies Limited
A member of Group Executive Group Limited is a member of Group Executive Group Limited.

Lahore
Karachi
Encin
Austin
London
Horsham
Sydney
Beijing
Tianjin
Bangkok
Jakarta
Dubai
Pakistan
Pakistan
USA
USA
UK
UK
Australia
China
China
Thailand
Indonesia
UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM UN-CONSOLIDATED STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

| | March 31
2026 | March 31
2025 |
| --- | --- | --- |
| | ---Rupees in Thousands--- | |
| Profit before final taxes and income tax | 1,566,772 | 533,944 |
| Adjustments for: | | |
| Depreciation - own assets | 190,369 | 231,624 |
| Depreciation of right of use assets | - | 607 |
| Gain on disposal of property and equipment | (24,245) | (980) |
| Foreign exchange loss - net | 42,201 | 10,395 |
| Finance cost | 130,048 | 177,310 |
| Interest income | (199,780) | (434,215) |
| Effect of discounting of long term contract assets | (5,108) | - |
| Employee share option compensation expense | - | 4,349 |
| Provision for expected credit losses | 36,212 | 178,547 |
| | 169,697 | 167,637 |
| Operating profit before working capital changes | 1,736,469 | 701,581 |
| Decrease / (Increase) in current assets | | |
| Trade debts | (2,800,520) | 683,144 |
| Contract assets | (1,431,996) | (749,190) |
| Loans and advances | (77,799) | 44,818 |
| Deposits and short term prepayments | 86,828 | (106,486) |
| Other receivables | 27,376 | (63,124) |
| Due from related parties | (273,732) | 106,038 |
| (Decrease) / Increase in current liabilities | | |
| Trade and other payables | (61,711) | 163,964 |
| Contract liabilities | 2,099,338 | (1,264,053) |
| Cash used in Operations | (2,432,216) | (1,184,889) |
| Levy / final tax paid | (107,724) | (212,204) |
| Dividend paid | (93) | (262,782) |
| | (107,817) | (474,986) |
| Net cash used in Operating Activities | (803,564) | (958,294) |
| CASH FLOWS FROM INVESTING ACTIVITIES | | |
| Payment for acquisition of property and equipment | (289,933) | (176,987) |
| Proceeds from disposal of property and equipment | 26,041 | 1,005 |
| Expenditure on internally generated intangibles | (290,448) | - |
| Short term investments | (400,000) | (200,000) |
| Advance against capital expenditure | 19,333 | (64,545) |
| Interest received | 186,075 | 434,215 |
| Net cash used in Investing Activities | (748,932) | (6,312) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | |
| Acquisition of treasury shares | - | (419,988) |
| Share deposit money - net | 109,060 | (13) |
| Repayment of lease liabilities | - | (1,017) |
| Long term financing obtained | 106,608 | (12,043) |
| Repayment of long term financing | (27,366) | - |
| Short term borrowing - net | (133,798) | 443,994 |
| Long term advances - net | 9,749 | 2,565 |
| Net cash generated from Financing Activities | 64,253 | 13,498 |
| Net decrease in Cash and Cash Equivalents | (1,488,243) | (951,108) |
| Cash and cash equivalents at the beginning of the period | 3,696,726 | 4,647,055 |
| Cash and Cash Equivalents at the End of the Period | 2,208,483 | 3,695,947 |

Company Secretary

L

Lahore

Pakistan

Karachi

Pakistan

Encino

USA

Austin

USA

London

UK

Horsham

UK

Sydney

Australia

Beijing

China

Tianjin

China

Bangkok

Thailand

Jakarta

Indonesia

Dubai

UAE


NETSOL Technologies Ltd.
NETSOL IT Village (Software Technology Park), Lahore Ring Road, Ghazi Road Interchange, Lahore
Cantt. 54792, Pakistan.
Email: [email protected]
Phone: +92 42 111-44-88-00
Web: www.netsolpk.com

CONDENSED INTERIM UN-CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Particulars Share Capital Reserves Total Reserves Share Deposit Money Total Equity
Capital Reserve Revenue Reserve
Share Premium Employee Share Option Compensation Reserve Treasury Share Reserve Unappropriated Profit
Rupees in Thousands
Balance as at June 30, 2024 898,369 304,167 264,787 (184,739) 9,280,082 9,664,297 13 10,562,679
Net profit for the period - - - - 346,952 346,952 - 346,952
Other comprehensive income for the period - - - - - - - -
Total comprehensive income for the period - - - - 346,952 346,952 - 346,952
Transactions with owners of the equity
Payment of final dividend for the period ended June 30, 2024 (263,511) (263,511) - (263,511)
Acquisition of treasury shares (419,988) (419,988) (419,988)
Share deposit money received - net - (13) (13)
Employee share option reserve - - 4,349 - - 4,349 - 4,349
Balance as at March 31, 2025 898,369 304,167 269,136 (604,727) 9,363,523 9,332,099 - 10,230,468
Balance as at June 30, 2025 898,369 304,167 269,136 (604,727) 10,047,498 10,016,074 3,868 10,918,311
Net profit for the period - - - - 1,394,292 1,394,292 - 1,394,292
Other comprehensive income for the period - - - - - - - -
Total comprehensive income for the period - - - - 1,394,292 1,394,292 - 1,394,292
Transactions with owners of the equity
Re-issue of treasury shares against stock options to employees - 418 (21,398) 133,371 - 112,391 (112,391) -
Share deposit money received - net - - - - - - 109,060 109,060
Balance as at March 31, 2026 898,369 304,585 247,738 (471,356) 11,441,790 11,522,757 537 12,421,663

img-7.jpeg
COMPANY SECRETARY

img-8.jpeg

Lahore
Karachi
Encino
Austin
London
Horsham
Sydney
Beijing
Tianjin
Bangkok
Jakarta
Dubai
Pakistan
Pakistan
USA
USA
UK
UK
Australia
China
China
Thailand
Indonesia
UAE