NETSOL TECHNOLOGIES INC

NETSOL Technologies, Inc. has announced a strategic partnership with Stockholm-based fintech advisory firm Applicon Financial Solutions. This collaboration is designed to accelerate NETSOL's growth in the Nordic market by helping banks, finance companies, and specialist lenders modernize their core technology platforms. The partnership combines NETSOL's Transcend Finance platform and asset finance expertise with Applicon's deep local knowledge and consulting capabilities, aiming to drive digital transformation and sustainable growth in the region.

NETSOL Technologies announced record financial results for the third quarter of fiscal 2026, with total net revenues increasing 13.0% year-over-year to $19.8 million. Recurring subscription and support revenues grew 11.7% to $8.8 million, and Non-GAAP EBITDA surged 48.2% to $3.4 million. The company also reaffirmed its fiscal 2026 full-year revenue guidance of $73 million, driven by strong customer relationships and the Transcend Platform.

NETSOL Technologies reported mixed financial results for the third quarter and nine months ended March 31, 2026. While total net revenues saw a healthy increase for both periods, net income attributable to NetSol declined in the third quarter and turned into a loss for the nine-month period. The company's balance sheet showed growth in total assets and a significant increase in unearned revenue, indicating future revenue potential, but also an increase in total liabilities.

NETSOL Technologies, Inc. announced it will host a conference call on Thursday, May 14, 2026, to discuss its financial results for the fiscal third quarter ended March 31, 2026. The call is scheduled for 9:00 am Eastern Time and will include a question-and-answer session with management. Investors can access the call via dial-in numbers or a live webcast, with replay options also available.

NetSol Technologies, Inc.'s Pakistani subsidiary, NetSol Technologies, Ltd., announced strong financial results for the second quarter ended March 31, 2026. The subsidiary posted net revenues of PKR 3,247 million, a 42% increase year-over-year, and its gross profit surged by 125% to PKR 1,932 million. Net profit significantly rose to PKR 1,127 million, resulting in a diluted EPS of PKR 12.94. The company noted that these results are for the subsidiary only and are not representative of NetSol Technologies, Inc. on a consolidated basis.

NETSOL Technologies, Inc. filed its definitive proxy statement for its Annual Meeting on June 18, 2026. The CEO's letter highlighted significant business growth, including a $50 million, four-year extension with a global auto captive in FY26. The company achieved full-year profitability in FY25, driven by expanded client relationships, platform adoption, and increased recurring revenue. Strategic initiatives include refining the Transcend Platform, expanding Transcend AI Labs, and launching the AI-driven credit decisioning engine, Check.