Netsol Technologies reports subsidiary results
Investing.com
Published May 01, 2025 10:12AM ET
Thursday, May 1, 2025 – Netsol Technologies Inc. (NASDAQ:NTWK), a global services and enterprise application solutions provider with a market capitalization of $28.4 million and revenue of $62 million in the last twelve months, disclosed the financial results of its Pakistani subsidiary, NetSol Technologies Ltd., for the second quarter ended March 31, 2025. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.15 and is scheduled to report its next earnings on May 8, 2025. The details were made public on the Pakistan Stock Exchange and reflect the performance of only the subsidiary, not the consolidated results of Netsol Technologies Inc.
The company clarified that the information provided in the report is not to be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it to be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, unless explicitly stated in such a filing. InvestingPro analysis reveals that NTWK holds more cash than debt on its balance sheet and maintains liquid assets exceeding short-term obligations, indicating strong financial stability. Subscribers can access 3 additional ProTips and comprehensive financial metrics through the Pro Research Report.
The announcement included an earnings report for NetSol Technologies Ltd. dated April 30, 2025, as Exhibit 99.1. Additionally, the company provided Inline XBRL for the cover page of this Current Report on Form 8-K as Exhibit 104.
The SEC filing also confirmed that the report is not intended to satisfy any filing obligations under specific provisions such as Rule 425 under the Securities Act or Rule 14a-12 under the Exchange Act.
The document was signed by Najeeb Ghauri, Chief Executive Officer, and Roger Almond, Chief Financial Officer of Netsol Technologies, Inc., indicating their authorization and responsibility for the report. The filing was made on Thursday, May 1, 2025, and is based on a press release statement.
In other recent news, NetSol Technologies reported a slight increase in revenue for Q2 FY2025, reaching $15.5 million, up from $15.2 million in the same quarter the previous year. Despite this revenue growth, the company experienced a net loss of $1.1 million, or $0.10 per diluted share, as it continues to invest in AI and North American market expansion. The company's recurring revenues saw a significant rise of 27%, including a $1 million one-time catch-up. In a strategic move, NetSol has secured a contract with a Chinese leasing company to support its expansion into the Indonesian market, deploying its Transcend Finance suite and customized systems to meet local regulatory needs. This partnership marks a greenfield operation, allowing for a fresh start without the constraints of legacy systems. Additionally, NetSol's subsidiary in Pakistan has initiated a buyback of 10 million shares, which could increase the parent company's ownership by approximately 10%. The company continues to focus on enhancing its product offerings with AI technologies, aiming to boost recurring revenue and profitability through strategic investments and partnerships.
Get The News You Want
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.