NetSol Technologies Limited has reported a 70% increase in consolidated net profit for the financial year ended June 30, 2026, with earnings reaching Rs2.35 billion compared with Rs1.39 billion in the previous fiscal year. The company’s latest financial results show significant growth across revenue, gross profit and operating profit, supported primarily by higher core IT contract revenue. NetSol’s basic earnings per share increased to Rs27.25 from Rs15.97 in FY25, while diluted earnings per share rose to Rs27.01 from Rs15.74. Alongside the financial results, the company’s board recommended a final cash dividend of Rs1.50 per share. The performance reflects increased business activity in NetSol’s technology operations and growth in its contracts with customers during FY26.
NetSol’s consolidated net revenue from contracts with customers increased 26% year-on-year to Rs12.51 billion from Rs9.91 billion in FY25. Cost of revenue also increased during the year, rising 14% to Rs6.35 billion, but the increase in revenue helped gross profit rise by 42% to Rs6.16 billion compared with Rs4.35 billion a year earlier. The company reported higher selling and promotional expenses of Rs1.36 billion, an 18% increase, while administrative expenses climbed 35% to Rs1.97 billion. Despite the higher operating expenses, operating profit increased 62% to Rs2.83 billion from Rs1.75 billion in the previous year. The company also benefited from a 47% reduction in other operating expenses and a 28% decline in finance costs, which fell to Rs164.61 million during the period.
The company’s financial performance was achieved despite a substantial decline in other income, which fell 62% to Rs315.57 million from Rs827.93 million in FY25. Finance costs declined to Rs164.61 million from Rs228.42 million, while other operating expenses decreased to Rs356.38 million from Rs674.46 million. Profit before final taxes and income tax increased 57% to Rs2.62 billion, while profit before income tax reached Rs2.35 billion after final taxes and levies of Rs270.71 million. NetSol recorded no corporate income tax for the period in the reported consolidated results. The company’s results also follow strong growth reported during the third quarter of FY26, when quarterly revenue increased 42% year-on-year to Rs3.25 billion and net profit reached Rs1.13 billion.
NetSol’s wider corporate results also point to continued expansion in its international technology business. Its parent company, NETSOL Technologies Inc., reported record fiscal 2026 revenue of $74.4 million, representing 12.5% year-on-year growth, while operating income nearly doubled to $6.9 million. The company said subscription and support revenue increased 8.7% to $35.8 million, while consolidated adjusted EBITDA rose 68.8% to $9.15 million. For fiscal 2027, NETSOL has projected revenue growth of 13% to 16%, gross margin of approximately 50% or higher, and consolidated adjusted EBITDA growth of 15% to 25%. The company said its strategy will focus on recurring revenue, product development, customer delivery, AI-enabled operations and growth across its technology platforms.
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