Cash flow Netsol Technologies Limited

Stocks

NETSOL

PK0084201018

Software

End-of-day quote Pakistan S.E. Other stock markets 11/06/2026			5-day change	1st Jan Change
127.92 ^PKR	-0.54%		-0.25%	-5.03%

04/05	Netsol Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI
09/04	Netsol Technologies Renews Multi-Million-Dollar Agreement with Tier-One Multinational Bank in the United Kingdom	CI

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Published financial data: NETSOL TECHNOLOGIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	4.95B	6.19B	7.79B	9.58B	9.91B
Total Revenues	4.95B	6.19B	7.79B	9.58B	9.91B
Cost of Goods Sold, Total	3.15B	4.1B	5.64B	5.43B	5.58B
Gross Profit	1.8B	2.08B	2.15B	4.14B	4.33B
Selling General & Admin Expenses, Total	1.31B	1.56B	2.15B	2.36B	2.58B
Other Operating Expenses	168M	322M	541M	541M	961M
Other Operating Expenses, Total	1.48B	1.88B	2.69B	2.9B	3.54B
Operating Income	324M	199M	-538M	1.25B	786M
Interest Expense, Total	-57.58M	-57.97M	-185M	-310M	-223M
Interest And Investment Income	150M	282M	296M	515M	491M
Net Interest Expenses	92.74M	224M	111M	205M	268M
Income (Loss) On Equity Invest.	-27.2M	-166M	-33.69M	-	-
Currency Exchange Gains (Loss)	-120M	791M	1.7B	-327M	316M
Other Non Operating Income (Expenses)	2.07M	-376K	-3.65M	49.59M	2.66M
EBT, Excl. Unusual Items	272M	1.05B	1.24B	1.17B	1.37B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-8.54M	-35.13M	-6.18M	28.74M	12.54M
EBT, Incl. Unusual Items	263M	1.01B	1.23B	1.2B	1.39B
Income Tax Expense	70.39M	140M	193M	-	-
Earnings From Continuing Operations	193M	872M	1.04B	1.2B	1.39B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	193M	872M	1.04B	1.2B	1.39B
Minority Interest	-	-	-	-	-
Net Income - (IS)	193M	872M	1.04B	1.2B	1.39B
Net Income to Common Incl Extra Items	193M	872M	1.04B	1.2B	1.39B
Net Income to Common Excl. Extra Items	193M	872M	1.04B	1.2B	1.39B
Per Share Items
Net EPS - Basic	2.15	9.73	11.82	13.7	15.97
Basic EPS - Continuing Operations	2.15	9.73	11.82	13.7	15.97
Basic Weighted Average Shares Outstanding	89.84M	89.64M	87.84M	87.84M	86.72M
Net EPS - Diluted	2.15	9.72	11.79	13.59	15.74
Diluted EPS - Continuing Operations	2.15	9.72	11.79	13.59	15.74
Diluted Weighted Average Shares Outstanding	89.84M	89.72M	88.08M	88.55M	88.03M
Normalized Basic EPS	1.89	7.3	8.81	8.36	9.89
Normalized Diluted EPS	1.89	7.3	8.78	8.29	9.75
Dividend Per Share	-	-	-	3	-
Payout Ratio	0.86	0.03	0.01	-	18.97
Supplemental Items
EBITDA	540M	451M	-197M	1.53B	1.03B
EBITA	324M	199M	-538M	1.25B	786M
EBIT	324M	199M	-538M	1.25B	786M
EBITDAR	-	467M	-178M	-	-
Effective Tax Rate - (Ratio)	26.73	13.83	15.66	-	-
Current Domestic Taxes	68.62M	140M	192M	-	-
Total Current Taxes	68.62M	140M	192M	-	-
Normalized Net Income	170M	655M	773M	734M	858M
Interest on Long-Term Debt	3.69M	3.53M	20.92M	926K	45K
Supplemental Operating Expense Items
Advertising Expense	3.53M	15.89M	32.75M	36.72M	42.27M
Selling and Marketing Expenses	548M	563M	778M	955M	1.15B
General and Administrative Expenses	760M	981M	1.35B	1.4B	1.44B
Research And Development Expense From Footnotes	363M	512M	667M	408M	345M
Net Rental Expense, Total	-	15.17M	19.06M	-	-
Imputed Operating Lease Interest Expense	-	3.84M	16.66M	-	-
Imputed Operating Lease Depreciation	-	11.33M	2.4M	-	-
Maintenance & Repair Expenses, Total	-	-	-	40.84M	25.05M
Stock-Based Comp., G&A Exp. (Total)	-	7.55M	-	-	-
Stock-Based Comp., Other (Total)	18.77M	-	21.48M	11.09M	4.35M
Total Stock-Based Compensation	18.77M	7.55M	21.48M	11.09M	4.35M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.8B	3.79B	2.63B	4.67B	3.77B
Short Term Investments	-	-	-	-	200M
Total Cash And Short Term Investments	3.8B	3.79B	2.63B	4.67B	3.97B
Accounts Receivable, Total	2.81B	4.28B	7.64B	7.11B	8.41B
Other Receivables	467M	457M	497M	561M	300M
Notes Receivable	2.34M	6.96M	6.57M	19.37M	15.29M
Total Receivables	3.28B	4.75B	8.15B	7.7B	8.73B
Prepaid Expenses	80.39M	51.33M	124M	148M	242M
Other Current Assets, Total	20.6M	36.39M	65.5M	110M	49.25M
Total Current Assets	7.18B	8.63B	10.97B	12.62B	12.99B
Gross Property Plant And Equipment	3.62B	3.29B	2.91B	2.83B	3.03B
Accumulated Depreciation	-2.06B	-1.72B	-1.51B	-1.7B	-1.93B
Net Property Plant And Equipment	1.56B	1.57B	1.4B	1.13B	1.11B
Long-term Investments	179M	-	-	-	-
Other Intangibles, Total	675M	381M	165M	88.96M	121M
Accounts Receivable Long-Term	-	-	-	52.64M	143M
Loans Receivable Long-Term	3.55M	8.06M	4.39M	22.86M	8.59M
Other Long-Term Assets, Total	3M	4.08M	-	3.13M	-
Total Assets	9.59B	10.59B	12.53B	13.92B	14.36B
Liabilities
Accounts Payable, Total	18.63M	78.41M	26.65M	29.04M	19.61M
Accrued Expenses, Total	355M	456M	730M	659M	776M
Short-term Borrowings	1.58B	1.58B	1.58B	1.58B	2.18B
Current Portion of Long-Term Debt	174M	86.18M	42.57M	13.12M	8.43M
Current Portion of Leases	20.26M	42.33M	3.36M	972K	-
Unearned Revenue Current, Total	199M	359M	1.12B	1.45B	153M
Other Current Liabilities	33.6M	96.98M	67.05M	79.54M	383M
Total Current Liabilities	2.38B	2.7B	3.57B	3.81B	3.52B
Long-Term Debt	86.89M	-	49.63M	2.7M	13.34M
Long-Term Leases	11.14M	92.53M	971K	-	-
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	16.68M	2M	5.42M
Total Liabilities	2.48B	2.79B	3.64B	3.81B	3.54B
Common Stock, Total	898M	878M	898M	898M	898M
Additional Paid In Capital	304M	304M	304M	304M	304M
Retained Earnings	5.71B	6.42B	7.62B	8.82B	9.94B
Treasury Stock	-	-	-185M	-185M	-605M
Comprehensive Income and Other	204M	199M	255M	266M	283M
Total Common Equity	7.12B	7.8B	8.89B	10.11B	10.83B
Minority Interest	-	-	-	-	-
Total Equity	7.12B	7.8B	8.89B	10.11B	10.83B
Total Liabilities And Equity	9.59B	10.59B	12.53B	13.92B	14.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	89.84M	87.84M	87.84M	87.84M	85.15M
ECS Total Common Shares Outstanding	89.84M	87.84M	87.84M	87.84M	85.15M
Book Value / Share	79.21	88.78	101.24	115.06	127.13
Tangible Book Value	6.44B	7.42B	8.73B	10.02B	10.7B
Tangible Book Value Per Share	71.7	84.44	99.36	114.05	125.71
Total Debt	1.87B	1.8B	1.68B	1.6B	2.2B
Net Debt	-1.92B	-1.99B	-957M	-3.07B	-1.77B
Debt Equivalent Oper. Leases	-	121M	152M	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	179M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	254M	254M	254M	254M	254M
Buildings, Total	953M	953M	953M	953M	953M
Machinery, Total	2.26B	2.02B	1.69B	1.61B	1.77B
Full Time Employees	1.28K	1.52K	1.51K	1.14K	1.22K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	330M	191M	356M	281M	328M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	193M	872M	1.04B	1.2B	1.39B
Depreciation & Amortization - CF	236M	265M	343M	283M	244M
Depreciation & Amortization, Total	236M	265M	343M	283M	244M
Amortization of Deferred Charges, Total - (CF)	294M	318M	346M	104M	73.01M
(Gain) Loss From Sale Of Asset	8.54M	35.13M	6.18M	-28.74M	-12.54M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	27.2M	166M	33.69M	-	-
Stock-Based Compensation (CF)	18.77M	7.55M	21.48M	11.09M	4.35M
Provision and Write-off of Bad Debts	98.79M	104M	168M	-51.76M	330M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-42.88M	-1.07B	-1.96B	93.33M	-575M
Change In Accounts Receivable	709M	-783M	-1.83B	228M	-1.4B
Change In Accounts Payable	201M	218M	154M	-39.68M	405M
Change in Unearned Revenues	-	160M	766M	322M	-1.29B
Change in Other Net Operating Assets	-134M	-1.17M	-132M	-136M	230M
Cash from Operations	1.61B	294M	-1.04B	1.99B	-610M
Capital Expenditure	-320M	-356M	-390M	-123M	-327M
Sale of Property, Plant, and Equipment	19.5M	16.7M	86.48M	105M	15.81M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-200M
Other Investing Activities, Total	150M	282M	296M	515M	498M
Cash from Investing	-150M	-57.38M	-7.55M	497M	-12.45M
Short Term Debt Issued, Total	200M	-	-	-	391M
Long-Term Debt Issued, Total	56.25M	17.07M	8.7M	-	7.5M
Total Debt Issued	256M	17.07M	8.7M	-	399M
Short Term Debt Repaid, Total	-	-	-	-339M	-
Long-Term Debt Repaid, Total	-42.39M	-69.89M	-125M	-110M	-1.02M
Total Debt Repaid	-42.39M	-69.89M	-125M	-449M	-1.02M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-185M	-	-	-420M
Common Dividends Paid	-1.65M	-275K	-111K	-	-263M
Common & Preferred Stock Dividends Paid	-1.65M	-275K	-111K	-	-263M
Other Financing Activities, Total	8.02M	-	-	-	3.86M
Cash from Financing	220M	-238M	-116M	-449M	-281M
Foreign Exchange Rate Adjustments	-	-	925K	-395K	2.63M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-	-
Net Change in Cash	1.68B	-1.27M	-1.16B	2.04B	-901M
Supplemental Items
Cash Interest Paid	67.42M	69.23M	140M	30K	-
Cash Income Tax Paid (Refund)	70.31M	124M	198M	203M	271M
Levered Free Cash Flow	1.39B	-752M	-2.75B	1.51B	-1.6B
Unlevered Free Cash Flow	1.43B	-716M	-2.64B	1.7B	-1.46B
Change In Net Working Capital	-998M	1.08B	2.62B	-647M	1.95B
Net Debt Issued / Repaid	214M	-52.82M	-116M	-449M	398M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.17	1.23	-2.91	5.89	3.47
Return on Total Capital	2.31	1.34	-3.35	7	3.97
Return On Equity %	2.75	11.7	12.44	12.66	13.24
Return on Common Equity	2.75	11.7	12.44	12.66	13.24
Margin Analysis
Gross Profit Margin %	36.39	33.63	27.6	43.27	43.7
SG&A Margin	26.44	25.21	27.56	24.6	26.06
EBITDA Margin %	10.92	7.3	-2.53	15.95	10.39
EBITA Margin %	6.55	3.22	-6.9	13.02	7.93
EBIT Margin %	6.55	3.22	-6.9	13.02	7.93
Income From Continuing Operations Margin %	3.9	14.1	13.33	12.56	13.98
Net Income Margin %	3.9	14.1	13.33	12.56	13.98
Net Avail. For Common Margin %	3.9	14.1	13.33	12.56	13.98
Normalized Net Income Margin	3.43	10.58	9.93	7.66	8.66
Levered Free Cash Flow Margin	28.14	-12.16	-35.34	15.74	-16.15
Unlevered Free Cash Flow Margin	28.87	-11.57	-33.86	17.77	-14.74
Asset Turnover
Asset Turnover	0.53	0.61	0.67	0.72	0.7
Fixed Assets Turnover	3.24	3.96	5.25	7.59	8.85
Receivables Turnover (Average Receivables)	1.48	1.74	1.31	1.3	1.28
Short Term Liquidity
Current Ratio	3.02	3.2	3.07	3.31	3.69
Quick Ratio	2.97	3.16	3.01	3.24	3.6
Operating Cash Flow to Current Liabilities	0.68	0.11	-0.29	0.52	-0.17
Days Sales Outstanding (Average Receivables)	245.91	209.37	279.45	281.89	286.04
Average Days Payable Outstanding	3.01	4.31	3.4	1.88	1.59
Long Term Solvency
Total Debt/Equity	26.31	23.1	18.85	15.8	20.34
Total Debt / Total Capital	20.83	18.76	15.86	13.64	16.9
LT Debt/Equity	1.38	1.19	0.57	0.03	0.12
Long-Term Debt / Total Capital	1.09	0.96	0.48	0.02	0.1
Total Liabilities / Total Assets	25.83	26.36	29.05	27.39	24.64
EBIT / Interest Expense	5.63	3.44	-2.9	4.02	3.52
EBITDA / Interest Expense	9.73	8.01	-1.05	4.94	4.61
(EBITDA - Capex) / Interest Expense	4.17	1.87	-3.15	4.54	3.15
Total Debt / EBITDA	3.34	3.88	-8.63	1.04	2.14
Net Debt / EBITDA	-3.43	-4.29	4.92	-2.01	-1.71
Total Debt / (EBITDA - Capex)	7.8	16.64	-2.87	1.13	3.13
Net Debt / (EBITDA - Capex)	-8.01	-18.41	1.64	-2.18	-2.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.08	25.02	25.91	23.01	3.4
Gross Profit, 1 Yr. Growth %	14.97	15.55	3.31	98.27	4.45
EBITDA, 1 Yr. Growth %	121.85	-13.61	-143.63	-492	-34.36
EBITA, 1 Yr. Growth %	382.22	-38.52	-369.91	-270.8	-38.99
EBIT, 1 Yr. Growth %	382.22	-38.52	-369.91	-270.8	-37.01
Earnings From Cont. Operations, 1 Yr. Growth %	337.42	352.07	19.05	15.85	15.15
Net Income, 1 Yr. Growth %	435.64	352.07	19.05	15.85	15.15
Normalized Net Income, 1 Yr. Growth %	43.2	285.26	18.14	12.41	16.9
Diluted EPS Before Extra, 1 Yr. Growth %	436.97	352.54	21.3	15.27	15.82
Accounts Receivable, 1 Yr. Growth %	-27	52.25	78.43	-6.91	18.23
Net Property, Plant and Equip., 1 Yr. Growth %	3.61	0.84	-10.96	-19.15	-2.31
Total Assets, 1 Yr. Growth %	5.54	10.38	18.35	11.05	3.19
Tangible Book Value, 1 Yr. Growth %	8.46	15.15	17.67	14.78	6.85
Common Equity, 1 Yr. Growth %	3.01	9.59	14.04	13.65	7.11
Cash From Operations, 1 Yr. Growth %	-2.1K	-81.74	-453.29	-321.28	-130.7
Capital Expenditures, 1 Yr. Growth %	205.13	11.22	9.67	-68.52	165.85
Levered Free Cash Flow, 1 Yr. Growth %	-1.53K	-153.65	308.44	-152.49	-206.05
Unlevered Free Cash Flow, 1 Yr. Growth %	-2.2K	-149.78	313.49	-161.73	-185.78
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.19	14.62	25.46	24.45	12.78
Gross Profit, 2 Yr. CAGR %	-6.74	15.26	9.27	41.14	43.9
EBITDA, 2 Yr. CAGR %	-1.57	36.17	-38.6	83.98	62.51
EBITA, 2 Yr. CAGR %	-5.55	72.18	28.81	150.28	3.72
EBIT, 2 Yr. CAGR %	-5.55	72.18	28.81	150.28	3.72
Earnings From Cont. Operations, 2 Yr. CAGR %	-61.33	344.68	131.99	17.44	15.5
Net Income, 2 Yr. CAGR %	-60.98	392.08	131.99	17.44	15.5
Normalized Net Income, 2 Yr. CAGR %	-54.54	134.88	113.34	5.88	14.63
Diluted EPS Before Extra, 2 Yr. CAGR %	-60.98	392.95	134.29	18.24	15.54
Accounts Receivable, 2 Yr. CAGR %	-16.62	5.42	64.82	28.88	4.91
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.14	2.21	-5.24	-15.16	-11.01
Total Assets, 2 Yr. CAGR %	0.76	7.93	14.3	14.65	7.05
Tangible Book Value, 2 Yr. CAGR %	5.31	11.76	16.4	16.22	10.75
Common Equity, 2 Yr. CAGR %	0.15	6.25	11.79	13.84	10.33
Cash From Operations, 2 Yr. CAGR %	765.67	90.9	-19.67	160.07	-17.58
Capital Expenditures, 2 Yr. CAGR %	4.27	84.22	10.44	-41.25	-8.52
Levered Free Cash Flow, 2 Yr. CAGR %	111.68	177.79	40.12	49.6	-25.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	123.2	224.16	35.41	63.37	-27.23
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.91	4.7	18.26	24.64	17
Gross Profit, 3 Yr. CAGR %	-2.1	0.17	11.14	32.04	27.66
EBITDA, 3 Yr. CAGR %	-15.09	-6.79	-6.82	43	31.63
EBITA, 3 Yr. CAGR %	-19.56	-18.14	100.01	56.74	58.02
EBIT, 3 Yr. CAGR %	-19.56	-18.14	100.01	56.74	58.02
Earnings From Cont. Operations, 3 Yr. CAGR %	-43.07	-12.24	186.6	84.05	16.67
Net Income, 3 Yr. CAGR %	-44.11	-11.71	206.62	84.05	16.67
Normalized Net Income, 3 Yr. CAGR %	-36.02	-7.32	86.79	62.85	9.43
Diluted EPS Before Extra, 3 Yr. CAGR %	-42.36	-11.68	208.9	84.96	17.43
Accounts Receivable, 3 Yr. CAGR %	0.26	1.91	25.64	36.24	25.23
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.37	-0.49	-2.38	-10.13	-10.99
Total Assets, 3 Yr. CAGR %	1.94	3.87	11.3	13.21	10.69
Tangible Book Value, 3 Yr. CAGR %	6.97	8.49	13.69	15.86	13.01
Common Equity, 3 Yr. CAGR %	1.14	3.2	8.78	12.41	11.55
Cash From Operations, 3 Yr. CAGR %	0.97	139.21	134.38	7.3	27.57
Capital Expenditures, 3 Yr. CAGR %	23.58	6.54	54.97	-27.32	-2.82
Levered Free Cash Flow, 3 Yr. CAGR %	41.6	34.26	204.53	2.47	33.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	40.33	35.66	238.26	5.78	31.8
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.96	9.52	12.69	12.19	16.04
Gross Profit, 5 Yr. CAGR %	6.85	11.58	2.3	14.9	22.55
EBITDA, 5 Yr. CAGR %	-8.77	0.08	-25.91	22.34	33.42
EBITA, 5 Yr. CAGR %	-5.73	15.09	-2.89	28	63.54
EBIT, 5 Yr. CAGR %	-5.73	15.09	-2.89	28	63.54
Earnings From Cont. Operations, 5 Yr. CAGR %	-8.99	59.44	-0.14	-1.4	99.25
Net Income, 5 Yr. CAGR %	8.26	34.76	-1.24	-1.04	107.49
Normalized Net Income, 5 Yr. CAGR %	36.02	136.75	3.57	-2.25	48.53
Diluted EPS Before Extra, 5 Yr. CAGR %	8.33	184.96	1	-0.75	108.44
Accounts Receivable, 5 Yr. CAGR %	4.01	10.4	22.32	11.95	16.9
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.13	-2.61	-2.94	-6.64	-5.93
Total Assets, 5 Yr. CAGR %	5.73	6.36	6.71	8.05	9.58
Tangible Book Value, 5 Yr. CAGR %	15.18	13.81	10.65	11.52	12.51
Common Equity, 5 Yr. CAGR %	4.86	5.94	5.27	7.33	9.4
Cash From Operations, 5 Yr. CAGR %	249.85	-14.18	-7.85	147.35	49.89
Capital Expenditures, 5 Yr. CAGR %	11.65	33.88	18.14	-16.03	25.51
Levered Free Cash Flow, 5 Yr. CAGR %	43.68	17.39	41.2	37.15	75
Unlevered Free Cash Flow, 5 Yr. CAGR %	46.29	15.07	38.53	42.79	84.59
Dividend Per Share, 5 Yr. CAGR %	-	-	-	1.39	-