NetSol Technologies Inc

NETSOL Technologies reported record fourth-quarter fiscal 2026 revenues of $20.7 million, up 12.5% from $18.4 million a year earlier, with GAAP net income attributable to NETSOL rising 45.9% to $3.8 million, or 32 cents per share, from $2.6 million and 22 cents. Subscription and support revenues advanced 9% year over year to $8.9 million, while services revenues climbed 21.3% to $11.7 million, lifting gross profit 27.3% to $13.2 million and expanding gross margin to 63.6% from 56.2%. Operating income rose 40.2% to $4.5 million, with operating margin improving to 21.6% from 17.4%, though non-GAAP EBITDA was unchanged at $4.7 million. At June 30, 2026, remaining performance obligations stood at $49.1 million, with $22.5 million expected to be recognized as revenues over the following 12 months, and the company introduced a contracted-revenue metric of approximately $60 million at fiscal year-end. Cash and cash equivalents totaled $27.1 million, up 56.3% from $17.4 million a year earlier, while working capital was $29.2 million and total debt and finance lease obligations were $8.4 million. For fiscal 2027, NETSOL expects net revenues to grow 13-16% from fiscal 2026, with gross margin projected at 50% or better and consolidated adjusted EBITDA expected to increase 15-25% to $10.5-$11.4 million.

NETSOL Technologies announced the go-live of its Transcend Retail platform across three new US dealer partners: Steve Hahn Auto Group, Atlanta Autos and Royal Coach RV. Steve Hahn Auto Group is a multi-brand dealer group headquartered in Yakima, Washington, operating Mercedes-Benz, Volkswagen and Trucks Plus locations. Atlanta Autos, part of Gravity Autos, is an Atlanta-based luxury and exotic vehicle dealership with a digital-first operating model. Royal Coach RV is a recreational vehicle dealer in Bakersfield, California, positioning itself as one of the few RV dealers offering a fully digital retail experience. NETSOL CEO Najeeb Ghauri stated that the deployments reflect a broader market shift where a connected, transparent and digital-first retail experience has become a baseline expectation across all dealer segments.

NETSOL Technologies has entered a strategic partnership with Stockholm-based fintech advisory Applicon Financial Solutions to accelerate its expansion in the Nordic region. The collaboration will combine NETSOL’s Transcend Finance platform and four decades of asset finance expertise with Applicon’s local market knowledge and transformation consulting capabilities. Applicon will provide strategic advisory, market development, and client engagement services to support NETSOL’s growth among banks, finance companies, and specialist lenders across the Nordics. NETSOL already has a footprint in the market through years of work with a leading regional bank. The partnership is part of NETSOL’s broader European growth strategy and aims to help Nordic institutions modernize core technology platforms amid rising regulatory complexity and customer expectations.