Netsol Technologies Limited (PSX:NETSOL)

Netsol Technologies Income Statement

Financials in millions PKR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	8,973	9,580	7,788	6,185	4,948	4,708
Revenue Growth (YoY)	-4.87%	23.01%	25.91%	25.02%	5.08%	-12.64%
Cost of Revenue	5,473	5,435	5,697	4,105	3,147	3,142
Gross Profit	3,500	4,145	2,090	2,081	1,800	1,566
Selling, General & Admin	2,456	2,357	2,087	1,559	1,308	1,223
Other Operating Expenses	384.66	540.82	733.88	322.04	168.44	275.5
Operating Expenses	2,841	2,897	2,821	1,881	1,476	1,499
Operating Income	659.37	1,247	-730.34	199.14	323.94	67.18
Interest Expense	-253.26	-309.98	-185.97	-57.97	-57.58	-46.94
Interest & Investment Income	514.59	514.59	296.16	281.71	150.31	179.24
Earnings From Equity Investments	-	-	-33.69	-165.7	-27.2	-66.79
Currency Exchange Gain (Loss)	-327.31	-327.31	1,701	790.68	-119.66	68.12
Other Non Operating Income (Expenses)	136.95	49.59	-2.94	-0.37	2.07	2.01
EBT Excluding Unusual Items	730.34	1,174	1,045	1,047	271.89	202.81
Gain (Loss) on Sale of Assets	28.74	28.74	-6.18	-35.13	-8.54	3.78
Pretax Income	759.08	1,203	1,038	1,012	263.35	206.59
Income Tax Expense	-	-	-	140.04	70.39	162.48
Earnings From Continuing Operations	759.08	1,203	1,038	872.32	192.96	44.11
Net Income to Company	759.08	1,203	1,038	872.32	192.96	44.11
Minority Interest in Earnings	-	-	-	-	-	-8.09
Net Income	759.08	1,203	1,038	872.32	192.96	36.02
Net Income to Common	759.08	1,203	1,038	872.32	192.96	36.02
Net Income Growth	56.94%	15.85%	19.05%	352.07%	435.64%	-97.16%
Shares Outstanding (Basic)	87	88	88	90	90	90
Shares Outstanding (Diluted)	89	89	88	90	90	90
Shares Change (YoY)	0.53%	0.53%	-1.82%	-0.13%	0.00%	0.01%
EPS (Basic)	8.69	13.70	11.82	9.73	2.15	0.40
EPS (Diluted)	8.56	13.59	11.79	9.72	2.15	0.40
EPS Growth	56.39%	15.27%	21.30%	352.54%	436.97%	-97.17%
Free Cash Flow	889.64	1,865	-1,289	-61.83	1,289	-185.5
Free Cash Flow Per Share	10.03	21.07	-14.63	-0.69	14.35	-2.06
Dividend Per Share	-	3.000	-	-	-	-
Gross Margin	39.01%	43.27%	26.84%	33.64%	36.39%	33.26%
Operating Margin	7.35%	13.02%	-9.38%	3.22%	6.55%	1.43%
Profit Margin	8.46%	12.56%	13.33%	14.10%	3.90%	0.77%
Free Cash Flow Margin	9.92%	19.47%	-16.55%	-1.00%	26.06%	-3.94%
EBITDA	907.52	1,528	-389.78	451.42	522.51	243.47
EBITDA Margin	10.11%	15.95%	-5.00%	7.30%	10.56%	5.17%
D&A For EBITDA	248.15	280.52	340.56	252.28	198.57	176.29
EBIT	659.37	1,247	-730.34	199.14	323.94	67.18
EBIT Margin	7.35%	13.02%	-9.38%	3.22%	6.55%	1.43%
Effective Tax Rate	-	-	-	13.83%	26.73%	78.65%
Advertising Expenses	-	36.72	32.85	15.89	3.53	14.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.