Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 47

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
 regions.

●We
                                            entered into a strategic agreement with an existing client to not only have the annual maintenance
                                            fee revised upwards but also to upgrade our legacy R1 platform, a project expected to generate
                                            approximately $1.5 million in revenues.

●We
                                            launched Check AI, a groundbreaking AI-native credit decisioning engine integrated into our
                                            Transcend platform, marking a major step forward in transforming automated underwriting through
                                            faster decision-making and superior accuracy.

●We
                                            were selected by a Fortune 500 automotive and powersports dealership group in North America
                                            to lead a discovery engagement with them focused on defining the roadmap for their next-gen
                                            omnichannel digital retail platform to be powered by our Transcend Retail system.

●The
                                            finance arm of a leading Chinese construction equipment company in Indonesia successfully
                                            went live with our Transcend Finance solution.

Management
has identified the following material trends affecting NetSol.

Positive
trends:

●According
                                            to S&P Global Mobility, the forecast for new vehicle sales worldwide in 2025 is 89.6
                                            million units, which is a modest 1.7% year-over-year growth in light vehicle sales, and the
                                            US automotive sales of new vehicles in 2025 are expected to be around 16.2 million units,
                                            which is a 1.2% to 1.4% increase from 2024. This would be the highest annual sales figure
                                            since 2019.

●According
                                            to recent forecasts, China’s auto sales in 2025 are expected to reach approximately
                                            32.9 million units, representing a 4.7% year-over-year increase. Sales of New Energy Vehicles
                                            (NEV) account for 48.7% of all new car sales in China. (China Automobile Manufacturers Association).
                                            China’s sales target for NEVs in 2025 is projected to reach 15.5 million units, amounting
                                            to a 20% rise over 2024 figures (Fastmarkets, September 19, 2025).

●The
                                            overall size of the mobility market in Europe and the United States is projected to increase
                                            to over $425 billion combined by 2035 or a compound CAGR of 5% from 2022 (Deloitte Global
                                            Automotive Mobility Market Simulation Tool).

●The
                                            global automotive finance market size was valued at approximately $295.13 billion