Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 381

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 381
---
492  
     70.8%
  
    Total 
    $66,088,229  
     100.0% 
    $61,393,091  
     100.0%

Revenues

License
Fees

License
fees for the year ended June 30, 2025 were $598,633 compared to $5,449,991 for the year ended June 30, 2024 reflecting a decrease of
$4,851,358 with a change in constant currency of $4,855,917. In the fiscal year ended June 30, 2025, we recognized approximately $487,000
from a new customer in Indonesia. In the fiscal year ended June 30, 2024, we recognized approximately $2,800,000 related to the sale
of our NFS Ascent® CMS software to a renowned US auto manufacturer based in China, and we recognized approximately $1,142,000
related to the license renewal with an existing customer, and we recognized approximately $465,000 related to the additional sale of
our NFS Ascent® CMS software to a renowned German auto manufacturer based in China, and we recognized approximately $610,000 related
to selling licenses of our digital applications to a current Indonesian customer.

20

Subscription
and Support

Subscription
and support fees for the year ended June 30, 2025, were $32,934,648 compared to $27,952,768 for the year ended June 30, 2024 reflecting
an increase of $4,981,880 with an increase in constant currency of $4,788,597. The increase includes a one-time catch up of approximately
$1,693,000 from five of our customers. Subscription and support fees are recurring in nature, and we anticipate these fees to gradually
increase as we increase our SaaS customer base and implement NFS Ascent®.

Services

Services
income for the year ended June 30, 2025, was $32,554,948 compared to $27,990,332 for the year ended June 30, 2024, reflecting an increase
of $4,564,616 with an increase in constant currency of $4,160,167. The increase is mainly due to implementation services in APAC, the
U.S. and Europe.

Gross
Profit

The
gross profit was $32,574,532 for the year ended June 30, 2025