Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨146, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 23x in the Software industry in Asia. Total returns to shareholders of 101% over the past three years. Reported Earnings • May 06
Third quarter 2026 earnings released: EPS: PK₨10.98 (vs PK₨2.50 in 3Q 2025) Third quarter 2026 results: EPS: PK₨10.98 (up from PK₨2.50 in 3Q 2025). Revenue: PK₨3.57b (up 49% from 3Q 2025). Net income: PK₨950.4m (up 343% from 3Q 2025). Profit margin: 27% (up from 8.9% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 23% per year. Duyuru • Apr 22
Netsol Technologies Limited to Report Q3, 2026 Results on Apr 29, 2026 Netsol Technologies Limited announced that they will report Q3, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨125, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 22x in the Software industry in Asia. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨104, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 22x in the Software industry in Asia. Total returns to shareholders of 38% over the past three years. Reported Earnings • Feb 17
Second quarter 2026 earnings released: EPS: PK₨7.44 (vs PK₨0.88 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨7.44 (up from PK₨0.88 loss in 2Q 2025). Revenue: PK₨3.22b (up 41% from 2Q 2025). Net income: PK₨643.5m (up PK₨720.7m from 2Q 2025). Profit margin: 20% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 06
Netsol Technologies Limited to Report First Half, 2026 Results on Feb 12, 2026 Netsol Technologies Limited announced that they will report first half, 2026 results on Feb 12, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨0.88 (vs PK₨1.61 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.88 (down from PK₨1.61 in 1Q 2025). Revenue: PK₨2.54b (up 32% from 1Q 2025). Net income: PK₨74.7m (down 47% from 1Q 2025). Profit margin: 2.9% (down from 7.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 24
Netsol Technologies Limited to Report Q1, 2026 Results on Oct 30, 2025 Netsol Technologies Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Sep 26
Full year 2025 earnings released: EPS: PK₨15.97 (vs PK₨13.70 in FY 2024) Full year 2025 results: EPS: PK₨15.97 (up from PK₨13.70 in FY 2024). Revenue: PK₨9.91b (up 3.4% from FY 2024). Net income: PK₨1.39b (up 15% from FY 2024). Profit margin: 14% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 24
Netsol Technologies Limited, Annual General Meeting, Oct 28, 2025 Netsol Technologies Limited, Annual General Meeting, Oct 28, 2025. Location: lahore Pakistan New Risk • Aug 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (PK₨12.2b market cap, or US$43.4m). Buy Or Sell Opportunity • Jul 03
Now 21% undervalued Over the last 90 days, the stock has risen 15% to PK₨157. The fair value is estimated to be PK₨199, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 2.6%. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨161, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 32x in the Software industry in Asia. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to PK₨143, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 29x in the Software industry in Asia. Total returns to shareholders of 64% over the past three years. Reported Earnings • Feb 15
Second quarter 2025 earnings released: PK₨0.88 loss per share (vs PK₨5.65 profit in 2Q 2024) Second quarter 2025 results: PK₨0.88 loss per share (down from PK₨5.65 profit in 2Q 2024). Revenue: PK₨2.28b (down 11% from 2Q 2024). Net loss: PK₨77.2m (down 116% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨170, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 31x in the Software industry in Asia. Total returns to shareholders of 118% over the past three years. Reported Earnings • Nov 02
First quarter 2025 earnings released: EPS: PK₨2.24 (vs PK₨2.42 in 1Q 2024) First quarter 2025 results: EPS: PK₨2.24 (down from PK₨2.42 in 1Q 2024). Revenue: PK₨1.90b (down 18% from 1Q 2024). Net income: PK₨196.8m (down 7.5% from 1Q 2024). Profit margin: 10% (up from 9.2% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 03
Upcoming dividend of PK₨3.00 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 08 November 2024. Trailing yield: 2.4%. Lower than top quartile of Pakistani dividend payers (12%). Higher than average of industry peers (1.0%). Reported Earnings • Sep 14
Full year 2024 earnings released: EPS: PK₨13.70 (vs PK₨11.82 in FY 2023) Full year 2024 results: EPS: PK₨13.70 (up from PK₨11.82 in FY 2023). Revenue: PK₨9.58b (up 23% from FY 2023). Net income: PK₨1.20b (up 16% from FY 2023). Profit margin: 13% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Sep 13
Netsol Technologies Limited, Annual General Meeting, Oct 18, 2024 Netsol Technologies Limited, Annual General Meeting, Oct 18, 2024. Location: lahore Pakistan New Risk • Jul 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (PK₨13.1b market cap, or US$47.0m). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨144, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 28x in the Software industry in Asia. Total loss to shareholders of 22% over the past three years. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨0.15 (vs PK₨15.28 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.15 (down from PK₨15.28 in 3Q 2023). Revenue: PK₨2.33b (up 10% from 3Q 2023). Net income: PK₨13.6m (down 99% from 3Q 2023). Profit margin: 0.6% (down from 64% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 05
Second quarter 2024 earnings released: EPS: PK₨5.65 (vs PK₨2.42 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨5.65 (up from PK₨2.42 loss in 2Q 2023). Revenue: PK₨2.57b (up 50% from 2Q 2023). Net income: PK₨496.5m (up PK₨709.4m from 2Q 2023). Profit margin: 19% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨114, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 32x in the Software industry in Asia. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨107, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 31x in the Software industry in Asia. Total loss to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨101, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 31x in the Software industry in Asia. Total returns to shareholders of 44% over the past three years. Reported Earnings • Oct 05
Full year 2023 earnings released: EPS: PK₨11.02 (vs PK₨9.73 in FY 2022) Full year 2023 results: EPS: PK₨11.02 (up from PK₨9.73 in FY 2022). Revenue: PK₨7.79b (up 26% from FY 2022). Net income: PK₨1.04b (up 19% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨89.92, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 14x in the IT industry in Pakistan. Total returns to shareholders of 52% over the past three years. Reported Earnings • Feb 26
Second quarter 2023 earnings released: PK₨1.85 loss per share (vs PK₨5.76 profit in 2Q 2022) Second quarter 2023 results: PK₨1.85 loss per share (down from PK₨5.76 profit in 2Q 2022). Revenue: PK₨1.68b (down 3.1% from 2Q 2022). Net loss: PK₨162.5m (down 131% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨76.12, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the IT industry in Pakistan. Total returns to shareholders of 8.8% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 20% share price decline to PK₨83.20, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the IT industry in Asia. Total returns to shareholders of 34% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zeshan Afzal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨101, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 20x in the IT industry in Asia. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨118, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the IT industry in Asia. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨87.28, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 22x in the IT industry in Asia. Total returns to shareholders of 53% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zeshan Afzal was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨100, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 24x in the IT industry in Asia. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨96.21, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to PK₨100, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 13% over the past three years. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS PK₨2.15 (vs PK₨1.42 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨1.25b (up 12% from 1Q 2021). Net income: PK₨193.2m (up 52% from 1Q 2021). Profit margin: 15% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 24
Full year 2021 earnings released: EPS PK₨2.15 (vs PK₨0.40 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨4.95b (up 5.1% from FY 2020). Net income: PK₨193.0m (up 436% from FY 2020). Profit margin: 3.9% (up from 0.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨130, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 26x in the IT industry in Asia. Total returns to shareholders of 5.3% over the past three years. Reported Earnings • May 03
Third quarter 2021 earnings released: PK₨2,000 loss per share (vs PK₨2.24 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: PK₨1.24b (up 7.1% from 3Q 2020). Net loss: PK₨179.5m (down 189% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 19% share price decline to PK₨204, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 28x in the IT industry in Asia. Total returns to shareholders of 217% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨240, the stock is trading at a trailing P/E ratio of 39x, down from the previous P/E ratio of 46.4x. This compares to an average P/E of 27x in the IT industry in Asia. Total returns to shareholders over the past three years are 238%. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 19% share price gain to PK₨271, the stock is trading at a trailing P/E ratio of 44x, up from the previous P/E ratio of 37x. This compares to an average P/E of 27x in the IT industry in Asia. Total returns to shareholders over the past three years are 292%. Is New 90 Day High Low • Feb 17
New 90-day high: PK₨266 The company is up 254% from its price of PK₨75.07 on 19 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. Reported Earnings • Feb 13
Second quarter 2021 earnings released: EPS PK₨1.45 (vs PK₨0.65 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: PK₨1.26b (flat on 2Q 2020). Net income: PK₨129.9m (up PK₨188.5m from 2Q 2020). Profit margin: 10% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 27% share price gain to PK₨239, the stock is trading at a trailing P/E ratio of 59x, up from the previous P/E ratio of 46.3x. This compares to an average P/E of 27x in the IT industry in Asia. Total returns to shareholders over the past three years are 315%. Is New 90 Day High Low • Jan 25
New 90-day high: PK₨204 The company is up 190% from its price of PK₨70.21 on 27 October 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: PK₨198 The company is up 250% from its price of PK₨56.69 on 02 October 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 17% share price gain to PK₨89.17, the stock is trading at a trailing P/E ratio of 22x, up from the previous P/E ratio of 18.8x. This compares to an average P/E of 26x in the IT industry in Asia. Total returns to shareholders over the past three years are 55%. Is New 90 Day High Low • Nov 25
New 90-day high: PK₨78.15 The company is up 19% from its price of PK₨65.82 on 27 August 2020. The Pakistani market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 15% share price gain to PK₨69.84, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 15x. This compares to an average P/E of 25x in the IT industry in Asia. Total returns to shareholders over the past three years are 19%. Reported Earnings • Oct 31
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨364.5m, down 59% from the prior year. Total revenue was PK₨4.51b over the last 12 months, down 18% from the prior year. Reported Earnings • Oct 04
Full year earnings released - EPS PK₨0.40 Over the last 12 months the company has reported total profits of PK₨36.0m, down 97% from the prior year. Total revenue was PK₨4.71b over the last 12 months, down 13% from the prior year. Profit margins were 0.8%, which is lower than the 23% margin from last year. The decrease in margin was primarily driven by higher expenses. Reported Earnings • Sep 24
Full year earnings released - EPS PK₨0.40 Over the last 12 months the company has reported total profits of PK₨36.0m, down 97% from the prior year. Total revenue was PK₨4.71b over the last 12 months, down 13% from the prior year. Profit margins were 0.8%, which is lower than the 23% margin from last year. The decrease in margin was primarily driven by lower revenue. Duyuru • Sep 24
Netsol Technologies Limited Announces No Final Cash Dividend for the Year Ended June 30, 2020 Netsol Technologies Limited announced no final Cash Dividend for the year ended June 30, 2020 at its Board of Directors meeting held on September 22, 2020.