Lahore: NETSOL Technologies Limited, a prominent player in the technology sector, has reported a notable increase in its annual profits for the financial year ended June 30, 2026. The company's Board of Directors, during a meeting held on September 28, 2026, at the registered office in Lahore, announced a final cash dividend of Rs.1.50 per share, representing a 15% payout to shareholders. This marks a significant corporate action as the company did not declare any interim dividends during the year.
According to information available from the Pakistan Stock Exchange (PSX), NETSOL Technologies reported a net profit of Rs.1.68 billion for the year, reflecting a big move of 62.89% compared to the Rs.1.03 billion net profit recorded in the previous year. The revenue from contracts with customers also saw a substantial increase, reaching Rs.10.48 billion, up from Rs.9.02 billion, contributing to a gross profit of Rs.4.49 billion.
The company's Board has not recommended any bonus shares or right shares for the financial year. Additionally, there were no other entitlements or corporate actions declared, and no other price-sensitive information was reported.
The Annual General Meeting (AGM) of NETSOL Technologies is scheduled for October 28, 2026, at the company's Lahore office. The share transfer books will remain closed from October 22 to October 28, 2026, to determine the shareholders eligible to attend the AGM.
Despite the increased profit, the company reported cash generated from operations amounting to Rs.1.12 billion, compared to a negative cash flow of Rs.390.43 million in the previous year. The net cash used in investing activities stood at Rs.915.00 million, while cash generated from financing activities was reported at Rs.205.77 million.
NETSOL Technologies' financial performance highlights a robust year with improved profitability, driven by increased revenue and effective cost management. The declaration of a final cash dividend is set to benefit shareholders, reflecting the company's commitment to delivering shareholder value.