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NON-CONTROLLING INTEREST IN SUBSIDIARY
3 Months Ended
Sep. 30, 2025
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTEREST IN SUBSIDIARY

NOTE 16 – NON-CONTROLLING INTEREST IN SUBSIDIARY

 

The Company had non-controlling interests in several of its subsidiaries. The balance of non-controlling interest was as follows:

 

SUBSIDIARY 

Non-Controlling

Interest %

  

Non-Controlling Interest at

September 30, 2025

 
         
NetSol PK   30.47%  $4,773,605 
NetSol Innovation   30.47%   (725,468)
NAMECET   30.47%   686,443 
NIAI   30.47%   (4,743)
NetSol Thai   0.006%   (189)
OTOZ Thai   0.01%   6 
Total       $4,729,654 

 

SUBSIDIARY 

Non-Controlling

Interest %

  

Non-Controlling Interest at

June 30, 2025

 
         
NetSol PK   30.24%  $4,496,723 
NetSol Innovation   30.24%   (637,529)
NAMECET   30.24%   567,819 
NIAI   30.24%   (1,471)
NetSol Thai   0.006%   (184)
OTOZ Thai   0.01%   7 
OTOZ   0.00%   - 
Total       $4,425,365 

 

During the quarter ended September 30, 2025, employees of NetSol PK, a majority-owned subsidiary of the Company, exercised stock options to purchase an aggregate of 278,455 shares of the subsidiary’s common stock for total proceeds of $76,567. Of this amount, $64,147 was received during the quarter ended September 30, 2025, and $12,420 was received during the fiscal year ended June 30, 2025. Due to this exercise, the non-controlling interest in NetSol PK, NetSol Innovation, NAMECET and NIAI, increased from 30.24% at June 30, 2025 to 30.47% at September 30, 2025. The carrying amount of the non-controlling interest was increased by $115,283, and the difference of $38,716 was recognized as a decrease in additional paid-in capital in the Company’s consolidated equity.

 

The following schedule discloses the effect on the Company’s equity due to the changes in the Company’s ownership interest.

 

   2025   2024 
   For the Three Months Ended September 30, 
   2025   2024 
         
Net income (loss) attributable to NetSol  $(2,357,288)  $70,795 
Transfer to (from) non-controlling interest          
Decrease in paid-in capital for purchase of 157,895 shares of OTOZ Inc common stock        (143,014)
Decrease in paid-in capital for option exercise of 278,455 shares of common stock of NetSol PK by emplyees   (38,716)     
Net transfer to (from) non-controlling interest   (38,716)   (143,014)
Change from net income (loss) attributable to NetSol and transfer (to) from non-controlling interest  $(2,396,004)  $(72,219)