v3.26.3
NON-CONTROLLING INTEREST IN SUBSIDIARY
3 Months Ended
Sep. 30, 2026
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTEREST IN SUBSIDIARY

NOTE 19 – 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, 2026

 
         
NetSol PK   31.54%  $7,967,713 
NetSol Innovation   31.54%   (818,503)
NAMECET   31.54%   1,288,831 
NIAI   31.54%   (3,156)
NetSol Thai   0.006%   (315)
Total       $8,434,570 

 

SUBSIDIARY  Non-Controlling Interest %  

Non-Controlling Interest at

June 30, 2026

 
         
NetSol PK   31.48%  $7,300,697 
NetSol Innovation   31.48%   (767,076)
NAMECET   31.48%   1,447,641 
NIAI   31.48%   (7,031)
NetSol Thai   0.006%   (336)
Total       $7,973,895 

 

During the three months ended September 30, 2026, employees of NetSol PK, a majority-owned subsidiary of the Company, exercised stock options to purchase an aggregate of 72,370 shares of the subsidiary’s common stock for total proceeds of $20,292. Due to this exercise, the non-controlling interest in NetSol PK, NetSol Innovation, NAMECET and NIAI increased from 31.48% at June 30, 2026 to 31.54% at September 30, 2026. The carrying amount of the non-controlling interest was increased by $33,768, and the difference of $13,476 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.

 

   2026   2025 
   For the Three Months 
   Ended September 30, 
   2026   2025 
         
Net income attributable to NetSol  $162,969   $(2,357,288)
Transfer to (from) non-controlling interest          
Decrease in paid-in capital for option exercise of 72,370 and 278,455 shares of common stock of NetSol PK by employees   (13,476)   (38,716)
Net transfer (to) from non-controlling interest   (13,476)   (38,716)
Change from net income attributable to NetSol and transfer (to) from non-controlling interest  $149,493   $(2,396,004)