NETSOL Technologies, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

NON-CONTROLLING INTEREST IN SUBSIDIARIES (Tables)

12 Months Ended

Jun. 30, 2026

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 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	)
OTOZ^®Thai		0.00	%		-
Total				$	7,973,895

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
Total				$	4,425,365

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 Years
	Ended June 30,
	2026			2025

Net income attributable to NetSol	$	2,950,353		$	2,923,233
Transfer to (from) non-controlling interest
Decrease in paid-in capital for purchase of 177,558 shares of OTOZ Inc common stock		-			(112,010	)
Increase in paid-in capital for purchase of 2,690,251 shares of common stock of NetSol PK from Open Market		-			29,135
Decrease in paid-in capital for option exercise of 1,543,987 shares of common stock of NetSol PK by employees		(221,853	)		-
Net transfer (to) from non-controlling interest		(221,853	)		(82,875	)
Change from net income attributable to NetSol and transfer (to) from non-controlling interest	$	2,728,500		$	2,840,358