NETSOL Technologies, Inc. Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST IN SUBSIDIARY (Tables)

6 Months Ended

Dec. 31, 2024

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 December 31, 2024

NetSol PK		32.38	%	$	5,163,259
NetSol-Innovation		32.38	%		(538,843	)
NAMECET		32.38	%		(31,713	)
NetSol Thai		0.006	%		(169	)
OTOZ Thai		0.01	%		20
OTOZ		0.00	%		-
Total				$	4,592,554

SUBSIDIARY	Non-Controlling Interest %			Non-Controlling Interest at June 30, 2024

NetSol PK		32.38	%	$	4,679,101
NetSol-Innovation		32.38	%		137,232
NAMECET		32.38	%		(21,014	)
NetSol Thai		0.006	%		(163	)
OTOZ Thai		5.60	%		(17,483	)
OTOZ		5.59	%		(83,255	)
Total				$	4,694,418

The following schedule discloses the effect to the Company’s equity due to the changes in the Company’s ownership interest in Otoz® and Otoz® Thai.

	2024			2023		2024			2023
	For the Three Months Ended December 31,					For the Six Months Ended December 31,
	2024			2023		2024			2023

Net income (loss) attributable to NetSol	$	(1,147,042	)	$	408,316	$	(1,076,247	)	$	439,206
Transfer to (from) non-controlling interest
Decrease in paid-in capital for purchase of 177,558 shares of OTOZ Inc common stock		(31,004	)				(166,123	)		-
Net transfer to (from) non-controlling interest		(31,004	)		-		(166,123	)		-
Change from net income (loss) attributable to NetSol and transfer to (from) non-controlling interest	$	(1,178,046	)	$	408,316	$	(1,242,370	)	$	439,206