NETSOL Technologies Inc.

Good morning, and welcome to the NetSol Technologies second quarter and six-month ended December 31st, 2025 earnings conference call. On the call today, our founder and chief executive officer of NetSol Technologies, Inc., Najeeb Gowri, co-founder and president, Naeem Gowri, chief financial officer, Sardar Abu-Babkar, and Senior Vice President, Legal and Corporate Affairs, General Counsel, and Corporate Secretary, Patty McGlasson. I will now hand the call over to Patty, who will provide the necessary disclaimers regarding forward-looking statements made during today's call. Patty, please go ahead.

Good morning, everyone, and thank you for joining us today. After we review the company's business highlights and financial results for the second quarter and six months ending December 31, 2025, we will open the call for questions. Before we begin, I'd like to remind you that our remarks today may include forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied. We encourage you to review the cautionary statements and risk factors contained in NETFL's press release issued earlier today. as well as in our filings with the Securities and Exchange Commission, including our most recent Form 10-K and quarterly reports on Form 10-Q. I'd also like to note that today's discussion will include certain non-GAAP financial measures. A reconciliation of these measures to their most direct comparable GAAP figures can be found in the press release issued earlier today. Lastly, please remember that this call is being recorded and will be available for replay on our website at netsaltech.com and through a link included in today's press release. At this time, all participants are in listen-only mode. Following their prepared remarks, we will open the call for Q&A session. I will now hand the call over to our founder and CEO, Najeeb Ghori. Najeeb?

Thank you, Patty. Good morning, everyone. And thank you for joining Nestle Technologies' call to review our results for the second quarter and six months ended December 31, 2025. We delivered a strong second quarter of fiscal 2026. Total net revenues increased 21% year-over-year to $18.5 million, driven by higher services revenues and growth in our recurring subscription and support revenues. Services revenues grew 41%, primarily from new implementations for major customers. As these implementations move through go-live and expansion phases, We believe they can support recurring subscription and support revenues over time. I'm pleased with strong balance sheet. Our current ratio of 2.3 reflects strong liquidity, giving us substantial flexibility for growth initiatives. I'd like to hide the strategic progress we made during the quarter across product innovation, customer momentum, and leadership. Firstly, on product and innovation, we launched our Loan Regeneration Platform, or CHEC. Our AI-enabled credit decisioning engine, CHEC, is designed to modernize credit underwriting by combining deep reasoning, intelligent automation, and agentic workflows to support faster, smarter, and more consistent credit decisions. It is an important extension of our Transcend platform and reflects our focus on building high-margin products that expand long-term revenue opportunities. Second, on customer momentum, we strengthened a key relationship with a $50 million four-year contract extension with a Tier 1 global auto captive and long-standing partner. This extension reinforces customer trust, provides meaningful revenue visibility, and validates the scalability of our platform. In addition, Transcend Retail continued to gain traction in the U.S. market with new dealer groups and franchised dealerships signing on during the quarter. Demand for digital automotive retail solutions remains strong, and these wins support our strategy to expand recurring revenue while increasing our footprint in a high-potential growth market. Finally, we continue to strengthen our leadership team to support our next phase of growth. During the quarter, we appointed Sardar Abu Bakr as Chief Financial Officer with Roger Armand transitioning to serve as a chief accounting officer. Together, they bring deep financial expertise and will help maintain strong governance, discipline, and transparency as we continue to scale globally. Overall, these milestones reflect solid execution across innovation, customer expansion, and leadership. We remain focused on sustainable growth, deepening customer partnerships, and advancing our position as a trusted technology partner, helping OEMs, dealerships, and financial institutions sell, finance, lease, and manage assets end-to-end. Looking ahead, our pipeline multi-year contracts and recurring revenue base provide visibility into near-term in long-term performance. We remain focused on discipline execution and continued progress on growth and profitability. And now, I'd like to turn the call over to our president, Naeem Ghori, who will share an update on Nestle's journey and latest development with AI and how we are leveraging this transformative technology in both our products and across our operations. Naeem.