#Israel #Dividend #Shareholders #Ituran #Azour

Ituran Location and Control Ltd. Declares Dividend Distribution of $30 Million for Q4 2025

On March 5, 2026, Ituran Location and Control Ltd. (NASDAQ: ITRN) made a significant announcement regarding its financial performance and shareholder returns. The company's Board of Directors has approved a cash dividend of $1.50 per share, amounting to a total distribution of approximately $30 million. This news comes at a time when Ituran is aiming to strengthen its relationship with its investors by rewarding them for their trust and support.

The dividend will be distributed to shareholders listed on the company's records as of March 30, 2026. Payments are scheduled for April 16, 2026, after subtracting a 20% tax. This preferential tax rate applies because the dividend arises from what is classified as "Preferred Income" and/or "Preferred Technological Income," as per the Encouragement of Capital Investment Law and a ruling from the Israel Tax Authority (ITA).

In justifying the dividend distribution, the Board of Directors conducted a thorough review to ascertain if the company's current financial standing supports such a move. They concluded that the distribution would not hinder Ituran’s operational capabilities or future growth plans. This decision highlights the company’s confidence in its ongoing business model and its capacity to meet obligations going forward.

As of December 31, 2025, the company's retained earnings before the dividend stood at $244.4 million, which will decrease to $214.4 million post-distribution. Despite this reduction, Ituran maintains a robust cash position of $107.6 million, a figure calculated before accounting for a prior dividend declared for the third quarter of 2025 that was paid in January 2026. The firm has positioned itself well with no outstanding debts to banking institutions. Instead, their current assets (aside from cash equivalents) totaled $130.1 million, while current liabilities were reported at $104.1 million. This financial health demonstrates Ituran’s resilience in navigating the complexities of the modern business landscape.

About Ituran

Ituran Location and Control Ltd. is a pioneer in the mobility technology sector, offering a wide array of location-based services tailored for today's connected vehicles. Their suite includes Stolen Vehicle Recovery, fleet management, and services focused on asset location and management for vehicles, cargo, and personal safety. With a strong presence in the automotive industry, Ituran is recognized as the leading Original Equipment Manufacturer (OEM) telematics provider in Latin America, aiding clients in over 20 nations.

Ituran has seen an impressive growth trajectory since its establishment in 1995, with a current subscriber base exceeding 2.6 million. This makes them a market leader in Israel and Latin America. The company operates with around 2,800 employees and has extended its offices across several countries, including Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada, and the United States. Additionally, the company has made strides in innovation through its DRIVE startup incubator based in Tel-Aviv, focusing on smart mobility technology.

For further details and updates from Ituran, visit their official website at www.ituran.com.

For inquiries, contact:
Udi Mizrahi
Deputy CEO VP Finance, Ituran (Israel)
+972 3 557 1348
International Investor Relations
Ehud Helft
EK Global Investor Relations (US)
+1 212 378 8040