#None #Connected Cars #Ituran #Telemetry Services

Introduction

Ituran Location and Control Ltd. (NASDAQ: ITRN) has released its consolidated financial results for the third quarter of 2025, showcasing remarkable growth and strong operational performance. The highlights include a record quarterly revenue and significant subscriber growth, underlining the company's strategic advantages in the telematics and connected vehicle industry.

Financial Performance

In the third quarter of 2025, Ituran reported revenues of $92.3 million, reflecting an 11% increase from $83.5 million in the same quarter of the previous year. This growth was predominantly driven by a surge in subscription service revenue, which amounted to $67.6 million, a 13% increase year-over-year.

The company also reported a net income of $14.6 million, translating to $0.74 per diluted share, which is a 7% increase compared to $13.7 million, or $0.69 per diluted share, from the same period last year. Additionally, Ituran’s EBITDA reached $24.6 million, marking a 6% increase from $23.3 million in Q3 2024.

Subscriber Growth

Ituran added 40,000 net new subscribers during the quarter, bringing the total subscriber base to 2,588,000, a substantial gain of 219,000 compared to the previous year. This increase underscores the effectiveness of Ituran's long-term strategies, including the introduction of innovative telematics products and the expansion of its partnership network with original equipment manufacturers (OEMs).

Operational Highlights

Co-CEO Eyal Sheratzky expressed excitement over the quarter's results, emphasizing the sustained growth stemming from Ituran's enhanced focus on providing value-adding services in the telematics and connected car technologies. Notable among their advancements is the launch of IturanMOB in the United States, following its success in Brazil. This initiative offers remote vehicle access, real-time telematics, and efficient fleet management, thus tapping into a substantial yet unexplored market.

Dividend Declaration

The Board of Directors announced a quarterly dividend of $10 million, equating to $0.50 per share, as a testament to Ituran's ongoing strong profitability and cash flow performance. The dividend reflects the company's stable financial foundation, allowing it to reward its shareholders while pursuing growth opportunities.

Future Outlook

As Ituran celebrates 20 years as a public entity and 30 years of operation, the management anticipates opening the Nasdaq market on November 25 as part of their anniversary celebrations. The company remains buoyant about its future, with continued enhancement in service offerings expected to drive subscriber growth and operational efficiency.

Conclusion

Ituran’s results for the third quarter of 2025 not only reflect its current success but also set the stage for sustained long-term growth in the rapidly evolving telematics landscape. With innovative products like IturanMOB and a burgeoning subscriber base, the company is well-positioned to capitalize on emerging opportunities in smart mobility technology.

About Ituran

Founded in 1995, Ituran Location and Control Ltd. is recognized as a leader in mobility technology. Ituran provides a comprehensive range of location-based services and telematics solutions, securing a prominent market position across various regions, including Latin America and Israel. The firm continues to expand its innovative product suite while focusing on enhancing customer value through premium services.

For more detailed information, visit their official website.