Ituran Reports 2% Increase in Q2 2025 Revenues to $86.8M, Net Income Rises by 2% to $13.5M
Reuters
Aug 19
Ituran Reports 2% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Revenues to $86.8M, Net Income Rises by 2% to $13.5M
Ituran Location and Control Ltd. $(ITRN)$ reported its financial results for the second quarter of 2025. The company achieved a record revenue of $86.8 million, marking a 2% increase from $84.9 million in the same quarter of the previous year. Net income rose to $13.5 million, also reflecting a 2% year-over-year increase. However, EBITDA decreased by 1% to $22.9 million compared to last year. The Board declared a quarterly dividend of $10.0 million, or $0.50 per share. During the quarter, Ituran added 40,000 net new subscribers. 73% of the revenues came from location-based service subscription fees, and 27% from product revenues. Despite facing challenges such as a temporary cessation of new car sales in Israel due to a brief war with Iran, the company continued to grow its large subscriber base and introduced new telematics products, including a promising offering targeted at motorcycle owners. Ituran reiterated its expectation to grow its subscriber base by 220,000 to 240,000 net new subscribers in 2025.
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