ITURAN Reports Strong Q3 2025 Results with Record Revenue and Subscriber Growth

Ituran Location and Control Ltd. (NASDAQ: ITRN) revealed its third quarter 2025 financial results for the period ending September 30, highlighting significant growth across several key metrics. Revenue reached US$92.3 million, up 11 % compared to US$83.5 million in Q3 2024. Net income rose to US$14.6 million, an increase of 7 % year‑on‑year, while EBITDA climbed 6 % to US$24.6 million. The subscriber base grew by 40,000 net new subscribers during the quarter, bringing the total to approximately 2.588 million—a year‑over‑year increase of 219,000. Subscription revenue comprised 73 % of total revenues (US$67.6 million, rising 13 % year‑on‑year), whereas product revenues accounted for 27 % (US$24.7 million, up 4 %). The gross profit for the quarter stood at US$46.4 million (50.3 % margin), up 16 % from US$40.2 million (48.1 % margin) in the prior‑year period. Service gross margin improved to 60.1 % from 58.8 %, and product margin rose to 23.6 % from 21.5 %. Operating income increased to US$19.6 million (21.3 % of revenues), compared with US$18.4 million (22.0 %) in Q3 2024. Cash flow from operations hit US$21.3 million, and as of September 30, 2025, the company held net cash and marketable securities of US$93.1 million, up from US$77.3 million year‑end 2024. In light of these results, Ituran’s Board declared a quarterly dividend of US$10.0 million (US$0.50 per share). During the quarter, the company also repurchased US$1.5 million of shares under its buy‑back programme, leaving approximately US$5.2 million available under the plan. Co‑CEO Eyal Sheratzky commented: “The third quarter marked a strong quarter for Ituran … our subscriber growth is being driven by our long‑term efforts and success in bringing customers new value‑adding telematics and connected‑car products and services, as well as adding additional OEM partners to our growing roster.” He added excitement about the US launch of IturanMOB — a smart‑mobility solution enabling remote vehicle access, real‑time telematics and fleet management — positioning a large untapped market alongside the core business. The company also noted it marked 20 years as a public company and 30 years as a corporate entity, anticipating the celebration at the Nasdaq Stock Market opening on November 25. Looking ahead, Ituran continues to focus on scaling its subscription services globally, expanding its connected‑car and mobility offerings, and leveraging its strong capital position for growth initiatives. #IturanQ3 #TelematicsGrowth #ConnectedCarSolutions #InvestorUpdate #SlimScan #GrowthStocks #CANSLIM