Ituran Location And Control ( (ITRN) ) has released its Q2 earnings. Here is a breakdown of the information Ituran Location And Control presented to its investors.
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Ituran Location and Control Ltd. is a leading company in the mobility technology sector, offering location-based services and telematics products for vehicle and personal security across various industries, with a strong presence in Latin America and Israel. In its second quarter of 2025, Ituran reported record revenues of $86.8 million, marking a 2% increase year-over-year, and added 40,000 net new subscribers, bringing its total subscriber base to over 2.5 million. Despite challenges such as a temporary cessation of new car sales due to a brief conflict in Israel, the company maintained steady financial growth, with net income rising to $13.5 million and a declared quarterly dividend of $10 million. Key financial metrics included a 6% increase in subscription revenue and a 3% rise in operating income, although EBITDA saw a slight decline of 1%. The company also noted a strong cash position with $88.7 million in net cash and no debt. Looking ahead, Ituran remains optimistic about its growth trajectory, aiming to expand its subscriber base significantly by the end of the year, supported by new product launches and strategic partnerships.