Ituran Location And Control ( (ITRN) ) has released its Q3 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 prominent player in the mobility technology sector, providing location-based services and telematics solutions for the connected-car industry, with a strong presence in Latin America and operations in over 20 countries.
In its third-quarter 2025 earnings report, Ituran Location and Control Ltd. announced record revenue of $92.3 million, marking an 11% increase year-over-year, alongside a net income rise to $14.6 million, reflecting a 7% increase. The company also added 40,000 net new subscribers during the quarter, underscoring its growth in the telematics services market.
Key financial metrics from the report include a 13% year-over-year increase in subscription fee revenues, totaling $67.6 million, and a 4% rise in product revenues to $24.7 million. The company’s gross profit improved by 16% to $46.4 million, with gross margins on subscription and product revenues also seeing an uptick. Ituran’s EBITDA reached $24.6 million, a 6% increase from the previous year. Additionally, the company declared a quarterly dividend of $10.0 million, or $0.50 per share, reflecting its strong financial position.
Strategically, Ituran launched its smart-mobility solution, IturanMOB, in the United States, aiming to tap into the growing market for remote vehicle access and fleet management solutions. This expansion is expected to provide a new growth avenue alongside its core telematics and subscriber-based businesses.
Looking ahead, Ituran’s management remains optimistic about the company’s growth prospects, driven by its innovative product offerings and expansion into new markets. The company continues to focus on enhancing its telematics services and expanding its subscriber base, positioning itself for sustained growth in the mobility technology sector.