Subscriber Base Milestone
Ituran achieved a major milestone by crossing 2.5 million subscribers, with a net addition of 99,000 new subscribers in Q1 2025.
New OEM Agreement with Stellantis
Ituran signed a new telematics service agreement with Stellantis, the largest car manufacturer in Latin America, contributing significantly to subscriber growth.
Record Revenue and Profit Growth
First quarter revenues reached a record $86.5 million, a 2% increase year-over-year, and in local currencies, a 7% increase. EBITDA increased by 4% to $23.3 million.
Strong Cash Flow and Dividend
Operating cash flow for Q1 2025 was $15.5 million, and a dividend of $10 million was declared, representing a 6% annualized dividend yield.