Ituran (NASDAQ:ITRN) Reports Net Income of USD 13.5 Million in Q2 2025; Board Declares USD 10n Dividend

2 min read | August 19, 2025 10:58 PM PDT | By Sonal Goyal

Google News:

Ituran (NASDAQ:ITRN) Reports Net Income of USD 13.5 Million in Q2 2025; Board Declares USD 10n Dividend — Image source: © 2025 Krish Capital Pty. Ltd.

Recent News

Joby Aviation Advances Air Taxi Vision as Industry Momentum Builds

Skyward Specialty Insurance Strengthens Its Specialty Market Position

Vera Bradley Insider Activity Highlights Growing Long-Term Confidence

Aquestive Therapeutics (NYSE:AQST): What Insider Activity Reveals Abou...

Make Kalkine Media
My Trusted Source

Highlights

Ituran added 40,000 net subscribers in Q2 2025, bringing the total subscriber base to 2.55 million.

Quarterly revenue rose 2% year-over-year to USD 86.8 million, with subscription revenues contributing 73%.

Net income increased 2% to USD 13.5 million, while the Board declared a dividend of USD 10.0 million, or USD 0.50 per share.

Ituran Location and Control Ltd. (NASDAQ:ITRN) announced its consolidated financial results for the second quarter ended June 30, 2025.

Revenues for the quarter reached USD 86.8 million, up 2% from USD 84.9 million in Q2 2024. In local currencies, revenues increased by 4% year-over-year. Of the total, USD 63.8 million was derived from subscription services, marking a 6% rise compared to the same quarter in 2024. Subscription revenues represented 73% of the Company’s total revenues. Product revenues stood at USD 23.0 million, down 6% year-over-year, with sales affected by a temporary halt in new sales during the 12-day conflict between Israel and Iran.

The subscriber base expanded to 2.55 million by June 30, 2025, an addition of 40,000 during the quarter and 219,000 over the past 12 months.

Profitability

Gross profit for the quarter was USD 42.9 million, representing 49.5% of revenues, compared with USD 39.8 million (46.9% of revenues) in Q2 2024. Gross margin on subscription revenues was 57.9%, slightly lower than 58.2% a year ago, while product margins improved to 26.0% compared with 18.9% last year.

Operating income totalled USD 18.3 million (21.1% of revenues), up 3% from USD 17.7 million in the prior year. EBITDA came in at USD 22.9 million, representing 26.4% of revenues, down 1% compared with USD 23.1 million in Q2 2024. In local currencies, EBITDA grew by 2% year-over-year.

Net income was USD 13.5 million (15.5% of revenues), or USD 0.68 per diluted share, a 2% increase compared with USD 13.1 million (USD 0.66 per diluted share) in the prior year.

Cash Flow and Balance Sheet

Cash flow from operations during the quarter was USD 22.4 million. As of June 30, 2025, the Company reported net cash of USD 88.7 million, including marketable securities, with no outstanding debt. This compared with USD 77.3 million in net cash at year-end 2024.

Dividend

The company announced a quarterly dividend of USD 10.0 million, equivalent to USD 0.50 per share. The dividend is aligned with the company’s continued profitability, positive operating cash flow, and cash reserves.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.