Ituran Location and trol .(US:ITRN) Prnewswire·2026-03-05 11:30Core Insights - Ituran Location and Control Ltd. reported record revenue and EBITDA for the full year 2025, driven by strong subscriber growth and profitability improvements [1][2] - The company declared a total of $60 million in dividends for 2025, reflecting its commitment to returning value to shareholders [1][2] - Ituran's subscriber base reached 2.63 million by the end of 2025, with a net addition of 221,000 subscribers during the year [1][2] Full Year 2025 Highlights - Total revenue for 2025 was $359.0 million, a 7% increase from $336.3 million in 2024 [2] - EBITDA for the year was $96.2 million, up 5% year-over-year [2] - Net income increased to $58.0 million, an 8% rise compared to $53.7 million in 2024 [2] - Operating cash flow reached a record $88.6 million [1][2] Fourth Quarter 2025 Highlights - Revenue for Q4 2025 was $93.5 million, a 13% increase from $82.9 million in Q4 2024 [1][2] - EBITDA for the quarter grew to $25.3 million, a 12% increase year-over-year [1][2] - Net income for Q4 was $15.3 million, up 10% from $13.8 million in the same quarter of the previous year [1][2] - The company added a net 42,000 subscribers in Q4, contributing to the overall growth [1][2] Shareholder Returns - The Board declared a special dividend of $20 million in addition to the regular quarterly dividend of $10 million, totaling $30 million for the quarter [1][2] - The total dividends for 2025 represent a yield of 7% based on the year-end share price [1][2] Strategic Initiatives - Ituran plans to maintain a subscriber-add rate of 160,000-180,000 for 2026, supported by new telematics and connected-car products [1] - The company is expanding its operations into the U.S. market and has launched the 'Connect Fiat' project in South America [1] - New initiatives include IturanMob for vehicle rental companies and a Big Data initiative to monetize collected data [1]