ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $30 Million for the Fourth Quarter of 2025

Core Viewpoint - Ituran Location and Control Ltd. announced a cash dividend distribution of $30 million for Q4 2025, amounting to $1.50 per share, with a lower tax withholding rate of 20% due to specific tax rulings [1]. Financial Summary - The dividend will be paid to shareholders of record as of March 30, 2026, and will be distributed on April 16, 2026 [1]. - Retained earnings before the distribution were $244.4 million, which will decrease to $214.4 million post-distribution [1]. - As of December 31, 2025, the company had a cash balance of $107.6 million, prior to a $10 million dividend payment for Q3 2025 [1]. - Current assets (excluding cash) totaled $130.1 million, while current liabilities were $104.1 million as of December 31, 2025 [1]. Company Overview - Ituran is a leader in mobility technology, providing location-based services including stolen vehicle recovery and fleet management [1]. - The company has over 2.6 million subscribers and operates in more than 20 countries, holding a market-leading position in Israel and Latin America [1]. - Established in 1995, Ituran employs approximately 2,800 people globally and has offices in multiple countries including Israel, Brazil, and the United States [1].