Company Overview - Ituran Location and Control Ltd. is a leader in mobility technology, providing location-based services including stolen vehicle recovery and fleet management [4] - The company has a significant presence in Latin America and Israel, with over 2.5 million subscribers using its services [5] - Ituran was established in 1995 and employs approximately 2,800 people globally, with offices in multiple countries [5] Financial Highlights - The Board of Directors approved a cash dividend of $0.50 per share, totaling approximately $10 million, to be paid on October 10, 2025 [1] - As of June 30, 2025, retained earnings were $234.3 million, which will decrease to $224.3 million after the dividend distribution [3] - The company had a cash balance of $88.7 million as of June 30, 2025, and no outstanding credit from banking institutions [3] Dividend Distribution - The dividend will be distributed to shareholders of record as of September 25, 2025, and will be subject to a 25% tax [1][2] - The Board confirmed that the dividend distribution will not affect the company's operational capabilities or future plans [2]

Core Insights - Ituran Location and Control Ltd. reported record revenue of $86.8 million for Q2 2025, marking a 2% increase from $84.9 million in Q2 2024 [3][4] - The company added 40,000 net new subscribers in the quarter, bringing the total subscriber base to 2,548,000, which is a year-over-year increase of 219,000 [5][8] - Despite challenges from a brief war with Iran affecting new car sales in Israel, Ituran continues to expect growth in its subscriber base by 220,000 to 240,000 in 2025 [2][3] Financial Performance - Subscription revenue for the quarter was $63.8 million, a 6% increase year-over-year, while product revenue decreased by 6% to $23.0 million due to the impact of the war [5][6] - Gross profit for the quarter was $42.9 million, representing 49.5% of revenues, an increase from 46.9% in the same quarter last year [6][8] - Operating income rose to $18.3 million (21.1% of revenues), a 3% increase compared to $17.7 million (20.9% of revenues) in Q2 2024 [8][9] Profitability Metrics - Net income for Q2 2025 was $13.5 million, a 2% increase from $13.1 million in Q2 2024, with diluted earnings per share rising to $0.68 [11][12] - EBITDA for the quarter totaled $22.9 million (26.4% of revenues), a slight decrease of 1% year-over-year [9][11] - The company declared a quarterly dividend of $10.0 million, or $0.50 per share, reflecting strong profitability and cash flow [13][26] Balance Sheet Highlights - As of June 30, 2025, Ituran had net cash of $88.7 million, an increase from $77.3 million at the end of 2024, with no debt [12][20] - Current assets totaled $221.6 million, while total liabilities and equity stood at $364.5 million [20][21] Market Position and Strategy - Ituran is a leader in location-based services, with a significant presence in Israel and Latin America, serving over 2.5 million subscribers [16][17] - The company continues to innovate with new telematics products, including offerings targeted at motorcycle owners, contributing to its growth strategy [2][3]

Company Overview - Ituran Location and Control Ltd. is a leader in mobility technology, providing location-based services including stolen vehicle recovery, fleet management, and mobile asset management for various industries [4][5] - The company is the largest OEM telematics provider in Latin America, with services utilized in over 20 countries [4] Subscriber Growth - Ituran has a growing subscriber base, exceeding 2.5 million users of its location-based services, maintaining a market-leading position in Israel and Latin America [5] Upcoming Conference Call - Ituran will release its second quarter 2025 results on August 19, 2025, and will host a video conference call at 9am Eastern Time to discuss the results and answer investor questions [1][2]

Core Viewpoint - Ituran Location and Control Ltd. has announced a cash dividend distribution of $0.50 per share, totaling approximately $10 million, to be paid on July 2, 2025, to shareholders of record as of June 18, 2025 [1][2]. Financial Summary - The Board of Directors confirmed that the dividend distribution complies with Israeli law and will not affect the company's operational capabilities or future plans [2]. - Retained earnings before the dividend distribution were $230.7 million, which will decrease to $220.7 million post-distribution [3]. - As of March 31, 2025, the company had a cash balance of $75.7 million and no bank credit, with current assets (excluding cash) totaling $125.7 million and current liabilities at $93.3 million [3]. Company Overview - Ituran is a leader in mobility technology, providing location-based services such as Stolen Vehicle Recovery and fleet management, primarily in Israel and Latin America [4]. - The company has a subscriber base exceeding 2.5 million and operates in over 20 countries, employing approximately 2,800 people globally [5].