Ituran Location and Control Ltd. reported a robust third quarter for 2025, with earnings driven by strong subscriber growth and notable cash generation, leading to a sustainable dividend policy.
- Revenue increased by 11% year-over-year to $92.3 million, with subscription fees making up 73% of total revenue.
- Added 40,000 net subscribers in Q3, bringing the total to 2.588 million, and remains on track to achieve 220,000 to 240,000 new subscribers by year-end.
- Declared a quarterly dividend of $10 million, reflecting a 25% increase in policy, with a yield of approximately 5%.
- Operating cash flow was strong at $21.3 million, supporting ongoing buyback activities totaling $1.5 million for the quarter.
- Expansion into the U.S. market with the Ituranmob platform sets the stage for future growth opportunities in smart mobility and fleet management.
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