Ituran Q2 FY26 net income rises 29% to $17.3 million; revenue climbs 21% to $104.8 million
ITRN•Dividend and share repurchases
The board declared a USD 10 million dividend, or USD 0.5 per share; USD 3 million of shares were repurchased, leaving about USD 10 million authorized.
Q2 results rise on subscriber growth
Ituran posted Q2 revenue of USD 104.8 million, up 21% year over year; net income rose 29% to USD 17.3 million.
EBITDA climbed 24% to USD 28.5 million; cash flow from operations hit a record USD 32.2 million.
Subscription fees increased 25% to USD 79.8 million, representing 76% of revenue; product revenue grew 8% to USD 25 million.
Net subscribers added totaled 41,000, lifting the base to 2,711,000; management cited broad-based growth in Israel and Latin America.
