Ituran Reports 7% Revenue Growth, 221,000 Subscriber Adds and $60M Dividend
Ituran posted record 2025 revenue of $359.0 million (up 7% YoY) and net income of $58.0 million (up 8%), with EBITDA rising 5% to $96.2 million and net subscriber additions of 221,000 to 2.63 million. The board declared $60 million in annual dividends and approved a new $10 million share buyback.
1. Record 2025 Financial Performance
Ituran generated revenues of $359.0 million in 2025, a 7% increase year-over-year, driven by a subscriber base expansion to 2.63 million. Net income reached $58.0 million (up 8%) and full-year EBITDA rose 5% to $96.2 million, supported by record operating cash flow of $88.6 million.
2. Fourth Quarter Metrics and Shareholder Returns
In Q4, Ituran added 42,000 subscribers, lifting revenue by 13% to $93.5 million and EBITDA by 12% to $25.3 million. Management declared a special $20 million dividend on top of the $10 million quarterly payout and authorized a further $10 million share repurchase.
3. Strong Balance Sheet
At year-end, Ituran held net cash and marketable securities of $107.6 million and achieved record quarterly operating cash flow of $29.4 million. The company’s robust liquidity underpins its dividend policy and buyback programs.
4. 2026 Outlook and Strategic Initiatives
Ituran projects 160,000–180,000 net new subscribers in 2026, fueled by its Stellantis OEM deal and expansions of IturanMob in the U.S., Big Data monetization and the Credit Carbon platform for EV owners.