Ituran Accelerates Growth Trajectory with Stellar Q2 2025 Financial Performance

TEL AVIV, Israel – Ituran Location and Control Ltd. (NASDAQ: ITRN; TASE: ITRN), a global leader in advanced connected car solutions and stolen vehicle recovery, today unveiled its robust financial results for the second quarter ended June 30, 2025. The company reported a significant surge in both revenue and profitability, underscoring its continued market leadership and strategic expansion.

For Q2 2025, Ituran announced total revenues of an impressive $75.2 million, marking a substantial increase of 8.5% compared to $69.3 million reported in the second quarter of 2024.

This growth was primarily driven by strong performance across its core segments, particularly the expanding connected car and telematics services, which continue to attract a growing subscriber base globally.

The company's net income for the quarter reached $15.1 million, a remarkable 12.7% rise from $13.4 million in the same period last year.

This translated to a diluted earnings per share (EPS) of $0.75, up from $0.67 in Q2 2024, demonstrating enhanced operational efficiency and effective cost management strategies. Adjusted EBITDA also saw a healthy increase, reaching $25.8 million compared to $23.2 million in the prior year's second quarter, highlighting the company's strong underlying profitability.

Eyal Sheratzky, CEO of Ituran, expressed his enthusiasm regarding the results, stating, "Our second quarter performance is a testament to Ituran’s unwavering commitment to innovation and customer satisfaction.

We are particularly pleased with the continued momentum in our connected car solutions, which are becoming indispensable for both consumer and commercial clients. Our stolen vehicle recovery services also maintained their unparalleled success rates, reinforcing our crucial role in automotive security worldwide."

Sheratzky added, "The strategic investments we've made in R&D and geographic expansion are clearly yielding positive returns.

We are seeing strong subscriber additions in key markets, driven by the value and reliability our advanced telematics platforms offer. As we look ahead, we remain focused on leveraging our technological edge and robust infrastructure to capitalize on the vast opportunities within the global connected mobility ecosystem."

Ituran’s management reiterated its optimistic outlook for the remainder of 2025, anticipating sustained growth in revenue and profitability.

The company plans to continue its focus on enhancing its product portfolio, exploring new strategic partnerships, and expanding its global footprint to consolidate its position as a dominant force in the telematics and mobility services industry.