ITRN Overview

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New Agreement with Renault: Ituran Location and Control Ltd. has signed a three-year service agreement with Renault to provide vehicle telematics services in Latin America, with potential for global expansion.

Growth Potential: The partnership is expected to enhance Ituran's market presence and accelerate subscriber growth, as it aligns with Renault's strategy to offer innovative services to customers.

Milestone Celebration: Ituran Location and Control Ltd. will ring the Nasdaq Opening Bell on November 25, 2025, to celebrate 30 years since its founding and 20 years since its IPO.

Company Growth: Founded in 1995, Ituran has grown to connect over 2.5 million subscribers globally, expanding its services from vehicle recovery to a comprehensive suite of telematics and mobility solutions.

Leadership Vision: CEO Eyal Sheratzky emphasized the company's commitment to innovation and the use of big data and AI to lead in the mobility transformation, while continuing to deliver value to customers and partners.

Global Presence: Ituran operates in over 20 countries with a significant market position in Israel and Latin America, employing approximately 2,800 people and offering a range of location-based services for various industries.

Dividend Announcement: Ituran Location and Control Ltd. will distribute a cash dividend of $0.50 per share, totaling approximately $10 million, to shareholders of record as of December 29, 2025, with payment scheduled for January 15, 2026.

Financial Health: The Board of Directors confirmed that the dividend distribution will not affect the company's operational capabilities, with retained earnings projected to decrease from $239 million to $229 million post-distribution, and a cash balance of $93.1 million as of September 30, 2025.

Company Overview: Ituran is a leader in mobility technology, providing location-based services such as stolen vehicle recovery and fleet management, with a significant presence in Israel and Latin America, serving over 2.5 million subscribers.

Global Presence: Established in 1995, Ituran operates in multiple countries with approximately 2,800 employees and is also involved in promoting smart mobility technology through its DRIVE startup incubator in Tel Aviv.

Earnings Performance: Ituran Location reported Q3 GAAP EPS of $0.74, exceeding expectations by $0.04, with revenue of $92.3 million, a 10.5% year-over-year increase, also surpassing estimates by $5.78 million.

Subscriber Growth and Financials: The company added 40,000 net subscribers during the quarter, with EBITDA reaching $24.6 million, a 6% increase from the previous year, and cash flow from operations at $21.3 million.

Dividend Declaration: The Board declared a quarterly dividend of $10.0 million, equating to $0.50 per share.

Balance Sheet Strength: As of September 30, 2025, Ituran had net cash, including marketable securities, of $93.1 million, an increase from $77.3 million at the end of 2024.

Conference Call Announcement: Ituran Location and Control Ltd. will release its third quarter 2025 results on November 18, 2025, followed by a video conference call at 9am Eastern Time to discuss the results and answer investor questions.

Company Overview: Ituran is a leader in mobility technology, providing location-based services such as stolen vehicle recovery and fleet management, with a growing subscriber base of over 2.5 million across more than 20 countries.