Ituran to Distribute $30M Dividend

This dividend announcement follows a record-breaking year for Ituran in 2025, with revenues hitting $359 million, a 7% increase year-over-year, and net income rising 8% to $58.0 million. The strong performance was driven by a significant expansion of their subscriber base, which grew by 221,000 in 2025 to a total of 2.63 million. The $30 million fourth-quarter distribution includes a $20 million special dividend, supplementing the regular quarterly payout. This brings the total declared dividends for 2025 to $60 million, signaling strong cash flow and confidence in continued profitability. The company's cash reserves were robust, with a year-end net cash position, including marketable securities, of $107.6 million. Ituran's core business is centered on telematics and connected-car services, with the majority of its revenue generated from subscriptions for services like stolen vehicle recovery and fleet management. Subscription fees accounted for 74% of total revenue in 2025, reaching $264.6 million. This recurring revenue model provides a stable financial base for the company. Looking ahead, Ituran is focused on strategic growth initiatives, including expanding its OEM deals, growing its mobility services in the U.S., and launching a new Big Data initiative. The company also authorized an additional $10 million for its share buyback program, further underscoring its commitment to delivering shareholder value.