Ituran Location and Control Ltd. announced its consolidated financial results for the second quarter, ended June 30, 2026, showing record quarterly revenue of $104.8 million, a 21% increase year-over-year.
Ituran added 41,000 net subscribers in the quarter, bringing the total subscriber base to 2,711,000. The company also reported net income of $17.3 million, a 29% increase year-over-year and EBITDA grew to $28.5 million, a 24% increase year-over-year.
Ituran also had record quarterly cash flow from operations of $32.2 million and the board declared a quarterly dividend of $10 million, or $0.50 per share.
“The second quarter was an excellent quarter for Ituran,” Eyal Sheratzky, co-CEO of Ituran said. “Revenue reached a record $104.8 million, a 21% increase year-over-year with our recurring subscription revenue growing by 25% year-over-year. Furthermore, our operating income, EBITDA and net income each grew faster than our revenue, demonstrating the operating leverage in our business model.”
