ITRNNasdaqWholesale-Electronic Parts & Equipment, NECUS GAAP · USD

Ituran Location & Control Ltd.

Ituran Location & Control Ltd. provides location-based mobility services centered on vehicle tracking, stolen vehicle recovery, fleet management, and mobile asset control. The company serves customers across Israel, Latin America, and additional international markets through a network of local offices and connected-car service offerings.

Revenue359m USD
+6.8 %y/y
Operating profit (EBIT)77.0m USD
+8.2 %y/y
EBIT margin21.5%
+0.3 ppy/y
Net income58.0m USD
+8.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0100200300400m USD2020: 246 m USD2020: EBIT 28 m USD20202021: 271 m USD2021: EBIT 55 m USD20212022: 293 m USD2022: EBIT 59 m USD20222023: 320 m USD2023: EBIT 66 m USD20232024: 336 m USD2024: EBIT 71 m USD20242025: 359 m USD2025: EBIT 77 m USD202535977
RevenueOperating profit (EBIT)

Business

Share of revenue
Stolen Vehicle Recovery30 %

Tracking and recovery services used to locate and recover stolen vehicles.

Fleet Management25 %

Monitoring and control tools for commercial vehicle fleets and logistics users.

Connected Car Services20 %

Subscription-based services for connected vehicles and driver applications.

OEM Telematics15 %

Telematics platforms and services sold through car manufacturers and dealerships.

Mobile Asset Security10 %

Location and control services for cargo, equipment, and personal security uses.

Customers

Customers include retail vehicle owners, commercial fleet operators, and insurers that use telemetry and recovery services to reduce theft and improve control. The company also serves financing firms and car manufacturers, especially through embedded telematics and OEM programs. In addition, its mobile asset and security services address customers needing visibility over cargo and other high-value assets.

Retail vehicle owners

Buy stolen vehicle recovery and connected-car subscriptions for security and convenience.

Fleet operators

Buy fleet management and tracking tools to monitor assets and improve control.

Insurers

Use telematics and recovery services to lower theft-related claims and losses.

Financing companies

Use tracking services to protect financed vehicles and other collateral.

OEMs and car manufacturers

Integrate Ituran telematics into vehicles sold in Latin America and other markets.

Strategy

The company’s strategy centers on expanding its subscriber base and deepening usage of its location-based and connected-car services. Ituran also leverages its OEM telematics relationships and fleet-security capabilities to widen distribution across vehicle, insurance, and financing channels.

Expand subscriber baseShort term

Recurring subscribers are the core usage base for location-based services and connected-car products.

Deepen OEM telematics penetrationMedium term

OEM channels embed Ituran services into vehicles at scale and support distribution in Latin America.

Broaden mobility and asset security use casesMedium term

More use cases improve customer stickiness and broaden demand beyond consumer recovery services.

Geography

2025

Ituran is headquartered in Israel and has a strong operating base there, while also building a substantial business across Latin America. The company states that its services are used in over 20 countries and that it maintains offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada, and the United States.

Israel55 %
Brazil23 %
Other countries (US filing)22 %

Share of the revenue the company reports by geography.

Risks

Ituran depends on continued demand for subscribed telematics and recovery services, which can be affected by vehicle theft trends, consumer adoption, and OEM purchasing cycles. Its business is also exposed to country-level operating risk across Israel and Latin America, where regulation, currency movements, and local market conditions can affect service delivery and customer behavior.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Subscription demand variability1Latin America country risk2Competitive pressure in telematics3OEM partner dependence4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Subscription demand variabilityImpact: HighLikelihood: Medium

    The model relies on recurring subscriber growth and renewals across recovery and connected-car services.

    Exposure: Retail and fleet subscribers

  2. Latin America country riskImpact: HighLikelihood: Medium

    A large share of operations and OEM activity is concentrated in Latin America, exposing results to local volatility.

    ExposureBrazilMexicoArgentinaOther Latin American markets
  3. Competitive pressure in telematicsImpact: MediumLikelihood: High

    Tracking and connected-car services can face pricing pressure and feature commoditization over time.

    Exposure: Fleet and consumer telematics

  4. OEM partner dependenceImpact: MediumLikelihood: Medium

    Telematics embedded through automakers depends on partner production volumes and contract renewals.

    Exposure: OEM telematics channels

Accounting

Judgemental items
Revenue recognition for subscriptions

Service contracts and bundled offerings require judgment on timing and allocation between elements.

Impact: Affects quarterly revenue timing and subscription growth reporting

Seasonality and subscriber timing

Subscriber additions and renewals can vary by quarter, affecting revenue comparability.

Impact: Impacts year-over-year quarterly trend analysis

Foreign currency translation

Operations span multiple currencies, especially in Latin America and Israel.

Impact: Can affect reported revenue, expenses, and equity

Impairment and estimate sensitivity

Technology, customer, and contractual assets may require judgmental valuation or impairment testing.

Impact: Could affect asset values and operating results

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Ituran Location & Control Ltd. (ITRN) Revenue, Earnings & Financials 2025 – Clarifo