Ituran Location and Control Ltd. (ITRN)

ITRN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	348.41	336.26	319.98	293.07	270.88	245.63
Revenue Growth (YoY)	5.20%	5.09%	9.18%	8.19%	10.28%	-12.07%
Cost of Revenue	175.93	175.64	166.82	155.51	143.05	129.09
Gross Profit	172.48	160.62	153.16	137.56	127.84	116.54
Selling, General & Admin	77.72	71.51	70.28	62.03	59.38	61.75
Research & Development	20.14	18.09	16.99	16.85	14.1	12.77
Other Operating Expenses	-0.03	-0.15	-0.06	-0.09	-0.26	0.03
Operating Expenses	97.83	89.45	87.21	78.79	73.22	74.54
Operating Income	74.65	71.17	65.96	58.77	54.62	42
Interest Expense	-3.14	-2.02	-1.9	-2.58	-2.25	-2.19
Interest & Investment Income	1.85	2.01	1.65	1	0.54	0.3
Earnings From Equity Investments	0.15	-0.12	-0.71	-0.59	-0.1	-0.84
Currency Exchange Gain (Loss)	0.12	0.12	-1.64	-0.54	-0.66	-1.35
Other Non Operating Income (Expenses)	0.08	0.08	0.43	0.04	-0.89	0.08
EBT Excluding Unusual Items	73.7	71.23	63.79	56.11	51.25	37.99
Impairment of Goodwill	-	-	-	-	-	-10.51
Gain (Loss) on Sale of Investments	-0.11	-0.11	-0.09	-3.86	-2.39	4.38
Asset Writedown	-	-	-	-	-	-3.66
Pretax Income	73.59	71.13	63.7	52.25	48.87	28.2
Income Tax Expense	14.57	14.58	13.36	12.75	11.85	10.86
Earnings From Continuing Operations	59.03	56.55	50.34	39.5	37.01	17.34
Minority Interest in Earnings	-2.5	-2.89	-2.21	-2.4	-2.76	-1.22
Net Income	56.53	53.65	48.14	37.1	34.26	16.12
Net Income to Common	56.53	53.65	48.14	37.1	34.26	16.12
Net Income Growth	9.05%	11.46%	29.74%	8.31%	112.47%	134.04%
Shares Outstanding (Basic)	20	20	20	20	21	21
Shares Outstanding (Diluted)	20	20	20	20	21	21
Shares Change (YoY)	0.22%	-0.53%	-2.05%	-1.69%	-0.21%	-1.06%
EPS (Basic)	2.84	2.70	2.41	1.82	1.65	0.77
EPS (Diluted)	2.84	2.70	2.41	1.82	1.65	0.77
EPS Growth	8.81%	12.05%	32.45%	10.17%	114.20%	135.14%
Free Cash Flow	60.26	60.64	62.98	18.61	39.16	49.83
Free Cash Flow Per Share	3.03	3.05	3.15	0.91	1.89	2.39
Dividend Per Share	2.000	1.670	0.930	0.560	0.560	0.480
Dividend Growth	28.21%	79.57%	66.07%	-	16.67%	-50.00%
Gross Margin	49.50%	47.77%	47.87%	46.94%	47.19%	47.45%
Operating Margin	21.43%	21.16%	20.61%	20.05%	20.16%	17.10%
Profit Margin	16.23%	15.96%	15.04%	12.66%	12.65%	6.56%
Free Cash Flow Margin	17.30%	18.03%	19.68%	6.35%	14.46%	20.29%
EBITDA	93.39	91.25	87.02	78.91	72.71	60.83
EBITDA Margin	26.80%	27.14%	27.20%	26.92%	26.84%	24.77%
D&A For EBITDA	18.74	20.08	21.07	20.13	18.1	18.83
EBIT	74.65	71.17	65.96	58.77	54.62	42
EBIT Margin	21.43%	21.16%	20.61%	20.05%	20.16%	17.10%
Effective Tax Rate	19.79%	20.50%	20.97%	24.39%	24.26%	38.50%
Revenue as Reported	348.41	336.26	319.98	293.07	270.88	245.63
Advertising Expenses	-	7.6	7.3	7.3	8	8.1

Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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