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Mar 31
Ituran Q1 2025 Earnings Report
Ituran reported steady growth in Q1 2025, with net income and operating income rising, and a milestone of over 2.5 million subscribers achieved.
Key Takeaways
Ituran delivered a strong Q1 2025 with 99,000 net subscriber additions, growth in net income and operating income, and a boost from a new Stellantis partnership.
Added 99,000 net subscribers, reaching over 2.5 million total
Revenue rose to $86.5 million, up 2% YoY
Net income increased to $14.6 million
New agreement with Stellantis contributed significantly to growth
Ituran
Ituran
Ituran Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProducts Revenue
CapyFin.com Forward Guidance
Ituran raised its 2025 net subscriber addition guidance to reflect strong Q1 growth and new business with Stellantis.
Positive Outlook
- Subscriber addition guidance raised to 220,000–240,000
- Strong partnership with Stellantis initiated
- Increased demand for telematic and financing products
- Continued growth in Latin America
- Stable cash flow and strong balance sheet
Challenges Ahead
- Revenue growth impacted by strong USD
- Product margin variability due to mix changes
- Decrease in net cash from year-end
- Capital expenditures increased YoY
- Foreign exchange negatively impacted cash flow
Revenue & Expenses
Visualization of income flow from segment revenue to net income