ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the Third Quarter of 2025

Rhea-AI Summary

Allison Worldwide (Stagwell: STGW) announced the appointment of Hank Kosinski as Chief Creative Officer and Chief Marketing Officer, effective Oct. 1, 2025. Kosinski joins from WPP's VML and brings over two decades of global creative leadership working on brands such as Microsoft, Nike, Coca-Cola, Lego, Heineken, Ferrero, Mercedes Benz, Verizon, and Pfizer.

He will lead creative, client-work ideation, agency marketing, and thought leadership, reporting to CEO Jonathan Heit. Allison executive chair Ray Day highlighted Kosinski's track record in turning creative into business results, and Kosinski said he aims to help accelerate the agency's next chapter of growth.

AZOUR, Israel, Nov. 18, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.50 per share, totaling approximately US$ 10 million. The dividend will be paid to shareholders of record as of December 29, 2025. The Company will pay the dividend out on January 15, 2026, net of taxes at the rate of 25%.

In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due.

Retained earnings as of September 30, 2025, prior to the distribution was US$ 239.0 million and retained earnings will reach US$ 229.0 million after the distribution. The Board of Directors emphasized that as of September 30, 2025, the Company had a cash balance in hand of US$ 93.1 million (this amount is prior to the payment of a dividend of approximately US$ 10 million which was issued for the second quarter 2025 and was paid out in October 2025). The Company had no outstanding credit from banking institutions. As of September 30, 2025, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$ 137.1 million and current liabilities were in the sum of US$ 102.4 million.

About Ituran

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to over 2.5 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran's website, at: www.ituran.com

Company Contact Udi Mizrahi udi_m@ituran.com  Deputy CEO &VP Finance, Ituran  (Israel) +972 3 557 1348

International Investor Relations Ehud Helft ituran@ekgir.com  EK Global Investor Relations (US) +1 212 378 8040

Logo: https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg

 

FAQ

Who is Hank Kosinski and what role did he take at Allison Worldwide (STGW)?

Hank Kosinski was named Chief Creative Officer and Chief Marketing Officer at Allison Worldwide, effective Oct. 1, 2025.

When does Hank Kosinski start at Allison Worldwide and who does he report to at STGW?

Kosinski starts on Oct. 1, 2025 and will report to Allison CEO Jonathan Heit.

What is Hank Kosinski's prior experience before joining Allison Worldwide (STGW)?

He joins from WPP's VML where he was executive creative director and previously held senior creative roles at Gardner Nelson + Partners, Goodby Silverstein + Partners, Lowe, Merkley, and McCann.

Which major clients has Hank Kosinski worked with before joining Allison (STGW)?

His portfolio includes work for Microsoft, Nike, Coca-Cola, Lego, Heineken, Ferrero, Mercedes Benz, Verizon, and Pfizer.

What responsibilities will Kosinski have as CCO and CMO at Allison Worldwide (STGW)?

He will lead all creative, client-work ideation, agency marketing, and thought leadership across the agency.

What did Allison leadership say about the appointment at Stagwell (STGW)?

Allison executive chair Ray Day said Kosinski is a proven leader who helps turn creative into business results and will support client success and growth.