What factors contributed to IDT's consistent EPS growth in 2025?

IDT's consistent EPS growth in 2025 can be attributed to several key factors: 1. **Strong Revenue Growth in Key Segments**: IDT's National Retail Solutions (NRS) and BOSS Money businesses demonstrated significant revenue growth above 30%, driven by strong operational performance and strategic investments. This growth in revenue directly contributes to the increased earnings per share (EPS) as the company's income is spread over fewer shares due to higher profitability. 2. **Improved Profitability**: The Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for IDT's segments, such as NRS and BOSS Money, have shown impressive increases, indicating improved profitability. Higher profitability results in higher net income, which in turn leads to higher EPS. 3. **Strategic Investments and Operating Leverage**: IDT's strategic investments and operating leverage in its business segments have enhanced profitability and contributed to higher EPS. For instance, NRS's operating leverage is evident in its increased Adjusted EBITDA, which is expected to convert to Free Cash Flow. 4. **Dividend Increase and Share Repurchases**: IDT's dividend increase and share repurchases reflect the company's confidence in its cash flow and future earnings. Share repurchases, in particular, can reduce the number of shares outstanding, thereby increasing EPS when net income remains constant. 5. **Market Conditions and Sector Trends**: The telecom sector, though previously impacted by inflation and interest rate hikes, is showing signs of recovery. Falling bond yields have made telecom stocks more attractive, contributing to IDT's positive market sentiment and potential for higher EPS. In summary, IDT's consistent EPS growth in 2025 is a result of strong revenue growth in key segments, improved profitability, strategic investments, dividend increase, share repurchases, and favorable market conditions.