Grange Resources Reports 12% Revenue Decline and 48% Net Income Drop in 1H 2025

Grange Resources reported H1 2025 results with revenue down 12% to AU$206.4m, net income down 48% to AU$13.8m, and EPS down 48% to AU$0.012. The decrease in profit margin was driven by lower revenue.

Ituran Location and Control Ltd. (NASDAQ: ITRN) reported its second quarter 2025 results, showcasing a mixed performance despite challenging economic conditions. The company's revenue decreased by 6% year-over-year (YoY) to $86.8 million, driven by a 2% increase in local currency revenue and a 6% decline in product revenues [1].

The decrease in product revenues was primarily attributed to the two-week suspension of economic activities in Israel due to the war between Israel and Iran. This halt in new car sales and product sales led to a significant 6% drop in product revenues [1]. Additionally, the strengthening of the US dollar against local currencies had a deflating impact on the company's financial results when denominated in US dollars [1].

Despite these challenges, Ituran maintained a strong subscriber growth trajectory, adding 40,000 net subscribers in Q2 2025, bringing the total subscriber base to 2,548,000 as of the quarter-end. The company reiterated its full-year 2025 subscriber growth guidance of 220,000-240,000 net additions [1].

Geographically, Israel continued to be the primary revenue contributor, accounting for 54% of total revenues. Brazil followed with 23% of revenues, while the rest of the world accounted for the remaining 23% [1]. The company also highlighted its expansion into the motorcycle market in South America, with a new OEM deal with BMW Motorrad in Brazil expected to drive subscriber growth [1].

Operating cash flow for the quarter stood at $22.4 million, while the net cash position increased to $88.7 million as of June 30, 2025. The company declared a quarterly dividend of $10 million, representing 50¢ per share, and authorized $6 million for future share buybacks [1].

In summary, Ituran Location and Control reported a challenging but resilient performance in Q2 2025, with a 6% decline in product revenues due to currency movements and the war in Israel. The company maintained its subscriber growth trajectory and expanded its presence in the motorcycle market, positioning itself for future growth.

References:
[1] https://www.aol.com/ituran-itrn-q2-2025-earnings-133332818.html