As part of the 2020 vision, ITN said it wants to grow its presence five-fold in the United States, where it hopes to generate 10 per cent of revenue.
Chief executive John Hardie said: “ITN is evolving from a position of strength and the opportunities are there for the taking.
"After achieving record revenue in the last financial year and six successive years of sustained operating profit growth, we are well placed to build upon that momentum.”
In 2014, ITN reported total revenue of £112m and an operating profit of £5.76m.
Hardie added: “Our numbers tell the story of our success, with revenues up 25 per cent on 2010.
"The 2020 Vision growth plan sets the bar even higher to release the incredible potential that I am confident ITN can achieve as a world-class production company.”