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Tower Limited (ASX:TWR)

ALERT: Price-sensitive ASX Announcement for TWR
Current share price for TWR : $1.545 0.105 (7.29%)+
Announcement
Release
12 Sep 2025 7:30AM
Price at Release
$1.440
Full Release
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Summary
Tower Limited has updated its financial guidance for the fiscal year ending 30 September 2025. The company now expects its underlying net profit after tax to be between $100 million and $110 million, an increase from the previous range of $70 million to $80 million. This revision assumes no large events occur in September 2025, with $7 million already recorded as large events costs this fiscal year. Tower has seen a 5% customer growth to 318,000 customers, primarily in the New Zealand house insurance sector. The company adjusted its gross written premium growth guidance to 2%-3% and revised its management expense ratio to around 31%, reflecting competitive pricing and continued investment in technology and growth initiatives.
Key Points
  • Updated FY25 underlying NPAT guidance to $100m-$110m.
  • Prior guidance was $70m-$80m with full utilization of the $50m large events allowance.
  • Current large events costs are $7m for FY25.
  • Customer base increased by 5% to 318,000.
  • House insurance policies in New Zealand grew by 10%.
  • Gross written premium growth revised to 2%-3%.
  • Management expense ratio anticipated at around 31%.
  • Continued investment in technology and growth initiatives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.