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Tower Limited (ASX:TWR)

ALERT: Price-sensitive ASX Announcement for TWR
Current share price for TWR : $1.520 -0.16 (-9.52%)+
Announcement
Release
27 Nov 2025 7:30AM
Price at Release
$1.680
Full Release
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Summary
Tower Limited reported a record underlying net profit after tax (NPAT) of $107.2 million for the financial year ending 30 September 2025, reflecting significant growth from $83.5 million in the previous year. This was driven by low large events costs and improved business-as-usual claims ratios. The gross written premium increased 2% to $600 million, with customer numbers rising by 4% to 318,000. A final fully imputed dividend of 16.5 cents per share was declared, resulting in total dividends of 24.5 cents per share for FY25. These results underscore Tower's focus on sustainable growth and efficiency, bolstered by strategic partnerships and risk-based pricing enhancements.
Key Points
  • Tower Limited reported a record underlying NPAT of $107.2 million for FY25, up from $83.5 million in FY24.
  • Reported profit was $83.7 million, an increase from $74.3 million in FY24.
  • Gross written premium grew by 2% to $600 million.
  • Customer numbers increased by 4% to 318,000.
  • The BAU claims ratio improved to 41% from 48% in FY24.
  • A fully imputed final dividend of 16.5 cents per share was declared, bringing total dividends for FY25 to 24.5 cents per share.
  • Tower's Board aimed to distribute benefits from lower large events costs to shareholders.
  • Tower launched a new partnership with Westpac NZ to offer general insurance products to their retail customers.
  • The company achieved a reduction in the natural hazards portion of premiums for 90% of existing customers.
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.