Tower lifts FY26 guidance: what it means for Tower stock

Published on 10/14/2026 at 00:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tower lifted guidance to NZD 69.00-79.00 million. For Tower stock, that means 345,000 customers.

Guidance and reporting dates

On October 6, 2026, NZX reported Tower's revised underlying net profit after tax range of NZD 69.00 million to NZD 79.00 million.
Customer numbers rose 8.00 percent to 345,000 in fiscal 2026.
Tower will publish full-year results on November 26, 2026.

TWR, NZTWRE0011S2, Illustration mit AI erstellt.

Tower Limited (ISIN NZTWRE0011S2) raised its fiscal 2026 underlying net profit after tax guidance to NZD 69.00 million to NZD 79.00 million on October 6, 2026. For Tower stock, the key issue is whether the insurer can turn lower large-event claims into a repeatable earnings profile, as NZX reported.

What the guidance means for margins

The new range compares with earlier guidance of NZD 55.00 million to NZD 65.00 million. The NZD 14.00 million after-tax uplift reflects an unused large-event allowance, while reported profit will still include customer remediation costs, according to RNZ on October 6, 2026.

Tower's customer base increased 8.00 percent to 345,000 in fiscal 2026, while gross written premium grew 3.00 percent. Reinsurance spending also fell from 13.30 percent of gross written premium in fiscal 2025 to 10.70 percent in fiscal 2026, according to Insurance Business on October 7, 2026.

Three dated earnings signals

On December 2025, Tower faced a NZD 7.00 million penalty and committed to repayments of NZD 12.00 million after a customer discount issue, according to Insurance Business. In May 2026, more than 90.00 percent of new house policies sold in the first half of fiscal 2026 were assessed as low or very low risk for flood, sea surge, and landslide, the same report said.

On October 6, 2026, Tower set its new underlying profit range at NZD 69.00 million to NZD 79.00 million. That sequence puts claims discipline and remediation costs beside the headline guidance increase.

Results date is November 26

Tower is scheduled to publish its fiscal 2026 full-year results on November 26, 2026, according to NZX. The release should provide the audited outcome behind the preliminary guidance and clarify the effect of remediation expenses on reported profit.

On October 13, 2026, Tower Limited was last quoted at AUD 1.67 on the ASX. The NZX listing is identified as TWR.NZ under ISIN NZTWRE0011S2 by Global Banking and Finance Review.