Tower raises FY26 profit guidance: what it means for Tower stock

Published on 10/19/2026 at 04:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tower lifted NPAT guidance to NZD 69-79 million on October 6, 2026. Tower stock has results on November 26, 2026.

Profit guidance and reporting date

Tower lifted FY26 underlying NPAT guidance to NZD 69.00-79.00 million on October 6, 2026.
Customer numbers reached 345,000 in fiscal year 2026.
Tower stock was trading at NZD 2.08 at 2:37 p.m. NZDT on October 19, 2026, on the NZX.
Tower will publish full fiscal year 2026 results on November 26, 2026.

TWR, NZTWRE0011S2, Illustration mit AI erstellt.

Tower Limited (ISIN NZTWRE0011S2) lifted its fiscal year 2026 underlying net profit after tax guidance to NZD 69.00-79.00 million on October 6, 2026. The company will publish its full results on November 26, 2026, giving Tower stock a clear test for whether the upgrade survives audited figures.

Guidance moved on October 6

According to NZX, the new guidance range compares with the previous NZD 55.00-65.00 million range. The revision followed lower large-event claim costs than the NZD 45.00 million allowance used in the earlier outlook, while further customer remediation costs are expected to affect reported profit.

The operational picture is mixed rather than purely earnings-led. Customer numbers rose 8.00 percent to 345,000 in fiscal year 2026, while gross written premium increased 3.00 percent, according to the NZX announcement. The combination points to customer expansion alongside restrained premium growth.

Three dates explain the shift

In September 2025, Tower renewed its reinsurance program, with reinsurance spending later falling from 13.30 percent of gross written premium in fiscal year 2025 to 10.70 percent in fiscal year 2026, according to Insurance Business. In May 2026, more than 90.00 percent of new house policies sold in the first half of fiscal year 2026 were assessed as low or very low risk for flood, sea surge, and landslide. On October 6, 2026, Tower raised underlying NPAT guidance to NZD 69.00-79.00 million.

What does November 26 mean?

The November 26, 2026 results will show how much of the guidance upgrade came from claim experience and how much remains in the underlying insurance operation. The NZD 14.00 million after-tax benefit identified by Tower from the unused allowance is a useful benchmark, while remediation costs remain a counter-factor.

Dates and market context

The next substantiated company date is November 26, 2026, when Tower will release its fiscal year 2026 results, according to the NZX announcement. The stock was trading at NZD 2.08 on the NZX on October 19, 2026 at 2:37 p.m. NZDT, while its market capitalization was NZD 714.3 million and its 52-week range was NZD 1.79 to NZD 2.17.