Tower Limited (NZE:TWR)

Tower Balance Sheet

Financials in millions NZD. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Investments in Debt Securities	389.19	367.47	258.76	258.6	277.44
Total Investments	389.23	367.51	258.8	258.63	277.47
Cash & Equivalents	63.55	64.69	55.11	84.5	116.13
Reinsurance Recoverable	20.9	35.5	147.24	19.63	24.21
Other Receivables	4.36	19.05	12.26	219.08	190.3
Deferred Policy Acquisition Cost	-	-	-	37.82	31.97
Property, Plant & Equipment	23.12	26.73	29.48	28.74	34.95
Goodwill	17.74	17.74	17.74	17.74	17.74
Other Intangible Assets	75.72	78.88	80.78	76.91	70.85
Restricted Cash	7.5	10.7	8.9	-	-
Other Current Assets	9.45	13.97	16.92	25.22	3.28
Long-Term Deferred Tax Assets	1.37	0.38	16.07	23.89	24.45
Other Long-Term Assets	-	-	12.04	12.04	12.04
Total Assets	612.93	635.15	655.34	804.21	803.39
Accounts Payable	16.47	22.15	10.83	14.67	22.91
Accrued Expenses	13.41	3.5	4.23	45.75	40.36
Insurance & Annuity Liabilities	155.63	177.57	285.81	-	-
Unpaid Claims	-	-	-	124.53	122.34
Unearned Premiums	-	-	-	238.12	212.28
Reinsurance Payable	-	-	-	3.7	6.34
Current Portion of Leases	5.2	4.91	5.48	6.24	6.08
Current Income Taxes Payable	20.61	0.61	0.2	0.14	0.17
Long-Term Leases	20.35	23.95	27.14	28.82	33.34
Long-Term Deferred Tax Liabilities	12.58	13.72	0.18	8.81	2.78
Other Current Liabilities	18.03	27.57	16.67	12.27	6.61
Other Long-Term Liabilities	-	1.03	7.09	3.65	0.47
Total Liabilities	262.27	274.99	357.61	486.69	453.67
Common Stock	417.22	460.73	460.32	460.19	492.42
Retained Earnings	35.95	4.43	-58.47	-41.21	-40
Comprehensive Income & Other	-102.51	-105.01	-104.11	-101.45	-105.39
Total Common Equity	350.67	360.16	297.73	317.53	347.04
Minority Interest	-	-	-	-	2.68
Shareholders' Equity	350.67	360.16	297.73	317.53	349.72
Total Liabilities & Equity	612.93	635.15	655.34	804.21	803.39
Filing Date Shares Outstanding	342.55	341.54	341.54	341.54	379.48
Total Common Shares Outstanding	342.55	341.54	341.54	341.54	379.48
Total Debt	25.55	28.86	32.62	35.05	39.42
Net Cash (Debt)	38	35.84	22.49	49.45	76.71
Net Cash Growth	6.04%	59.31%	-54.51%	-35.54%	7.63%
Net Cash Per Share	0.10	0.10	0.07	0.14	0.20
Book Value Per Share	1.02	1.05	0.87	0.93	0.91
Tangible Book Value	257.21	263.54	199.21	222.88	258.45
Tangible Book Value Per Share	0.75	0.77	0.58	0.65	0.68
Land	-	-	-	-	4.1
Machinery	14.39	13.43	11.34	11.73	23.17

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.