Tower Balance Sheet

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

Millions NZD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Investments in Debt Securities	325.86	389.19	367.47	258.76	258.6	277.44
Total Investments	325.9	389.23	367.51	258.8	258.63	277.47
Cash & Equivalents	90.81	63.55	64.69	55.11	84.5	116.13
Reinsurance Recoverable	17.45	20.9	35.5	147.24	19.63	24.21
Other Receivables	12.53	4.36	19.05	12.26	219.08	190.3
Deferred Policy Acquisition Cost	-	-	-	-	37.82	31.97
Property, Plant & Equipment	20.88	23.12	26.73	29.48	28.74	34.95
Goodwill	17.74	17.74	17.74	17.74	17.74	17.74
Other Intangible Assets	76.38	75.72	78.88	80.78	76.91	70.85
Restricted Cash	4.8	7.5	10.7	8.9	-	-
Other Current Assets	-	9.45	13.97	16.92	25.22	3.28
Long-Term Deferred Tax Assets	0.86	1.37	0.38	16.07	23.89	24.45
Other Long-Term Assets	-	-	-	12.04	12.04	12.04
Total Assets	567.35	612.93	635.15	655.34	804.21	803.39
Accounts Payable	-	16.47	22.15	10.83	14.67	22.91
Accrued Expenses	5.88	13.41	3.5	4.23	45.75	40.36
Insurance & Annuity Liabilities	165.93	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	0.11	20.61	0.61	0.2	0.14	0.17
Long-Term Leases	23.29	20.35	23.95	27.14	28.82	33.34
Long-Term Deferred Tax Liabilities	11.17	12.58	13.72	0.18	8.81	2.78
Other Current Liabilities	29.19	18.03	27.57	16.67	12.27	6.61
Other Long-Term Liabilities	13.71	-	1.03	7.09	3.65	0.47
Total Liabilities	249.28	262.27	274.99	357.61	486.69	453.67
Common Stock	417.9	417.22	460.73	460.32	460.19	492.42
Retained Earnings	2.26	35.95	4.43	-58.47	-41.21	-40
Comprehensive Income & Other	-102.09	-102.51	-105.01	-104.11	-101.45	-105.39
Total Common Equity	318.07	350.67	360.16	297.73	317.53	347.04
Minority Interest	-	-	-	-	-	2.68
Shareholders' Equity	318.07	350.67	360.16	297.73	317.53	349.72
Total Liabilities & Equity	567.35	612.93	635.15	655.34	804.21	803.39
Filing Date Shares Outstanding	343.41	342.55	341.54	341.54	341.54	379.48
Total Common Shares Outstanding	343.41	342.55	341.54	341.54	341.54	379.48
Total Debt	23.29	25.55	28.86	32.62	35.05	39.42
Net Cash (Debt)	67.52	38	35.84	22.49	49.45	76.71
Net Cash Growth	121.57%	6.04%	59.31%	-54.51%	-35.54%	7.63%
Net Cash Per Share	0.20	0.10	0.10	0.07	0.14	0.20
Book Value Per Share	0.93	1.02	1.05	0.87	0.93	0.91
Tangible Book Value	223.95	257.21	263.54	199.21	222.88	258.45
Tangible Book Value Per Share	0.65	0.75	0.77	0.58	0.65	0.68
Land	-	-	-	-	-	4.1
Machinery	-	14.39	13.43	11.34	11.73	23.17