HMY · CIK 0001023514
HARMONY GOLD MINING COMPANY LIMITED
Annual figures as reported, FY2016–FY2025. Ratios and growth rates derived on-page.
Gold and Silver Ores
Company profile
Revenue
ZAR 73.9B
▲ +20.4% vs FY2024
Net income
ZAR 14.5B
▲ +67.4% vs FY2024
Free cash flow
ZAR 10.8B
▲ +48.8% vs FY2024
Diluted EPS
ZAR 22.88
▲ +67.7% vs FY2024
Revenue
Annual, as reported
Net income
Losses shown in terracotta
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Gross marginOperating marginNet margin
Returns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paid
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedRevenue CAGR
+20.1%
3y
+20.4%
5y
Free cash flow CAGR
+147.7%
3y
+57.5%
5y
Share count change (split-adjusted)
+14.9%
5y
Key ratios
derived per fiscal year| Fiscal year | Gross margin | Op. margin | Net margin | FCF margin | ROE | ROA | Current ratio | Debt / equity | DPS |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | 32.8% | 27.5% | 19.7% | 14.6% | 30.0% | 18.8% | 1.72× | 0.04× | ZAR 3.21 |
| FY2024 | 23.0% | 19.0% | 14.2% | 11.8% | 21.2% | 14.4% | 1.56× | 0.04× | ZAR 2.22 |
| FY2023 | 19.8% | 14.4% | 9.9% | 4.7% | 14.0% | 8.5% | 1.26× | 0.16× | ZAR 0.22 |
| FY2022 | 1.7% | −1.8% | −2.4% | 1.7% | −3.4% | −2.2% | 1.51× | 0.11× | ZAR 0.67 |
| FY2021 | 15.0% | 15.5% | 12.3% | 9.7% | 16.4% | 10.5% | 1.54× | 0.11× | ZAR 1.10 |
| FY2020 | 11.4% | −1.2% | −2.9% | 3.8% | −3.6% | −1.9% | 1.34× | 0.33× | ZAR 0.00 |
| FY2019 | −7.3% | −9.4% | −9.7% | −1.3% | −11.5% | −7.1% | 1.35× | 0.26× | ZAR 0.00 |
| FY2018 | −15.4% | −22.8% | −21.9% | −3.3% | −17.6% | −11.3% | 1.16× | 0.22× | ZAR 0.35 |
| FY2017 | −1.9% | −5.1% | 1.9% | −0.4% | 1.2% | 0.9% | — | — | ZAR 1.00 |
| FY2016 | — | — | — | — | — | — | — | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ZAR 73.9B | ZAR 24.3B | ZAR 20.4B | ZAR 14.5B | ZAR 22.88 | ZAR 22.6B | ZAR 11.9B | ZAR 77.5B | ZAR 29.0B | ZAR 48.5B | ZAR 13.1B | ZAR 2.0B |
| FY2024 | ZAR 61.4B | ZAR 14.1B | ZAR 11.7B | ZAR 8.7B | ZAR 13.64 | ZAR 15.7B | ZAR 8.4B | ZAR 60.5B | ZAR 19.5B | ZAR 40.9B | ZAR 4.7B | ZAR 1.8B |
| FY2023 | ZAR 49.3B | ZAR 9.7B | ZAR 7.1B | ZAR 4.9B | ZAR 7.77 | ZAR 9.9B | ZAR 7.6B | ZAR 57.2B | ZAR 22.4B | ZAR 34.9B | ZAR 2.9B | ZAR 5.7B |
| FY2022 | ZAR 42.6B | ZAR 718.0M | −ZAR 755.0M | −ZAR 1.0B | −ZAR 1.72 | ZAR 6.9B | ZAR 6.2B | ZAR 46.8B | ZAR 16.7B | ZAR 30.1B | ZAR 2.4B | ZAR 3.2B |
| FY2021 | ZAR 41.7B | ZAR 6.2B | ZAR 6.5B | ZAR 5.1B | ZAR 8.25 | ZAR 9.2B | ZAR 5.1B | ZAR 48.8B | ZAR 17.6B | ZAR 31.2B | ZAR 2.8B | ZAR 3.4B |
| FY2020 | ZAR 29.2B | ZAR 3.3B | −ZAR 358.0M | −ZAR 850.0M | −ZAR 1.66 | ZAR 4.7B | ZAR 3.6B | ZAR 44.7B | ZAR 21.3B | ZAR 23.4B | ZAR 6.4B | ZAR 7.7B |
| FY2019 | ZAR 26.9B | −ZAR 2.0B | −ZAR 2.5B | −ZAR 2.6B | −ZAR 5.00 | ZAR 4.7B | ZAR 5.0B | ZAR 36.7B | ZAR 14.1B | ZAR 22.6B | ZAR 993.0M | ZAR 5.9B |
| FY2018 | ZAR 20.5B | −ZAR 3.1B | −ZAR 4.7B | −ZAR 4.5B | −ZAR 10.04 | ZAR 3.9B | ZAR 4.6B | ZAR 39.5B | ZAR 14.1B | ZAR 25.4B | ZAR 706.0M | ZAR 5.6B |
| FY2017 | ZAR 19.5B | −ZAR 375.0M | −ZAR 994.0M | ZAR 362.0M | ZAR 0.79 | ZAR 3.8B | ZAR 3.9B | ZAR 38.9B | ZAR 9.6B | ZAR 29.3B | ZAR 1.2B | — |
| FY2016 | — | — | — | — | — | — | — | — | — | ZAR 28.2B | ZAR 1.3B | — |
Latest filings
the most recent regulatory filings6-KForeign issuer report2026-06-30 ↗6-KForeign issuer report2026-06-22 ↗6-KForeign issuer report2026-05-29 ↗6-KForeign issuer report2026-05-26 ↗6-KForeign issuer report2026-05-18 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗6-KForeign issuer report2026-04-29 ↗6-KForeign issuer report2026-04-20 ↗6-KForeign issuer report2026-03-26 ↗6-KForeign issuer report2026-03-11 ↗
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