Harmony Gold Mining Company Limited (HMY) financial statements

Basic Materials · Gold · Market cap $9.9B

Harmony Gold Mining Company Limited reported revenue of 73.9B ZAR in fiscal 2025, up 18.1% a year over 8 years.

Net income was 14.4B ZAR and the operating margin 27.5%, against -5.1% in 2017.

Free cash flow was 10.8B ZAR, and the company returned 2.1B ZAR in dividends.

The diluted share count rose 37% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (ZAR).

-20020406080201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in ZAR, from Harmony Gold Mining Company Limited's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Revenue19.5B ZAR20.5B ZAR26.9B ZAR29.2B ZAR41.7B ZAR42.6B ZAR49.3B ZAR61.4B ZAR73.9B ZAR
Cost of revenue19.9B ZAR23.6B ZAR28.9B ZAR25.9B ZAR35.5B ZAR41.9B ZAR39.5B ZAR47.2B ZAR49.6B ZAR
Gross profit-375M ZAR-3.1B ZAR-2.0B ZAR3.3B ZAR6.2B ZAR718M ZAR9.7B ZAR14.1B ZAR24.3B ZAR
Selling, general and admin517M ZAR813M ZAR731M ZAR611M ZAR1.1B ZAR984M ZAR1.0B ZAR1.3B ZAR1.6B ZAR
Operating income-994M ZAR-4.7B ZAR-2.5B ZAR-358M ZAR6.5B ZAR-755M ZAR7.1B ZAR11.7B ZAR20.4B ZAR
Interest expense234M ZAR330M ZAR575M ZAR661M ZAR661M ZAR718M ZAR994M ZAR796M ZAR698M ZAR
Pre-tax income-148M ZAR-4.7B ZAR-2.7B ZAR-595M ZAR6.4B ZAR-1.1B ZAR6.6B ZAR11.8B ZAR21.2B ZAR
Income tax-510M ZAR-234M ZAR-139M ZAR255M ZAR1.3B ZAR-46M ZAR1.7B ZAR3.1B ZAR6.7B ZAR
Net income362M ZAR-4.5B ZAR-2.6B ZAR-878M ZAR5.1B ZAR-1.1B ZAR4.8B ZAR8.6B ZAR14.4B ZAR
EPS (diluted)0.79 ZAR-10.04 ZAR-5.00 ZAR-1.66 ZAR8.25 ZAR-1.72 ZAR7.77 ZAR13.64 ZAR22.88 ZAR
Diluted shares459M465M533M547M616M615M620M630M629M
Gross margin-1.9%-15.4%-7.3%11.4%15.0%1.7%19.8%23.0%32.8%
Operating margin-5.1%-22.8%-9.4%-1.2%15.5%-1.8%14.4%19.0%27.5%
Net margin1.9%-21.9%-9.7%-3.0%12.2%-2.5%9.8%14.0%19.5%

Balance sheet

Fiscal years, in ZAR, from Harmony Gold Mining Company Limited's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Cash and short-term investments1.2B ZAR706M ZAR993M ZAR6.4B ZAR2.8B ZAR2.4B ZAR2.9B ZAR4.7B ZAR13.1B ZAR
Receivables—1.1B ZAR1.1B ZAR1.3B ZAR1.7B ZAR1.7B ZAR2.4B ZAR2.6B ZAR4.0B ZAR
Inventory—1.8B ZAR2.0B ZAR2.4B ZAR2.5B ZAR2.8B ZAR3.3B ZAR3.6B ZAR3.8B ZAR
Total current assets—4.2B ZAR4.4B ZAR10.2B ZAR8.6B ZAR7.5B ZAR8.7B ZAR11.5B ZAR21.3B ZAR
Property, plant and equipment—31.0B ZAR27.7B ZAR29.2B ZAR33.6B ZAR32.9B ZAR41.5B ZAR41.3B ZAR48.3B ZAR
Goodwill—526M ZAR520M ZAR520M ZAR333M ZAR0 ZAR0 ZAR——
Total assets38.9B ZAR39.5B ZAR36.7B ZAR44.7B ZAR48.8B ZAR46.8B ZAR57.2B ZAR60.5B ZAR77.5B ZAR
Total current liabilities—3.6B ZAR3.2B ZAR7.6B ZAR5.6B ZAR5.0B ZAR6.9B ZAR7.4B ZAR12.4B ZAR
Long-term debt—4.9B ZAR5.8B ZAR7.5B ZAR3.0B ZAR3.2B ZAR5.6B ZAR1.8B ZAR1.9B ZAR
Total liabilities—14.1B ZAR14.1B ZAR21.3B ZAR17.6B ZAR16.7B ZAR22.4B ZAR19.5B ZAR29.0B ZAR
Shareholders' equity29.3B ZAR25.4B ZAR22.6B ZAR23.4B ZAR31.2B ZAR30.0B ZAR34.8B ZAR40.8B ZAR48.2B ZAR
Net debt-1.2B ZAR4.9B ZAR4.9B ZAR1.4B ZAR542M ZAR757M ZAR2.8B ZAR-2.9B ZAR-11.1B ZAR

Cash flow

Fiscal years, in ZAR, from Harmony Gold Mining Company Limited's 10-K filings with the SEC.

Fiscal year201720182019202020212022202320242025
Operating cash flow3.8B ZAR3.9B ZAR4.7B ZAR4.7B ZAR9.2B ZAR6.9B ZAR9.9B ZAR15.7B ZAR22.6B ZAR
Capital spending3.9B ZAR4.6B ZAR5.0B ZAR3.6B ZAR5.1B ZAR6.2B ZAR7.6B ZAR8.4B ZAR11.9B ZAR
Free cash flow-86M ZAR-687M ZAR-358M ZAR1.1B ZAR4.0B ZAR710M ZAR2.3B ZAR7.3B ZAR10.8B ZAR
Stock-based compensation391M ZAR363M ZAR230M ZAR180M ZAR160M ZAR145M ZAR112M ZAR250M ZAR699M ZAR
Dividends paid439M ZAR154M ZAR0 ZAR3M ZAR684M ZAR430M ZAR154M ZAR1.4B ZAR2.1B ZAR
Net borrowing-11M ZAR2.9B ZAR169M ZAR880M ZAR-3.5B ZAR-544M ZAR1.5B ZAR-3.7B ZAR176M ZAR
Free cash flow margin-0.4%-3.4%-1.3%3.8%9.7%1.7%4.7%11.8%14.6%
Dividends per share0.96 ZAR0.33 ZAR—0.01 ZAR1.11 ZAR0.70 ZAR0.25 ZAR2.28 ZAR3.34 ZAR
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Questions

What was Harmony Gold Mining Company Limited's revenue in 2025?

73.9B ZAR in fiscal 2025, from its 10-K filing.

How much free cash flow does Harmony Gold Mining Company Limited generate?

10.8B ZAR in fiscal 2025 (operating cash flow minus capital spending).

From Harmony Gold Mining Company Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.