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Harmony
On this page
Company details
- Legal name
- Harmony Gold Mining Company Limited
- Incorporated in
- South Africa
- Listing
- HAR on the A2X Markets, active · ISIN ZAE000015228 (observed 2026-10-08)
- Sector
- Not classified (our classification from the stated principal activity)
- Financial year ends
- 30 June
Overview
Year ended 30 June 2025 · annual report, signed / final · source
-
Revenue
ZAR 73.9 billion
73,896 ZAR millions · p25
+20.4% vs 2024
-
Operating profit / (loss)
ZAR 20.4 billion
20,357 ZAR millions · p25
+74.3% vs 2024
-
Profit / (loss) for the year
ZAR 14.5 billion
14,548 ZAR millions · p25
+67.4% vs 2024
-
Total assets
ZAR 77.5 billion
77,503 ZAR millions · p27
+28.2% vs 2024
-
Total equity
ZAR 48.5 billion
48,512 ZAR millions · p27
+18.5% vs 2024
-
Cash from operations
ZAR 22.6 billion
22,647 ZAR millions · p29
+44.7% vs 2024
Large amounts are rounded for reading (ZAR million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.
Financial statements
Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in ZAR millions unless the row says otherwise; brackets are negative.
† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table
Column sources
- FY to 30 Jun 2025 — annual report, signed / final; reported for the year · source
- FY to 30 Jun 2024 — annual report, signed / final; comparative in the FY to 30 Jun 2025 filing · source
Income statement
| Line (as printed) | FY to 30 Jun 2025Annual reportreported for the year | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing |
|---|---|---|
| Revenue | 73,896 | 61,379 |
| Cost of sales | (49,635) | (47,233) |
| Production costs1 | (43,155) | (38,923) |
| Amortisation and depreciation2 | (4,842) | (4,642) |
| Impairment of assets3 | –4 | (2,793) |
| Other items5 | (1,638) | (875) |
| Gross profit | 24,261 | 14,146 |
| Corporate, administration and other expenditure | (1,647) | (1,294) |
| Exploration expenditure6 | (915) | (1,047) |
| Gains/(losses) on derivatives7 | (59) | 453 |
| Foreign exchange translation gain/(loss) | (107) | 97 |
| Contingent consideration remeasurement18 | (830) | (484) |
| Other operating expenses1 | (346) | (195) |
| Operating profit | 20,357 | 11,676 |
| Acquisition-related costs9 | (40) | –10 |
| Share of profits from associate | 106 | 81 |
| Impairment of investments in associate11 | (23) | –10 |
| Investment income | 1,504 | 809 |
| Finance costs | (698) | (796) |
| Profit before taxation | 21,206 | 11,770 |
| Taxation | (6,658) | (3,082) |
| Net profit for the year | 14,548 | 8,688 |
| Non-controlling interest12 | 164 | 101 |
| Other comprehensive income for the year, net of income tax | (5,597) | (1,420) |
| Items that may be reclassified subsequently to profit or loss13 | (5,661) | (1,442) |
| Foreign exchange translation gain/(loss)14 | (819) | (943) |
| Remeasurement of gold hedging contracts15 | (4,842) | (499) |
| Items that will not be reclassified to profit or loss16 | 64 | 22 |
| Total comprehensive income for the year | 8,951 | 7,268 |
| Non-controlling interest17 | 164 | 101 |
| Owners of the parent18 | 8,787 | 7,167 |
- Printed “—”, read as nil: subtotal_arithmetic: is.cost_of_sales.
- Printed “—”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (16)
- “Production costs” is an issuer-specific line, not mapped to a shared definition: Component of cost of sales (note 5).
- “Amortisation and depreciation” is an issuer-specific line, not mapped to a shared definition: Component of cost of sales (note 5).
- “Impairment of assets” is an issuer-specific line, not mapped to a shared definition: Component of cost of sales (note 5).
- “Other items” is an issuer-specific line, not mapped to a shared definition: Other items within cost of sales (note 5).
- “Exploration expenditure” is an issuer-specific line, not mapped to a shared definition: Exploration expensed.
- “Gains/(losses) on derivatives” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Contingent consideration remeasurement1” is an issuer-specific line, not mapped to a shared definition: Note 27; reclassified line (note 2).
- “Acquisition-related costs” is an issuer-specific line, not mapped to a shared definition: Note 13.
- “Impairment of investments in associate” is an issuer-specific line, not mapped to a shared definition: Note 19.
- “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Net profit attributable to non-controlling interest.
- “Items that may be reclassified subsequently to profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 23: printed subtotal.
- “Foreign exchange translation gain/(loss)” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, reclassifiable.
- “Remeasurement of gold hedging contracts” is an issuer-specific line, not mapped to a shared definition: Other comprehensive income, reclassifiable.
- “Items that will not be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: Note 23.
- “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Total comprehensive income attributable to non-controlling interest.
- “Owners of the parent” is an issuer-specific line, not mapped to a shared definition: Total comprehensive income attributable to owners of the parent.
Balance sheet
| Line (as printed) | FY to 30 Jun 2025Annual reportreported for the year | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing |
|---|---|---|
| Property, plant and equipment | 48,269 | 41,348 |
| Intangible assets | 6 | 19 |
| Restricted cash and investments1 | 7,015 | 6,494 |
| Investments in associates | 197 | 165 |
| Deferred tax assets | 114 | 140 |
| Other non-current assets2 | 360 | 344 |
| Derivative financial assets3 | 236 | 453 |
| Total non-current assets | 56,197 | 48,963 |
| Inventories | 3,825 | 3,603 |
| Restricted cash and investments1 | 46 | 39 |
| Trade and other receivables | 4,002 | 2,604 |
| Derivative financial assets3 | 332 | 558 |
| Cash and cash equivalents | 13,101 | 4,693 |
| Total current assets | 21,306 | 11,497 |
| Total assets | 77,503 | 60,460 |
| Attributable to equity holders of the parent company | 48,235 | 40,774 |
| Share capital and premium4 | 32,934 | 32,934 |
| Other reserves | 717 | 5,602 |
| Retained earnings | 14,584 | 2,238 |
| Non-controlling interest | 277 | 175 |
| Total equity | 48,512 | 40,949 |
| Deferred tax liabilities | 4,475 | 2,951 |
| Provision for environmental rehabilitation5 | 6,098 | 5,155 |
| Other provisions6 | 196 | 526 |
| Borrowings | 1,894 | 1,785 |
| Contingent consideration liability7 | 976 | 850 |
| Other non-current liabilities8 | 276 | 276 |
| Derivative financial liabilities9 | 2,688 | 609 |
| Total non-current liabilities | 16,603 | 12,152 |
| Other provisions | 65 | 19 |
| Borrowings | 59 | 9 |
| Trade and other payables | 6,724 | 5,629 |
| Contingent consideration liability7 | 481 | 115 |
| Derivative financial liabilities9 | 5,059 | 1,502 |
| Streaming contract liability10 | –11 | 85 |
| Total current liabilities | 12,388 | 7,359 |
| Total equity and liabilities | 77,503 | 60,460 |
- Printed “—”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (10)
- “Restricted cash and investments” is an issuer-specific line, not mapped to a shared definition: Note 15.
- “Other non-current assets” is an issuer-specific line, not mapped to a shared definition: Note 16.
- “Derivative financial assets” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Share capital and premium” is an issuer-specific line, not mapped to a shared definition: Note 22: share capital and share premium combined.
- “Provision for environmental rehabilitation” is an issuer-specific line, not mapped to a shared definition: Note 24.
- “Other provisions” is an issuer-specific line, not mapped to a shared definition: Note 25.
- “Contingent consideration liability” is an issuer-specific line, not mapped to a shared definition: Note 27.
- “Other non-current liabilities” is an issuer-specific line, not mapped to a shared definition: Note 28.
- “Derivative financial liabilities” is an issuer-specific line, not mapped to a shared definition: Note 17.
- “Streaming contract liability” is an issuer-specific line, not mapped to a shared definition: Note 29 (current).
Cash flow
| Line (as printed) | FY to 30 Jun 2025Annual reportreported for the year | FY to 30 Jun 2024Annual reportcomparative in FY to 30 Jun 2025 filing |
|---|---|---|
| Cash generated by operations | 26,322 | 18,175 |
| Dividends received1 | 52 | 27 |
| Interest received | 820 | 343 |
| Interest paid | (258) | (507) |
| Income and mining taxes paid | (4,289) | (2,388) |
| Cash generated by operating activities | 22,647 | 15,650 |
| Increase in restricted cash and investments2 | (372) | (21) |
| Amounts refunded from restricted cash and investments3 | 557 | 120 |
| Acquisition of Eva Copper4 | –5 | –5 |
| Payment of Mponeng contingent consideration liability6 | (338) | (108) |
| ARM BBEE Trust loan repayment7 | 28 | 42 |
| Proceeds from disposal of property, plant and equipment | 25 | 4 |
| Additions to property, plant and equipment | (11,855) | (8,398) |
| Cash utilised by investing activities | (11,955) | (8,361) |
| Borrowings raised | 226 | 300 |
| Borrowings repaid | (50) | (4,047) |
| Partial repurchase of non-controlling interest8 | –9 | (5) |
| Dividend paid | (2,100) | (1,437) |
| Lease payments | (291) | (246) |
| Cash generated/(utilised) by financing activities | (2,215) | (5,435) |
| Foreign currency translation adjustments | (69) | (28) |
| Net increase in cash and cash equivalents | 8,408 | 1,826 |
| Cash and cash equivalents – beginning of year | 4,693 | 2,867 |
| Cash and cash equivalents – end of year | 13,101 | 4,693 |
- Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
- Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (7)
- “Dividends received” is an issuer-specific line, not mapped to a shared definition: Operating activities.
- “Increase in restricted cash and investments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Amounts refunded from restricted cash and investments” is an issuer-specific line, not mapped to a shared definition: Investing activities.
- “Acquisition of Eva Copper” is an issuer-specific line, not mapped to a shared definition: Note 13; investing activities.
- “Payment of Mponeng contingent consideration liability” is an issuer-specific line, not mapped to a shared definition: Note 27; investing activities.
- “ARM BBEE Trust loan repayment” is an issuer-specific line, not mapped to a shared definition: Note 16; investing activities.
- “Partial repurchase of non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Financing activities.
Segments
Segment data not yet collected for this company in the pilot.
Dividends
Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.
| Year ended | Event | Wording as printed | Amount | Unit | Source |
|---|---|---|---|---|---|
| 30 Jun 2025 | Dividends paid (cash flow statement) | Dividend paid |
(2,100) | ZAR millions | Annual report, p29 |
| 30 Jun 2024 | Dividends paid (cash flow statement) | Dividend paid |
(1,437) | ZAR millions | Annual report, p29 |
Sources
Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.
-
Harmony Financial Report 2025 (annual financial statements for the year ended 30 June 2025)
Year ended 30 June 2025 · Annual report · signed / final
Audit: Ernst & Young Incorporated, unmodified opinion · signed
Auditor's sign-off: Ernst & Young Inc. (script firm signature image); Michiel (Mike) Christoffel Herbst, Director, Registered Auditor
Final status: Independent auditor's report of Ernst & Young Incorporated to the shareholders of Harmony Gold Mining Company Limited on the consolidated and separate financial statements set out on pages 24 to 149 (unmodified opinion, PDF p18, image) closes on PDF p24 with the firm's script signature 'Ernst & Young Inc.' above the typeset 'Ernst & Young Inc., Michiel (Mike) Christoffel Herbst, Director, Registered Auditor, Chartered Accountant (SA), 24 October 2025' (page image); the script firm signature is an image and no individual's handwritten signature is shown. The annual financial statements were approved by the board on 24 October 2025; the signatories BB Nel (CEO) and BP Lekubo (FD) are typeset with no visible signature (PDF p16, page image).
- Document date
- 24 Oct 2025
- Auditor's report
- 24 Oct 2025
- Board approval
- 24 Oct 2025
- Retrieved by us
- 17 Oct 2026 (not a publication date)
- Used for
- statement columns FY to 30 Jun 2025, FY to 30 Jun 2024
- Basis
- consolidated statements · ZAR millions (printed “SA Rand, Figures in million”)
- Directory listing is the A2X secondary line (HAR); Harmony's primary listing is the JSE (and NYSE ADRs), not in the directory.
- No total-liabilities line is printed in the balance sheet (p27). Production costs, amortisation and depreciation, impairment of assets and other items are printed as components of cost of sales (p25). Net increase in cash includes the foreign currency translation adjustments (p29).
- The printed 'Net increase in cash and cash equivalents' (8 408; 2024: 1 826) already includes the printed 'Foreign currency translation adjustments' ((69); 2024: (28)): 22 647 - 11 955 - 2 215 - 69 = 8 408, and opening 4 693 + 8 408 = closing 13 101 (p29). The two cf.closing_cash check failures (differences of exactly 69 and 28) come from the check adding the translation adjustment a second time; figures kept as printed.
- The 2024 and 2023 income-statement columns are headed 'Restated1': 'Refer to note 2 for further information on the reclassification restatement of financial statement line items' (p25). The footnote marks 'Contingent consideration remeasurement' and 'Other operating expenses'; those two comparatives are flagged restated.
Technical details
- File
- 156 pages, with a text layer
- SHA-256
e22c225b556741954e468b2b2c2a26e6f2d55c77ac0600a57fa67fe152d3af2d- Entity as printed
- Harmony Gold Mining Company Limited and its subsidiaries ('the group') and company (auditor's report, PDF p18)
- Issuer copy
- retrieved 2026-10-17T14:47:13Z
Data notes
No figure-level notes beyond those in the tables.
Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.
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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.
South Africa country page · Company methodology and coverage