HARMONY GOLD MINING CO LTD
For the period ended Jun 30, 2026. Filed Aug 27, 2026.
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Jun 30, 2026 · Filed Aug 27, 2026
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Contents
Key highlights of FY26 are:
Despite the tragic loss of life in the FY26, the Group achieved an all-time low lost-time injury frequency rate of 5.05 from 5.39 per million hours worked, highlighting continued progress in our journey towards zero harm
87% increase in headline earnings per share to 4 363 SA cents
(258 US cents) from 2 337 SA cents (129 US cents)
103% increase in earnings per share of 4 701 SA cents (278 US cents) from 2 313 SA cents (127 US cents)
Record adjusted free cash flow, up 54% to R17 148 million (US$1 015 million) driven by a higher average gold price received and copper sales from the CSA mine following the acquisition of MAC Copper Limited (“MAC Copper”)
Achieved underground recovered grade of 5.83g/t, above guidance
3% decrease in total gold production to 44 464kg (1 429 551oz) from 46 023kg (1 479 671oz), achieving production guidance for the 11th consecutive year
Achieved copper production of 18 207 tonnes from CSA mine, towards the upper end of guidance, with a recovered grade of 3.75%, well above guidance
13% increase in group all-in sustaining costs (AISC) to R1 191 698/kg (US$2 195/oz) from R1 053 189/kg (US$1 804/oz), in line with guidance
35% increase in average gold price received to R2 069 710/kg (US$3 811/oz) from R1 529 358
/kg (US$2 620/oz)
C1 cash cost of US$2.47/lb, well below guidance
34% increase in group revenue to R99 238 million (US$5 876 million) from R73 896 million (US$4 071 million)
Balance sheet remains healthy and flexible with net debt of R852 million (US$52 million) from net cash of R11 148 million (US$628 million) following the MAC Copper acquisition
Liquidity of R17 101 million (US$1 043 million) in cash and undrawn facilities
Secured a new US$500 million, A$500 million and R7 billion syndicated, multi-currency, multi-tranche funding package, reducing interest costs, extending maturities and strengthening liquidity
Tshepong North life of mine extended to 15 years from six years
Eva Copper construction advanced, with key infrastructure and process plant milestones achieved, following the Final Investment Decision in November 2025
CSA mine integration complete and investment in the mine is underway to position it for the long-term following the acquisition of MAC Copper
A final dividend declared of 750 SA cents (approximately 46.9 US cents) per ordinary share declared (June 2025: 155 SA cents (8.9 US cents)), bringing total FY26 payout to a record R8.1 billion (US$503 million)
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