Saturday 17 October 2026 Export HMY’s income statement to Excel — free account

Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited’s revenue for fiscal 2026 (year ended June 2026) was $5.9 billion, up 44.3% from fiscal 2025. Revenue growth for three consecutive years, operating cash flow growth for three.

17.12 0.14 +0.82%

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Market cap: $10.7B
P/E: 52.5×
Fwd P/E: 3.6×
Dividend yield: 4.55%
F-score: 6/9
Altman Z: 4.14
Beneish M: −2.22
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 10,650.00

Revenue 5,361.05

Net Income 969.00

Free Cash Flow 355.54

Net Debt 304.38

Current Ratio 0.54

Debt/Equity 0.25

P/E ratio 52.55

Fwd P/E 3.61

P/S ratio 1.39

P/B ratio 2.44

Past 5Y EPS Growth 35.95%

This Y EPS Growth 15.14%

Next Y EPS Growth 24.68%

Next Y revenue growth 923.41%

Next 5Y EPS Growth 11.26%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 87.01%

10-year low 10-year high

P/S against its own 10 years 92.15%

10-year low 10-year high

P/B against its own 10 years 90.16%

10-year low 10-year high

EV/Sales against its own 10 years 92.52%

10-year low 10-year high

EV/FCF against its own 10 years 86.08%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.78

Annual Dividend Yield 4.55%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	8.24	0.32 0.46
2025	1.16	0.12 0.09
2024	0.13	0.08 0.05
2023	0.04	0.04
2022	0.04	0.03 0.01
2021	0.10	0.08 0.02
2020	Powerpack
2017	0.07	0.04 0.03
2016	0.04	0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	170	283	743	562
Receivables	135	139	221	355
Inventory	184	193	211	289
Other	—	—	—	—
	489	615	1,174	1,206

	2023	2024	2025	2026
Payables	295	301	370	576
ST’ Debt	6	0	3	561
Other	86	92	309	250
	387	394	683	1,439

Compound Annual Growth %

	10y	5y	3y
Sales	16.61%	16.64%	28.34%
Cash Flow	20.36%	27.16%	52.50%
Earnings	38.69%	39.26%	85.58%
Book Value	8.83%	17.00%	31.39%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	5,875
’25	—	—	—	—	4,072
’24	—	—	—	—	3,284
’23	—	—	—	—	2,779
’22	—	—	—	—	2,806
’21	—	—	—	—	2,721

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	809	1,990
’25	—	—	—	568	1,248
’24	—	—	—	—	837
’23	—	—	—	—	561
’22	—	—	—	—	456
’21	—	—	—	—	598

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	339	938
’25	—	—	—	300	596
’24	—	—	—	(206)	388
’23	—	363	—	(205)	133
’22	—	198	—	(205)	48
’21	—	238	—	(152)	264

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’26	—	—	—	—	2.74
’25	—	—	—	—	1.26
’24	—	—	—	—	0.73
’23	—	—	—	—	0.44
’22	—	—	—	—	(0.11)
’21	—	—	—	—	0.59

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	1.56	1.43	1.57	1.76	3.00	1.94	2.93	5.40	8.24	13.03	Analyst estimates 2027–2029 Powerpack
	High	2.99	2.53	3.86	7.61	5.76	5.50	6.58	12.29	22.25	26.06
People
People	Employees	30,441	34,031	32,837	33,093	38,459	37,609	34,913	43,667	34,350	—
	Revenue/emp, $m	0.05	0.05	0.06	0.06	0.07	0.07	0.08	0.08	0.12	0.00
Income, $m
Income, $m	Revenue	1,416	1,584	1,897	1,883	2,721	2,806	2,779	3,284	4,072	5,875
	Gross margin, %	(2.26)	(13.64)	(7.27)	11.41	14.96	1.68	19.77	23.05	32.83	44.92
	EBT	(20)	(339)	(194)	(38)	416	(70)	373	630	1,168	2,271
	EBT margin, %	(1.41)	(21.40)	(10.20)	(2.03)	15.29	(2.48)	13.41	19.18	28.70	38.65
	Net income	(20)	(339)	(194)	(38)	416	(70)	373	630	1,168	2,271
	Depreciation	185	200	286	226	253	242	195	248	267	434
Per share, $
Per share, $	Revenue	3.23	3.55	3.62	3.48	4.46	4.58	4.50	5.30	6.55	9.41
	Earnings	0.04	(0.78)	(0.35)	(0.11)	0.60	(0.11)	0.44	0.75	1.27	2.78
	Cash flow	0.64	0.68	0.63	0.56	0.98	0.74	0.91	1.35	2.01	3.19
	Capex	(0.64)	(0.80)	(0.68)	(0.43)	(0.55)	(0.66)	(0.69)	(0.72)	(1.05)	(1.69)
	Free cash flow	(0.01)	(0.12)	(0.05)	0.13	0.43	0.08	0.22	0.63	0.96	1.50
	Book value	5.09	4.11	3.04	2.78	3.33	3.24	3.19	3.54	4.30	7.15
	Shares, m	439	446	524	542	610	612	618	619	622	624
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	7.21	6.61	12.89	28.15	42.88	46.69
	P/S	0.57	0.56	0.37	0.47	0.32	0.24	0.34	0.74	1.13	1.24
	P/B	0.42	0.41	0.58	1.35	0.75	0.74	1.00	1.87	2.37	2.17
	EV/Sales	0.71	0.70	0.51	0.50	0.31	0.25	0.37	0.74	1.06	1.29
	EV/FCF	(32.97)	(32.49)	10.00	12.34	2.85	2.79	7.95	11.64	(39.61)	19.48
Cash, $m
Cash, $m	Operating cash flow	280	303	330	304	598	456	561	837	1,248	1,990
	Capex	(283)	(356)	(355)	(232)	(335)	(407)	(428)	(449)	(652)	(1,052)
	Free cash flow	(3)	(53)	(25)	72	264	48	133	388	596	938
Balance, $m
Balance, $m	Working capital	82	40	81	168	195	166	102	221	491	(234)
	Total debt	177	420	431	509	219	211	321	96	108	561
	Net debt	(36)	327	336	95	(65)	14	151	(187)	(635)	(1)
	Shareholders’ equity	2,234	1,835	1,594	1,505	2,035	1,982	1,967	2,191	2,673	4,462
Returns, %
Returns, %	ROA	0.62	(11.02)	(6.74)	(2.07)	10.95	(2.21)	8.62	14.22	21.12	29.63
	ROIC	(2.30)	(9.68)	(5.79)	(0.90)	13.34	(1.56)	11.81	19.48	34.40	33.70
	ROE	0.82	(15.78)	(10.72)	(3.65)	18.74	(3.45)	13.77	22.10	32.59	48.70

Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Dec 2015

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
RGLD Royal Gold, Inc.	$19.7B	26.0×	16.3×	+114.91% (above 0%: growing)	+38.31% (above 0%: growing)	+119.34% (above 0%: growing)	86.66%	62.13%	Compare
CDE Coeur Mining, Inc.	$15.8B	13.0×	9.8×	+125.86% (above 0%: growing)	+9.09% (above 0%: growing)	+165.48% (above 0%: growing)	49.36%	19.94%	Compare
EQX Equinox Gold Corp.	$13.0B	10.7×	8.0×	+169.33% (above 0%: growing)	+480.00% (above 0%: growing)	−103.64% (below 0%: shrinking)	39.20%	32.14%	Compare
HMY Harmony Gold Mining Company Limited	$10.7B	52.5×	3.6×	−3.10% (below 0%: shrinking)	n/m	+265.24% (above 0%: growing)	26.37%	0.00%
AUGO Aura Minerals Inc.	$7.2B	24.4×	7.3×	+76.42% (above 0%: growing)	+2,263.64% (above 0%: growing)	+0.29% (above 0%: growing)	56.99%	52.18%	Compare
BTG B2Gold Corp	$6.8B	8.7×	5.4×	+14.03% (above 0%: growing)	+158.33% (above 0%: growing)	+462.54% (above 0%: growing)	39.06%	66.07%	Compare
OR OR Royalties Inc.	$6.6B	23.5×	24.0×	+62.05% (above 0%: growing)	+94.12% (above 0%: growing)	+61.89% (above 0%: growing)	84.05%	77.00%	Compare
SSRM Silver Standard Resources Inc.	$6.5B	27.5×	6.4×	+9.46% (above 0%: growing)	+6.82% (above 0%: growing)	−46.58% (below 0%: shrinking)	60.87%	43.19%	Compare
ARIS Aris Mining Corporation	$3.6B	12.5×	—	+62.31% (above 0%: growing)	n/m	−140.02% (below 0%: shrinking)	58.58%	48.02%	Compare
Median of peers	$7.0B	18.3×	8.0×	+69.37%	+94.12%	+31.09%	57.79%	50.10%

All 37 Gold stocks →

Harmony Gold Mining Company Limited (HMY) key facts

Strength: Harmony Gold Mining Company Limited’s revenue for fiscal 2026 (year ended June 2026) was $5.9 billion, up 44.3% from fiscal 2025.
Harmony Gold Mining Company Limited (HMY) is a Gold company in the Basic Materials sector, traded in the US as an ADR.
As of October 16, 2026, HMY traded at $17.12, a market capitalization of $10.7 billion.
Harmony Gold Mining Company Limited pays an annual dividend of $0.78 per share, a yield of 4.55%.
Return on equity was 48.7% and debt-to-equity 0.25.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.14 (safe zone) for fiscal 2026.