Harmony Gold Mining Company (HAR) H2 2026 (Media) earnings summary

Executive summary

• FY 2026 marked a pivotal year, achieving gold production guidance for the 11th consecutive year and delivering on all key operating metrics.

• Strategic investments and disciplined execution supported the evolution into a diversified global gold and copper producer.

Financial highlights

• Revenue rose 34% year-over-year to ZAR 100 billion ($5.9 billion).

• Headline earnings per share increased 87% to ZAR 43.63.

• Group operating free cash flow grew 54% to a record ZAR 17 billion ($1 billion).

• Record final dividend of ZAR 4.8 billion (ZAR 7.50/share), full-year dividend ZAR 8.2 billion (ZAR 12.80/share), yield ~3.5%.

Outlook and guidance

• Focus from 2026–2030 will be on execution and unlocking embedded asset value.

• Beyond 2030, expects meaningful cash flow inflection as margins strengthen and costs decline.

• Confident outlook supported by a strong balance sheet and diversified gold and copper portfolio.