Harmony Gold reported record financial results for the 2026 fiscal year, characterized by a significant surge in profitability and successful strategic diversification. Revenue grew 34% to $5.88 billion, driven by a 35% increase in realized gold prices and the first full-year contribution from the CSA copper mine. While total gold production saw a slight 3% decrease to 1.43 million ounces, the company successfully met production guidance for the 11th consecutive year and delivered record adjusted free cash flow of over $1 billion.
Key Highlights
- Basic earnings per share increased by 119% to 278 US cents ($2.78) compared to the prior year.
- Adjusted free cash flow reached a record $1.015 billion, a 54% increase driven by higher gold prices and new copper sales.
- Realized gold prices averaged $3,811/oz, a 46% increase that offset higher all-in sustaining costs of $2,195/oz.
- Declared a final dividend of 750 SA cents (approx. 46.9 US cents), bringing the total FY26 payout to a record R8.1 billion ($503 million).