Harmony's earnings call highlighted a strong financial and operational performance with record cash flows and improved safety metrics. However, the company faced challenges in the second half with safety performance and an increase in production costs. Strategic initiatives in copper and a strong balance sheet position the company well for future growth.

Company Guidance

During Harmony's fiscal year 2025 call, the company provided several key metrics reflecting their performance and future guidance. Harmony achieved its 10th consecutive year of meeting production guidance, with gold production hitting the upper end at 46 tonnes or about 1.48 million ounces, and maintaining all-in sustaining costs at ZAR 1.05 million per kilogram, approximately USD 1,800 per ounce. The company reported a record adjusted free cash flow of over ZAR 11 billion, a 54% increase, and headline earnings per share rose by 26% to ZAR 23.37. Additionally, Harmony declared a record final dividend of ZAR 2.4 billion and noted a significant improvement in safety metrics, achieving the lowest LTIFR in its history at 5.39 per million hours worked. Looking forward, Harmony plans to maintain steady production guidance for FY '26 between 1.4 and 1.5 million ounces, with underground recovered grades remaining strong at above 5.8 grams per tonne. The company is also progressing its MAC Copper acquisition and Eva Copper project, with these ventures expected to enhance their portfolio and contribute significantly to future production.

Consistent Production Guidance Achievement

FY '25 marks Harmony's 10th consecutive year of meeting production guidance, demonstrating operational excellence and effective capital allocation.

Record Financial Performance

Record high cash flows with adjusted free cash flow reaching over ZAR 11 billion at a 16% margin. Headline earnings per share rose by 26% to ZAR 23.37 per share, and a record final dividend of ZAR 2.4 billion was declared.

Improved Safety Metrics

Achieved the lowest ever LTIFR in company history at 5.39 per million hours worked, despite challenges in the second half of the year.

High-Grade Mining Success

Underground recovered grades increased to 6.27 grams per tonne, exceeding upward revised grade guidance.

Strong Balance Sheet and Cash Position

Net cash on the balance sheet surged by 285% to ZAR 11.1 billion, with a significant increase in available liquidity to ZAR 20.9 billion.

Strategic Growth in Copper

Acquisition of MAC Copper and progress on Eva Copper project bolster the portfolio's future growth and diversification.

Harmony Gold Mining (HMY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HMY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2026	2026 (Q2)	0.91 / -	0.683	―	―	―
Aug 28, 2025	2025 (Q4)	0.57 / 0.57	0.23	147.83% (+0.34)
Mar 04, 2025	2025 (Q2)	- / 0.68	0.496	37.70% (+0.19)
Sep 05, 2024	2024 (Q4)	- / 0.23	0.265	-13.21% (-0.04)
Feb 28, 2024	2024 (Q2)	- / 0.50	0.172	188.37% (+0.32)	―	―
Aug 30, 2023	2023 (Q4)	- / 0.27	-0.262	201.15% (+0.53)	―	―
Mar 01, 2023	2023 (Q2)	- / 0.17	0.151	13.91% (+0.02)	―	―
Aug 30, 2022	2022 (Q4)	- / -0.26	-0.079	-231.65% (-0.18)	―	―
Feb 28, 2022	2022 (Q2)	- / 0.15	0.594	-74.58% (-0.44)	―	―
Aug 31, 2021	2021 (Q4)	- / -0.08	-0.248	68.15% (+0.17)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HMY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$14.67	$12.61	-14.04%
Mar 04, 2025	$9.94	$10.44	+5.03%
Sep 05, 2024	$8.93	$8.84	-1.01%
Feb 28, 2024	$5.43	$5.41	-0.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Harmony Gold Mining Co. Ltd (HMY) report earnings?

Harmony Gold Mining Co. Ltd (HMY) is schdueled to report earning on Mar 04, 2026, Before Open (Confirmed).

What is Harmony Gold Mining Co. Ltd (HMY) earnings time?

Harmony Gold Mining Co. Ltd (HMY) earnings time is at Mar 04, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HMY EPS forecast?

HMY EPS forecast for the fiscal quarter 2026 (Q2) is 0.91.

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