Core Insights - Harmony Gold Mining Company Limited (HMY) reported adjusted earnings of $1.29 per share for fiscal 2025, a 30% increase from the previous year's adjusted earnings of 99 cents [1][6] - Revenues for fiscal 2025 rose 24% year over year to $4,071 million, with average gold prices received increasing 31% to $2,620 per ounce [1][6] Production and Costs - Gold production for fiscal 2025 was 1,479,671 ounces, reflecting a 5% decrease year over year [2][6] - Cash operating costs per ounce increased by 19% year over year to $1,499, while all-in-sustaining costs rose 20% to $1,806 per ounce [2][6] Financial Overview - As of June 30, 2025, cash and cash equivalents increased by 186% year over year to $738 million [3][6] - Total adjusted free cash flow surged 58% year over year to $614 million in fiscal 2025 [3][6] - Long-term debt at the end of fiscal 2025 was $107 million, up approximately 9% year over year [3][6] Outlook - Harmony Gold anticipates producing between 1.4 million and 1.5 million ounces of gold in fiscal 2026 [4] - Capital expenditures for fiscal 2026 are projected to rise to $699 million due to investments in high-quality ounces and long-term growth initiatives [4] Stock Performance - Shares of Harmony Gold have increased by 38.7% over the past year, compared to a 59.3% growth in the industry [5][6]

Group 1 - The gold sector is experiencing an upward trend despite market conditions, with significant gains in various gold-related stocks and ETFs [1] - As of the latest update, the Gold ETF (GLD.US) has increased by 0.5%, Barrick Mining (B.US) has risen over 1.4%, Gold Fields (GFI.US) has gained over 2.4%, and Harmony Gold (HMY.US) has surged over 5% [1] - Spot gold prices have reached $3,440 per ounce, marking a new high since June 16, with a daily increase of 0.68% [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For August 28, 2025 Harmony Gold Mining Company Limited Randfontein Office Park Corner Main Reef Road and Ward Avenue Randfontein, 1759 South Africa (Address of principal executive offices) * -- (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Johann ...

Financial Data and Key Metrics Changes - The company achieved a record high adjusted free cash flow of over ZAR 11 billion, reflecting a 54% increase [5][36] - Headline earnings per share rose by 25% to ZAR 2,337, with net profit jumping 67% to ZAR 14.6 billion [5][36] - Revenue grew by 20% to ZAR 74 billion, driven by operational consistency and higher gold prices [36][35] - Net cash on the balance sheet surged by 285% to ZAR 11.1 billion, indicating robust cash generation [35][38] Business Line Data and Key Metrics Changes - Underground recovered grades increased to 6.27 grams per tonne, exceeding revised guidance [6][10] - Production from high-grade mines increased by 8% to 16.5 tonnes, with a 10% improvement in grade to 9.89 grams per tonne [18] - All-in sustaining costs for high-grade operations rose by 9% to close to ZAR 860,000 per kilogram [18] Market Data and Key Metrics Changes - The company maintained production guidance at 1,400,000 to 1,500,000 ounces for FY '26, reflecting confidence in ore body performance [24] - The stronger rand resulted in higher reported costs in USD, but the investment case remains strong due to quality assets [11][12] Company Strategy and Development Direction - The company is focused on producing high-quality gold and copper, with a strategic shift towards copper as a significant part of its portfolio [4][28] - Harmony aims to maintain a balance between shareholder returns and disciplined growth, with a strong emphasis on safety and sustainability [16][41] - The acquisition of Mack Copper is expected to enhance the portfolio and improve quality across commodity cycles [4][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant opportunity cost associated with delays in the Wafi Golpu project but emphasized its long-term value [50] - The company is optimistic about the future, with plans to close the Mack Copper acquisition and advance the Eva Copper project [25][32] - Management highlighted the importance of maintaining safety and operational excellence as non-negotiables in their strategy [3][9] Other Important Information - The company has been included in the FTSE for Good Index for the eighth consecutive year, reflecting its commitment to responsible mining [16] - Total capital expenditure is projected to rise to ZAR 12.95 billion, driven by fleet replacement and project advancements [25] Q&A Session Summary Question: Concerns about high grading during high gold prices - Management clarified that Harmony is not high grading but is using a sequential grid mining method to ensure safety and stability in operations [44][45] Question: Opportunity cost analysis regarding Wafi Golpu delays - Management acknowledged the significant opportunity cost but emphasized the project's long-term value and alignment with macroeconomic trends [50][51] Question: Update on Mack Copper and operational changes - Management stated that detailed planning for Mack Copper will begin post-acquisition, with a focus on operational consistency and addressing technical challenges [53][56] Question: Production gap between 2030 and 2035 - Management clarified that the gap is not where Mack Copper will fill in, as it is already included in the production profile [63] Question: Sustainable grade management - Management indicated that while high grades are currently being mined, future grades should be aligned with the stated reserve grade [67][69]

Financial Data and Key Metrics Changes - FY 2025 marked the tenth consecutive year of meeting production guidance, with adjusted free cash flow reaching over ZAR 11 billion at a 16% margin, a 54% increase from the previous year [5][36] - Headline earnings per share rose by 25% to ZAR 2,337, while net profit jumped 67% to ZAR 14.6 billion from ZAR 8.7 billion [5][36] - Revenue grew by 20% to ZAR 74 billion from ZAR 61 billion, driven by operational consistency and higher gold prices [36] Business Line Data and Key Metrics Changes - Underground recovered grades increased to 6.27 grams per tonne, exceeding revised guidance, reflecting improved portfolio quality [6][10] - High-grade mines saw production increase by 8% to 16.5 tonnes, with grades improving by 10% to 9.89 grams per tonne [18] - South African surface operations produced 7.9 tonnes, a 13% decrease due to heavy rainfall, but maintained a solid margin of 36% [23] Market Data and Key Metrics Changes - The company reported a strong balance sheet with net cash surging by 285% to ZAR 11.1 billion, indicating robust cash generation [36] - The market capitalization reached approximately ZAR 180 billion or USD 10 billion, reflecting capital discipline and growth potential [41] Company Strategy and Development Direction - The company is focused on a balanced growth strategy, emphasizing high-quality gold and copper production while maintaining a conservative risk profile [27][44] - The acquisition of Mack Copper is expected to enhance the portfolio, with a final investment decision on the Eva Copper project anticipated later in the year [26][33] - The strategy prioritizes value over volume, with a commitment to responsible growth benefiting all stakeholders [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant opportunity cost associated with delays in the Wafi Golpu project but emphasized its long-term value as a Tier one copper-gold mine [54] - The company remains optimistic about maintaining production guidance of 1.4 to 1.5 million ounces, with underground recovered grades expected to stay strong [25][26] - Management highlighted the importance of safety and operational excellence as foundational to future success [3][5] Other Important Information - The company achieved the lowest ever Lost Time Injury Frequency Rate (LTIFR) in its history, indicating improvements in safety culture [5][8] - The company is committed to sustainability, as evidenced by its inclusion in the FTSE for Good Index for the eighth consecutive year [16] Q&A Session Summary Question: Concerns about high grading during high gold prices - Management clarified that Harmony is not high grading but is using a sequential grid mining method to ensure safety and avoid unnecessary risks [47][48] Question: Opportunity cost analysis regarding Wafi Golpu delays - Management acknowledged the significant opportunity cost but emphasized the project's long-term value and the ongoing efforts to finalize necessary agreements [52][54] Question: Update on Mack Copper and operational changes - Management stated that detailed technical analysis and planning will occur post-acquisition, with updates expected in February [56][58] Question: Production gap and future guidance - Management clarified that the production gap is not where Mack Copper will fill in, as it is already included in the production profile [67]

FY25 ANNUAL RESULTS #MiningWithPurpose #MiningWithPurpose 28 August 2025 Beyers Nel, CEO JSE ticker code HAR / NYSE ticker code HMY © Harmony #MiningWithPurpose FY25 Annual Results Safe harbour statement Disclaimer – Forward Looking Statements 2 This presentation contains forward-looking statements within the meaning of the safe harbour provided by Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), with respect to our financial condition, result ...

Core Viewpoint - Harmony Gold Mining Co. Ltd. (HMY) is expected to report fiscal 2025 results on August 28, with earnings estimated at $2.85 per share, indicating a 190.8% year-over-year increase [1]. Group 1: Earnings and Production Outlook - Higher gold prices and strong production in Q4 are anticipated to positively impact HMY's performance, despite challenges from rising costs [2][6]. - The consensus estimate for fiscal 2025 earnings has remained stable over the past 60 days, with an Earnings ESP of 0.00% and a Zacks Rank of 3 [3]. - HMY is projected to meet its full-year production guidance of 1.4-1.5 million ounces, despite a 6% decline in output during the first nine months due to adverse weather conditions [5][6]. Group 2: Gold Price Dynamics - Gold prices have surged this year, reaching a record high of $3,500 per ounce on April 22, driven by safe-haven demand amid global trade tensions and geopolitical issues [4]. - Although gold prices have retreated from their April highs, they remained above $3,300 per ounce at the end of Q2 [4]. Group 3: Cost Pressures - HMY faces significant cost pressures, with all-in sustaining costs rising approximately 24% in Q3 and total cash costs increasing by 22% year-over-year [8]. - Labor and electricity costs are the largest components of HMY's cost structure, and while the company is pursuing energy-saving initiatives, higher electricity tariffs are expected to continue impacting margins [8]. Group 4: Stock Performance and Valuation - HMY's shares have increased by 53.4% over the past year, outperforming the Zacks Mining – Gold industry and the S&P 500 [9]. - The company is currently trading at a forward 12-month earnings multiple of 5.52, which is about 60.5% lower than the peer group average of 13.97 [12]. Group 5: Development Projects and Strategic Position - HMY has a diverse portfolio of gold development projects, including the Wafi-Golpu copper-gold project in Papua New Guinea, which is expected to significantly enhance the company's reserves [15]. - The company maintains a strong balance sheet and generates substantial cash flows, enabling it to finance development projects and enhance shareholder value [16]. - The acquisition of the Eva Copper project aligns with HMY's strategy to transition into a low-cost gold and copper producer, supported by favorable gold prices [17].

Company Performance - Harmony Gold (HMY) closed at $15.91, reflecting a +2.71% increase from the previous day, outperforming the S&P 500's decline of 0.4% [1] - The stock has appreciated by 4.45% over the past month, surpassing the Basic Materials sector's gain of 2.44% and the S&P 500's gain of 1.67% [1] Earnings Estimates - Harmony Gold is expected to announce its earnings on August 28, 2025, with Zacks Consensus Estimates predicting earnings of $2.85 per share and revenue of $0 million, representing a +190.82% change in earnings from the previous year [2] - The consensus EPS projection has remained stagnant over the past 30 days, and Harmony Gold currently holds a Zacks Rank of 2 (Buy) [5] Analyst Estimates and Valuation - Changes in analyst estimates for Harmony Gold are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - Harmony Gold has a Forward P/E ratio of 5.44, significantly lower than the industry average of 12.96, and a PEG ratio of 0.09 compared to the Mining - Gold industry's average PEG ratio of 0.58 [6] Industry Context - The Mining - Gold industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

智通财经APP获悉，周一，三大指数高开低走，最终均收跌，市场等待CPI与PPI等关键通胀报告。周一 早间，纳指最高上涨至21544.21点，创盘中历史新高。 【美股】截至收盘，道指跌200.52点，跌幅为0.45%，报43975.09点；纳指跌64.62点，跌幅0.3%，报 21385.4点；标普500指数跌16点，跌幅为0.25%，报6373.45点。C3.ai(AI.US)收跌25.6%，英特尔 (INTC.US)涨3.51%，英伟达(NVDA.US)跌0.35%。黄金板块走弱，巴里克矿业(B.US)收跌2.54%，哈莫 尼黄金(HMY.US)跌1.81%。纳斯达克中国金龙指数微跌0.29%。 【宏观消息】 特朗普团队将鲍曼、杰斐逊和洛根纳入美联储主席候选人之列。据两名美国政府官员透露，美联储两位 副主席鲍曼和杰斐逊以及达拉斯联储主席洛根正在考虑在明年美联储主席一职空缺时出任该职位。负责 遴选的财政部长贝森特说，他将在未来几周内面试更多的候选人。官员说，特朗普预计将在今年秋天做 出最后宣布。知情人士说，其他仍在考虑中的人选包括特朗普经济顾问凯文·哈塞特、美联储理事沃 勒、经济学家马克·萨默林以及前美联储官 ...

Company Performance - Harmony Gold (HMY) closed at $15.82, reflecting a -1.25% change from the previous day, underperforming the S&P 500 which lost 0.08% [1] - Prior to the recent trading session, shares of Harmony Gold had gained 11.79%, outperforming the Basic Materials sector's loss of 1.5% and the S&P 500's gain of 1.21% [1] Earnings Forecast - Zacks Consensus Estimates project earnings of $2.85 per share and revenue of $0 million for the year, indicating a significant increase of +190.82% in earnings compared to the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Harmony Gold reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] Zacks Rank and Valuation - Harmony Gold currently holds a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 5.62, which is a discount compared to the industry average Forward P/E of 13.38 [5] - The company has a PEG ratio of 0.1, significantly lower than the Mining - Gold industry's average PEG ratio of 0.58 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]