Harmony Gold Revenue Hits Record High Amid Capital Spending Concerns

Harmony Gold Mining Company reported record revenue for fiscal year 2026, but its JSE share price dipped in response to higher capital spending and a transitional production period.

The company's financial results reflected the combination of stable production and significantly higher gold prices. Group revenue climbed 34% to R99.2 billion, supported by a 35% increase in the average gold price received.

Net profit more than doubled, rising 102% to R29.5 billion, while operating cash flow increased 48% to R33.6 billion. Adjusted free cash flow reached a record R17.1 billion, up 54% from the previous year.