Harmony Gold Mining Company Limited

HMYNYSEBasic Materials● Active

$15.71

$-1.60(-9.24%)

Market Cap$9.9B

P/E Ratio—

52W High$26.06

52W Low$12.58

Avg Volume5.3M

Open$16.62

Beta0.70

Free Cash Flow Financials Revenue

Harmony Gold Mining Company Limited (HMY) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HMY · free cash flow · updated Jun 8, 2026

Core FCF metrics

HMY · FCF · TTM · margin & CAGR

Free cash flow was $10.79B for FY2025 (fiscal year ending 2025-06-30), up 48.8% year-over-year The FCF margin was 14.6%. Five-year CAGR stands at +178.8%.

FY2025 Free Cash Flow$10.79B▲ +48.8% YoY

Trailing 12M (TTM)$20.38Btrailing 4 quarters sum

FCF Margin14.6%$10.79B ÷ revenue

3-Year CAGR+147.7%FY2022 → FY2025

5-Year CAGR+178.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HMY · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$22.65B(11.86B)$10.79B▲ +48.8%14.6%

FY2024$15.65B(8.40B)$7.25B▲ +214.2%11.8%

FY2023$9.95B(7.64B)$2.31B▲ +225.1%4.7%

FY2022$6.92B(6.21B)$710.0M▼ 82.4%1.7%

FY2021$9.18B(5.14B)$4.04B▲ +6196.4%9.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HMY · P/FCF · FCF yield · FCF per share

Harmony Gold Mining Company Limited (HMY) trades at a FCF yield of 6.99% and a price-to-free-cash-flow ratio of 0.5x. FCF per share stands at $32.41, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.99%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$32.41

TTM FCF ÷ Shares Outstanding

Price / FCF

x0.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x14.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

HMY · cash flow statement · operating / investing / financing

For FY2025, Harmony Gold Mining Company Limited generated $22.65B in operating cash flow and spent 11.86B in capital expenditures, yielding $10.79B in free cash flow.

Operating Activities

+$22.65B

Cash from core business operations

2025-06-30

Investing Activities

−$11.96B

CapEx, acquisitions & investments

2025-06-30

Financing Activities

−$2.21B

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF ($22.65B) − |CapEx| (11.86B) = FCF ($10.79B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Basic Materials)

HMY vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Harmony Gold Mining Company LimitedYOU

HMY

$10.79B+48.8%14.6%

100%

Southern Copper Corporation

Basic Materials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Harmony Gold Mining Company Limited (HMY) reported free cash flow of $10.79B for FY2025 (fiscal year ending 2025-06-30), up 48.8% year-over-year. The FCF margin was 14.6%.

Based on available data, Harmony Gold Mining Company Limited has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $10.79B in FY2025. The 5-year CAGR stands at +178.8%.

Harmony Gold Mining Company Limited's FCF yield is 6.99% and price-to-FCF ratio is 0.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HMY free cash flow · 8 questions

Harmony Gold Mining Company Limited free cash flow was $10.79B for FY2025, up 48.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $20.38B.

HMY free cash flowHMY FCFHMY FCF 2025HMY free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Harmony Gold Mining Company Limited · Harmony Gold Mining Company Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026