Harmony Gold Mining Company Ltd
JSE:HAR
Income Statement
Earnings Waterfall
Harmony Gold Mining Company Ltd
Income Statement
Harmony Gold Mining Company Ltd
| Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
500
|
0
|
0
|
0
|
505
|
0
|
0
|
0
|
436
|
0
|
0
|
0
|
454
|
0
|
0
|
0
|
524
|
0
|
0
|
0
|
212
|
0
|
0
|
0
|
84
|
0
|
0
|
0
|
139
|
0
|
0
|
0
|
147
|
0
|
0
|
0
|
256
|
0
|
0
|
0
|
277
|
0
|
0
|
0
|
264
|
0
|
0
|
0
|
330
|
0
|
269
|
0
|
370
|
130
|
220
|
77
|
195
|
0
|
373
|
0
|
224
|
0
|
148
|
|
| Revenue |
8 789
N/A
|
8 973
+2%
|
8 546
-5%
|
8 122
-5%
|
7 822
-4%
|
7 444
-5%
|
7 455
+0%
|
7 624
+2%
|
8 039
+5%
|
8 323
+4%
|
8 196
-2%
|
8 422
+3%
|
9 148
+9%
|
8 125
-11%
|
8 290
+2%
|
8 877
+7%
|
9 210
+4%
|
10 160
+10%
|
11 189
+10%
|
11 453
+2%
|
11 496
+0%
|
11 561
+1%
|
11 386
-2%
|
10 902
-4%
|
11 284
+4%
|
11 620
+3%
|
11 248
-3%
|
11 488
+2%
|
12 445
+8%
|
12 087
-3%
|
13 927
+15%
|
14 388
+3%
|
15 169
+5%
|
16 468
+9%
|
16 047
-3%
|
16 353
+2%
|
15 902
-3%
|
15 047
-5%
|
15 100
+0%
|
15 402
+2%
|
15 682
+2%
|
16 095
+3%
|
15 739
-2%
|
15 337
-3%
|
15 435
+1%
|
15 144
-2%
|
15 996
+6%
|
9 875
-38%
|
20 452
+107%
|
24 366
+19%
|
26 912
+10%
|
28 600
+6%
|
29 245
+2%
|
35 356
+21%
|
41 733
+18%
|
42 096
+1%
|
42 645
+1%
|
43 953
+3%
|
49 275
+12%
|
57 431
+17%
|
61 379
+7%
|
67 105
+9%
|
73 896
+10%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(2 853)
|
(9 484)
|
(9 031)
|
(8 644)
|
(2 558)
|
(7 705)
|
(7 628)
|
(7 601)
|
(6 580)
|
(7 285)
|
(6 858)
|
(6 688)
|
(6 866)
|
(7 220)
|
(7 641)
|
(7 966)
|
(7 656)
|
(8 105)
|
(8 542)
|
(8 693)
|
(9 313)
|
(9 461)
|
(9 640)
|
(9 713)
|
(9 948)
|
(10 268)
|
(9 751)
|
(9 874)
|
(11 193)
|
(10 294)
|
(11 341)
|
(11 635)
|
(12 028)
|
(12 486)
|
(13 048)
|
(13 626)
|
(13 621)
|
(13 924)
|
(14 050)
|
(14 266)
|
(14 375)
|
(15 005)
|
(15 028)
|
(14 999)
|
(15 331)
|
(15 148)
|
(15 261)
|
(8 630)
|
(18 052)
|
(22 189)
|
(24 729)
|
(25 444)
|
(25 868)
|
(29 227)
|
(34 033)
|
(36 240)
|
(37 463)
|
(38 253)
|
(39 505)
|
(42 475)
|
(44 354)
|
(46 605)
|
(49 435)
|
|
| Gross Profit |
5 936
N/A
|
(511)
N/A
|
(485)
+5%
|
(522)
-8%
|
5 264
N/A
|
(261)
N/A
|
(173)
+34%
|
23
N/A
|
1 459
+6 243%
|
1 038
-29%
|
1 338
+29%
|
1 734
+30%
|
2 282
+32%
|
905
-60%
|
649
-28%
|
911
+40%
|
1 554
+71%
|
2 055
+32%
|
2 647
+29%
|
2 760
+4%
|
2 183
-21%
|
2 100
-4%
|
1 746
-17%
|
1 189
-32%
|
1 336
+12%
|
1 352
+1%
|
1 497
+11%
|
1 614
+8%
|
1 252
-22%
|
1 793
+43%
|
2 586
+44%
|
2 753
+6%
|
3 141
+14%
|
3 982
+27%
|
2 999
-25%
|
2 727
-9%
|
2 281
-16%
|
1 123
-51%
|
1 050
-7%
|
1 136
+8%
|
1 307
+15%
|
1 090
-17%
|
711
-35%
|
338
-52%
|
104
-69%
|
(4)
N/A
|
735
N/A
|
1 245
+69%
|
2 400
+93%
|
2 177
-9%
|
2 183
+0%
|
3 156
+45%
|
3 377
+7%
|
6 129
+81%
|
7 700
+26%
|
5 856
-24%
|
5 182
-12%
|
5 700
+10%
|
9 770
+71%
|
14 956
+53%
|
17 025
+14%
|
20 500
+20%
|
24 461
+19%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(6 802)
|
(589)
|
(779)
|
(1 064)
|
(6 793)
|
(941)
|
(930)
|
(743)
|
(1 595)
|
(544)
|
(872)
|
(455)
|
(1 279)
|
(261)
|
(386)
|
(499)
|
(523)
|
(446)
|
(257)
|
(419)
|
(808)
|
(775)
|
(937)
|
(882)
|
(740)
|
(791)
|
(759)
|
(776)
|
(815)
|
(658)
|
(697)
|
(771)
|
(942)
|
(1 117)
|
(1 217)
|
(1 391)
|
(1 285)
|
(1 586)
|
(1 674)
|
(1 462)
|
(994)
|
(1 304)
|
(1 174)
|
(1 221)
|
(723)
|
(1 269)
|
(1 561)
|
(393)
|
(1 045)
|
(1 212)
|
(1 025)
|
(1 003)
|
(1 027)
|
(1 154)
|
(1 245)
|
(1 446)
|
(1 169)
|
(1 168)
|
(1 819)
|
(2 693)
|
(3 110)
|
(3 245)
|
(3 572)
|
|
| Selling, General & Administrative |
(5 232)
|
(488)
|
(603)
|
(791)
|
(5 648)
|
(837)
|
(809)
|
(635)
|
(391)
|
(393)
|
(340)
|
(249)
|
(341)
|
(215)
|
(196)
|
(263)
|
(228)
|
(247)
|
(270)
|
(313)
|
(362)
|
(350)
|
(353)
|
(355)
|
(463)
|
(396)
|
(381)
|
(382)
|
(438)
|
(308)
|
(313)
|
(325)
|
(428)
|
(381)
|
(404)
|
(429)
|
(595)
|
(464)
|
(458)
|
(446)
|
(451)
|
(433)
|
(414)
|
(395)
|
(393)
|
(356)
|
(366)
|
(308)
|
(813)
|
(931)
|
(731)
|
(656)
|
(674)
|
(858)
|
(1 115)
|
(1 110)
|
(1 006)
|
(1 055)
|
(1 048)
|
(1 166)
|
(1 329)
|
(1 463)
|
(1 628)
|
|
| Research & Development |
(103)
|
(113)
|
(98)
|
(97)
|
(72)
|
(66)
|
(78)
|
(86)
|
(107)
|
(122)
|
(142)
|
(146)
|
(194)
|
(204)
|
(194)
|
(243)
|
(205)
|
(232)
|
(275)
|
(256)
|
(289)
|
(255)
|
(215)
|
(226)
|
(219)
|
(270)
|
(276)
|
(285)
|
(353)
|
(321)
|
(369)
|
(438)
|
(500)
|
(558)
|
(601)
|
(614)
|
(673)
|
(660)
|
(630)
|
(563)
|
(458)
|
(401)
|
(384)
|
(333)
|
(263)
|
(221)
|
(186)
|
(81)
|
(135)
|
(126)
|
(148)
|
(203)
|
(205)
|
(154)
|
(177)
|
(202)
|
(214)
|
(271)
|
(506)
|
(921)
|
(1 047)
|
(1 004)
|
(915)
|
|
| Depreciation & Amortization |
(933)
|
0
|
(6)
|
(25)
|
(829)
|
(45)
|
(49)
|
(47)
|
(1 089)
|
0
|
0
|
0
|
(863)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(534)
|
12
|
(72)
|
(151)
|
(244)
|
7
|
6
|
25
|
(8)
|
(29)
|
(390)
|
(60)
|
119
|
158
|
4
|
7
|
(90)
|
33
|
288
|
150
|
(157)
|
(170)
|
(369)
|
(301)
|
(58)
|
(125)
|
(102)
|
(109)
|
(24)
|
(29)
|
(15)
|
(8)
|
(14)
|
(178)
|
(212)
|
(348)
|
(17)
|
(462)
|
(586)
|
(453)
|
(85)
|
(470)
|
(376)
|
(493)
|
(67)
|
(692)
|
(1 009)
|
(4)
|
(97)
|
(155)
|
(146)
|
(144)
|
(148)
|
(142)
|
47
|
(134)
|
51
|
158
|
(265)
|
(606)
|
(734)
|
(778)
|
(1 029)
|
|
| Operating Income |
(866)
N/A
|
(1 100)
-27%
|
(1 264)
-15%
|
(1 586)
-25%
|
(1 529)
+4%
|
(1 202)
+21%
|
(1 103)
+8%
|
(720)
+35%
|
(136)
+81%
|
494
N/A
|
466
-6%
|
1 279
+174%
|
1 003
-22%
|
644
-36%
|
263
-59%
|
412
+57%
|
1 031
+150%
|
1 609
+56%
|
2 390
+49%
|
2 341
-2%
|
1 375
-41%
|
1 325
-4%
|
809
-39%
|
307
-62%
|
596
+94%
|
561
-6%
|
738
+32%
|
838
+14%
|
437
-48%
|
1 135
+160%
|
1 889
+66%
|
1 982
+5%
|
2 199
+11%
|
2 865
+30%
|
1 782
-38%
|
1 336
-25%
|
996
-25%
|
(463)
N/A
|
(624)
-35%
|
(326)
+48%
|
313
N/A
|
(214)
N/A
|
(463)
-116%
|
(883)
-91%
|
(619)
+30%
|
(1 273)
-106%
|
(826)
+35%
|
852
N/A
|
1 355
+59%
|
965
-29%
|
1 158
+20%
|
2 153
+86%
|
2 350
+9%
|
4 975
+112%
|
6 455
+30%
|
4 410
-32%
|
4 013
-9%
|
4 532
+13%
|
7 951
+75%
|
12 263
+54%
|
13 915
+13%
|
17 255
+24%
|
20 889
+21%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(180)
|
(138)
|
(49)
|
(129)
|
(356)
|
(697)
|
(510)
|
(666)
|
(246)
|
(440)
|
159
|
144
|
(136)
|
(378)
|
(678)
|
(744)
|
(738)
|
(272)
|
(330)
|
(5)
|
200
|
197
|
366
|
104
|
11
|
220
|
194
|
190
|
215
|
(122)
|
(138)
|
(121)
|
4
|
16
|
75
|
77
|
(228)
|
122
|
96
|
139
|
(186)
|
(65)
|
(98)
|
(141)
|
(389)
|
(37)
|
(58)
|
583
|
(532)
|
(1 419)
|
190
|
425
|
(2 762)
|
(1 289)
|
1 886
|
(198)
|
(54)
|
314
|
(481)
|
(896)
|
1 216
|
317
|
1 296
|
|
| Non-Reccuring Items |
211
|
287
|
(235)
|
(1 752)
|
(2 373)
|
(2 110)
|
(2 098)
|
(568)
|
(5)
|
277
|
265
|
206
|
329
|
(46)
|
(122)
|
(109)
|
(624)
|
(349)
|
(368)
|
214
|
330
|
(13)
|
(24)
|
(890)
|
(432)
|
(496)
|
(421)
|
(285)
|
(535)
|
(442)
|
(444)
|
(295)
|
(134)
|
25
|
(43)
|
(35)
|
(2 796)
|
(3 015)
|
(2 964)
|
(3 059)
|
(1 676)
|
(1 623)
|
(2 184)
|
(2 063)
|
(4 232)
|
(4 182)
|
(3 549)
|
(179)
|
(5 530)
|
(5 480)
|
(4 094)
|
(3 958)
|
(183)
|
(116)
|
(1 518)
|
(2 522)
|
(4 494)
|
(4 912)
|
(243)
|
394
|
(2 789)
|
(2 969)
|
(429)
|
|
| Total Other Income |
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(139)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(441)
|
(254)
|
(523)
|
(269)
|
(621)
|
0
|
(572)
|
0
|
(550)
|
|
| Pre-Tax Income |
(835)
N/A
|
(951)
-14%
|
(1 548)
-63%
|
(3 467)
-124%
|
(4 258)
-23%
|
(4 009)
+6%
|
(3 711)
+7%
|
(1 954)
+47%
|
(387)
+80%
|
331
N/A
|
890
+169%
|
1 629
+83%
|
1 196
-27%
|
220
-82%
|
(537)
N/A
|
(441)
+18%
|
(331)
+25%
|
988
N/A
|
1 692
+71%
|
2 550
+51%
|
1 905
-25%
|
1 509
-21%
|
1 151
-24%
|
(479)
N/A
|
175
N/A
|
285
+63%
|
511
+79%
|
743
+45%
|
117
-84%
|
571
+388%
|
1 307
+129%
|
1 566
+20%
|
1 930
+23%
|
2 906
+51%
|
1 814
-38%
|
1 378
-24%
|
(2 028)
N/A
|
(3 356)
-65%
|
(3 492)
-4%
|
(3 246)
+7%
|
(1 549)
+52%
|
(1 902)
-23%
|
(2 745)
-44%
|
(3 087)
-12%
|
(5 240)
-70%
|
(5 492)
-5%
|
(4 433)
+19%
|
1 256
N/A
|
(4 707)
N/A
|
(5 934)
-26%
|
(2 746)
+54%
|
(1 380)
+50%
|
(595)
+57%
|
3 570
N/A
|
6 382
+79%
|
1 436
-77%
|
(1 058)
N/A
|
(335)
+68%
|
6 606
N/A
|
11 761
+78%
|
11 770
+0%
|
14 603
+24%
|
21 206
+45%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
305
|
273
|
396
|
741
|
803
|
742
|
684
|
405
|
(138)
|
(315)
|
(413)
|
(677)
|
(249)
|
(141)
|
(87)
|
(135)
|
(465)
|
(726)
|
(890)
|
(1 011)
|
(196)
|
31
|
189
|
453
|
(335)
|
(308)
|
(304)
|
20
|
480
|
324
|
123
|
460
|
123
|
(155)
|
63
|
(617)
|
(655)
|
(359)
|
(327)
|
(298)
|
279
|
353
|
432
|
480
|
704
|
701
|
573
|
(359)
|
234
|
545
|
139
|
30
|
(255)
|
(1 152)
|
(1 258)
|
(720)
|
46
|
(220)
|
(1 723)
|
(2 779)
|
(3 082)
|
(3 946)
|
(6 658)
|
|
| Income from Continuing Operations |
(530)
|
(678)
|
(1 152)
|
(2 726)
|
(3 455)
|
(3 267)
|
(3 027)
|
(1 549)
|
(525)
|
16
|
477
|
952
|
947
|
79
|
(624)
|
(576)
|
(796)
|
262
|
802
|
1 539
|
1 709
|
1 540
|
1 340
|
(26)
|
(160)
|
(23)
|
207
|
763
|
597
|
895
|
1 430
|
2 026
|
2 053
|
2 751
|
1 877
|
761
|
(2 683)
|
(3 715)
|
(3 819)
|
(3 544)
|
(1 270)
|
(1 549)
|
(2 313)
|
(2 607)
|
(4 536)
|
(4 791)
|
(3 860)
|
897
|
(4 473)
|
(5 389)
|
(2 607)
|
(1 350)
|
(850)
|
2 418
|
5 124
|
716
|
(1 012)
|
(555)
|
4 883
|
8 982
|
8 688
|
10 657
|
14 548
|
|
| Income to Minority Interest |
7
|
0
|
29
|
32
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(28)
|
(55)
|
(37)
|
(27)
|
(40)
|
(45)
|
(63)
|
(81)
|
(101)
|
(133)
|
(164)
|
|
| Net Income (Common) |
(523)
N/A
|
(671)
-28%
|
(1 123)
-67%
|
(2 694)
-140%
|
(3 455)
-28%
|
(3 267)
+5%
|
(3 027)
+7%
|
(1 549)
+49%
|
(525)
+66%
|
91
N/A
|
538
+491%
|
977
+82%
|
341
-65%
|
(466)
N/A
|
(891)
-91%
|
(810)
+9%
|
(245)
+70%
|
723
N/A
|
1 993
+176%
|
2 618
+31%
|
2 927
+12%
|
2 496
-15%
|
1 298
-48%
|
32
-98%
|
(192)
N/A
|
(62)
+68%
|
139
N/A
|
672
+383%
|
617
-8%
|
993
+61%
|
1 720
+73%
|
2 496
+45%
|
2 645
+6%
|
3 403
+29%
|
2 370
-30%
|
1 255
-47%
|
(2 369)
N/A
|
(3 572)
-51%
|
(3 676)
-3%
|
(3 544)
+4%
|
(1 270)
+64%
|
(1 549)
-22%
|
(2 313)
-49%
|
(2 607)
-13%
|
(4 536)
-74%
|
(4 791)
-6%
|
(3 860)
+19%
|
897
N/A
|
(4 473)
N/A
|
(5 389)
-20%
|
(2 607)
+52%
|
(1 350)
+48%
|
(878)
+35%
|
2 363
N/A
|
5 087
+115%
|
689
-86%
|
(1 052)
N/A
|
(600)
+43%
|
4 820
N/A
|
8 901
+85%
|
8 587
-4%
|
10 524
+23%
|
14 384
+37%
|
|
| EPS (Diluted) |
-2.06
N/A
|
-2.09
-1%
|
-3.25
-56%
|
-6.86
-111%
|
-9.55
-39%
|
-8.32
+13%
|
-7.59
+9%
|
-3.93
+48%
|
-1.33
+66%
|
0.22
N/A
|
1.31
+495%
|
2.34
+79%
|
0.84
-64%
|
-1.16
N/A
|
-2.2
-90%
|
-2.03
+8%
|
-0.61
+70%
|
1.77
N/A
|
4.89
+176%
|
6.48
+33%
|
7.03
+8%
|
5.86
-17%
|
3.03
-48%
|
0.07
-98%
|
-0.45
N/A
|
-0.14
+69%
|
0.31
N/A
|
1.56
+403%
|
1.43
-8%
|
2.3
+61%
|
3.97
+73%
|
5.68
+43%
|
6.12
+8%
|
7.86
+28%
|
5.47
-30%
|
2.9
-47%
|
-5.48
N/A
|
-8.24
-50%
|
-8.49
-3%
|
-8.15
+4%
|
-2.93
+64%
|
-3.57
-22%
|
-5.26
-47%
|
-6.01
-14%
|
-10.44
-74%
|
-11.02
-6%
|
-8.77
+20%
|
1.98
N/A
|
-10.03
N/A
|
-10.46
-4%
|
-4.98
+52%
|
-2.52
+49%
|
-1.64
+35%
|
3.83
N/A
|
8.25
+115%
|
1.1
-87%
|
-1.72
N/A
|
-0.96
+44%
|
7.8
N/A
|
14.33
+84%
|
13.64
-5%
|
16.83
+23%
|
22.88
+36%
|
|