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[6-K] Harmony Gold Mining Company Limited Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Harmony Gold reported mixed operational and financial results. Total gold production fell 5% to 46,023kg (1,479,671oz) but remained within guidance, while Mponeng mine delivered a strong 19% production increase and exceptional recovered grades of 11.27g/t. Group all-in sustaining costs rose 17% to R1,054,346/kg (US$1,806/oz), consistent with guidance, but the average gold price received increased 27% to R1,529,358/kg (US$2,620/oz). Higher prices and volumes lifted group revenue 20% to R73,896 million (US$4,071 million). Net cash strengthened 285% to R11,148 million (US$628 million) and liquidity totaled R20,925 million (US$1,179 million). Mineral resources expanded: Eva Copper resource up 31% to 1.93Mt contained copper and gold resources rose 12% to 492koz; company-wide declared mineral resources are 135.5Moz with reserves of 36.8Moz. MAC Copper acquisition is expected to close October 2025. A final dividend of 155 SA cents (~8.9 US cents) per share was declared, bringing FY25 payout to R2.4 billion (US$133 million).

Harmony Gold ha riportato risultati operativi e finanziari contrastanti. La produzione totale d'oro è diminuita del 5% a 46.023 kg (1.479.671 oz) ma è rimasta all'interno della guidance, mentre la miniera di Mponeng ha registrato un forte incremento della produzione del 19% e grade recuperati eccezionali di 11,27 g/t. I costi sostenuti totali per il gruppo (all-in sustaining costs) sono aumentati del 17% a R1.054.346/kg (US$1.806/oz), in linea con la guidance, ma il prezzo medio dell'oro ricevuto è salito del 27% a R1.529.358/kg (US$2.620/oz). Prezzi e volumi più elevati hanno fatto aumentare i ricavi del gruppo del 20% a R73.896 milioni (US$4.071 milioni). La posizione di cassa netta si è rafforzata del 285% a R11.148 milioni (US$628 milioni) e la liquidità complessiva è stata di R20.925 milioni (US$1.179 milioni). Le risorse minerarie sono cresciute: la risorsa di Eva Copper è aumentata del 31% a 1,93 Mt di rame contenuto e le risorse d'oro sono salite del 12% a 492 koz; le risorse minerarie dichiarate a livello di gruppo sono 135,5 Moz con riserve di 36,8 Moz. Si prevede che l'acquisizione di MAC Copper si concluda nell'ottobre 2025. È stato dichiarato un dividendo finale di 155 centesimi ZAR (~8,9 centesimi USD) per azione, portando il pagamento per l'anno fiscale 2025 a R2,4 miliardi (US$133 milioni).

Harmony Gold informó resultados operativos y financieros mixtos. La producción total de oro cayó un 5% hasta 46.023 kg (1.479.671 oz) pero se mantuvo dentro de la guía, mientras que la mina Mponeng registró un sólido aumento de la producción del 19% y leyes recuperadas excepcionales de 11,27 g/t. Los costos sostenidos totales del grupo (all-in sustaining costs) aumentaron un 17% hasta R1.054.346/kg (US$1.806/oz), en línea con la guía, pero el precio medio del oro recibido subió un 27% hasta R1.529.358/kg (US$2.620/oz). Precios y volúmenes más altos impulsaron los ingresos del grupo un 20% hasta R73.896 millones (US$4.071 millones). El efectivo neto se fortaleció un 285% hasta R11.148 millones (US$628 millones) y la liquidez totalizó R20.925 millones (US$1.179 millones). Las reservas minerales se ampliaron: el recurso de Eva Copper subió un 31% hasta 1,93 Mt de cobre contenido y los recursos de oro aumentaron un 12% hasta 492 koz; los recursos minerales declarados a nivel de compañía son 135,5 Moz con reservas de 36,8 Moz. Se espera que la adquisición de MAC Copper cierre en octubre de 2025. Se declaró un dividendo final de 155 centavos ZAR (~8,9 centavos USD) por acción, llevando el pago del ejercicio 2025 a R2,4 mil millones (US$133 millones).

하모니 골드는 혼조된 운영 및 재무 실적을 보고했습니다. 총 금 생산량은 5% 감소한 46,023kg(1,479,671oz)이었으나 가이던스 범위 내에 있었고, 믑넹(Mponeng) 광산은 견조한 19% 생산 증가와 11.27g/t의 뛰어난 회수 품위를 기록했습니다. 그룹의 전부문 유지비용(all-in sustaining costs)은 17% 상승한 R1,054,346/kg(US$1,806/oz)로 가이던스와 일치했으나, 수취한 금의 평균가격은 27% 상승한 R1,529,358/kg(US$2,620/oz)이었습니다. 높은 가격과 물량으로 그룹 매출은 20% 증가한 R73,896백만(US$4,071백만)을 기록했습니다. 순현금은 285% 증가한 R11,148백만(US$628백만)으로 강화되었고, 유동성은 총 R20,925백만(US$1,179백만)이었습니다. 광물 자원은 확장되었습니다: 에바 구리(Eva Copper) 자원은 31% 증가하여 1.93Mt의 함유 구리로, 금 자원은 12% 증가하여 492koz가 되었습니다; 회사 전체 선언된 광물 자원은 135.5Moz, 매장량(reserves)은 36.8Moz입니다. MAC Copper 인수는 2025년 10월 마감될 예정입니다. 주당 155 남아프리카 센트(약 미화 8.9센트)의 최종 배당금이 선언되어 2025 회계연도 배당금 총액은 R2.4십억(US$133백만)이 되었습니다.

Harmony Gold a publié des résultats opérationnels et financiers contrastés. La production totale d'or a diminué de 5% à 46 023 kg (1 479 671 oz) mais est restée conforme aux prévisions, tandis que la mine de Mponeng a affiché une forte hausse de production de 19% et des teneurs récupérées exceptionnelles de 11,27 g/t. Les coûts totaux de maintien du groupe (all-in sustaining costs) ont augmenté de 17% à R1 054 346/kg (US$1 806/oz), en ligne avec les prévisions, mais le prix moyen de l'or reçu a augmenté de 27% à R1 529 358/kg (US$2 620/oz). Des prix et volumes plus élevés ont porté le chiffre d'affaires du groupe à R73 896 millions (US$4 071 millions), en hausse de 20%. La trésorerie nette s'est renforcée de 285% à R11 148 millions (US$628 millions) et la liquidité totale s'est élevée à R20 925 millions (US$1 179 millions). Les ressources minérales se sont accrues : la ressource d'Eva Copper a augmenté de 31% à 1,93 Mt de cuivre contenu et les ressources aurifères ont crû de 12% à 492 koz ; les ressources minérales déclarées au niveau du groupe s'élèvent à 135,5 Moz avec des réserves de 36,8 Moz. L'acquisition de MAC Copper devrait se finaliser en octobre 2025. Un dividende final de 155 cents ZA (~8,9 cents US) par action a été déclaré, portant le versement pour l'exercice 2025 à R2,4 milliards (US$133 millions).

Harmony Gold meldete gemischte operative und finanzielle Ergebnisse. Die Gesamtgoldproduktion sank um 5% auf 46.023 kg (1.479.671 oz), blieb jedoch innerhalb der Guidance, während die Mponeng-Mine eine starke Produktionssteigerung von 19% und außergewöhnliche aufbereitete Gehalte von 11,27 g/t erzielte. Die gruppenweiten All-in-sustaining-Kosten stiegen um 17% auf R1.054.346/kg (US$1.806/oz), im Einklang mit der Guidance, während der durchschnittlich realisierte Goldpreis um 27% auf R1.529.358/kg (US$2.620/oz) zunahm. Höhere Preise und Mengen hoben den Gruppenumsatz um 20% auf R73.896 Millionen (US$4.071 Millionen). Der Netto-Cashbestand stärkte sich um 285% auf R11.148 Millionen (US$628 Millionen) und die Liquidität belief sich auf R20.925 Millionen (US$1.179 Millionen). Die mineralischen Ressourcen weiteten sich aus: Die Eva-Copper-Ressource stieg um 31% auf 1,93 Mt enthaltenes Kupfer und die Goldressourcen wuchsen um 12% auf 492 koz; die unternehmensweit deklarierten mineralischen Ressourcen betragen 135,5 Moz bei Reserven von 36,8 Moz. Der Erwerb von MAC Copper soll im Oktober 2025 abgeschlossen werden. Eine finale Dividende von 155 SA-Cent (ca. 8,9 US-Cent) je Aktie wurde angekündigt, wodurch die Ausschüttung für FY25 R2,4 Milliarden (US$133 Millionen) beträgt.

Positive
  • Group revenue increased 20% to R73,896 million (US$4,071 million).
  • Net cash improved 285% to R11,148 million (US$628 million), providing greater liquidity.
  • Average gold price received rose 27% to R1,529,358/kg (US$2,620/oz), supporting margins.
  • Mponeng production increased 19% with recovered grades of 11.27g/t.
  • Declared Mineral Resources of 135.5Moz and Mineral Reserves of 36.8Moz; Eva Copper resource up 31%.
Negative
  • Total gold production decreased 5% to 46,023kg (1,479,671oz).
  • Group all-in sustaining costs rose 17% to R1,054,346/kg (US$1,806/oz), increasing unit cost pressure.

Insights

TL;DR: Revenue, cash and resource growth offset lower production and higher costs, improving financial flexibility.

Revenue up 20% and a 285% rise in net cash materially strengthen the balance sheet and funding optionality. The 17% rise in AISC raises unit cost pressure but was offset by a 27% increase in realised gold price, preserving margins. Mponeng's 19% production uplift and high recovered grade are operational positives. Resource expansions at Eva Copper and across the group enhance long‑term optionality. The expected MAC Copper acquisition could be strategically significant but closing is pending.

TL;DR: Strong cash position and declared dividend show capital returns discipline; acquisition pending may change profile.

Record FY25 dividend of R2.4 billion signals shareholder returns confidence supported by improved liquidity of R20,925 million. The planned MAC Copper acquisition (expected October 2025) is material and should be evaluated for synergy, funding and integration risk once transaction details are finalised. No governance issues or contingencies are disclosed in the provided text.

Harmony Gold ha riportato risultati operativi e finanziari contrastanti. La produzione totale d'oro è diminuita del 5% a 46.023 kg (1.479.671 oz) ma è rimasta all'interno della guidance, mentre la miniera di Mponeng ha registrato un forte incremento della produzione del 19% e grade recuperati eccezionali di 11,27 g/t. I costi sostenuti totali per il gruppo (all-in sustaining costs) sono aumentati del 17% a R1.054.346/kg (US$1.806/oz), in linea con la guidance, ma il prezzo medio dell'oro ricevuto è salito del 27% a R1.529.358/kg (US$2.620/oz). Prezzi e volumi più elevati hanno fatto aumentare i ricavi del gruppo del 20% a R73.896 milioni (US$4.071 milioni). La posizione di cassa netta si è rafforzata del 285% a R11.148 milioni (US$628 milioni) e la liquidità complessiva è stata di R20.925 milioni (US$1.179 milioni). Le risorse minerarie sono cresciute: la risorsa di Eva Copper è aumentata del 31% a 1,93 Mt di rame contenuto e le risorse d'oro sono salite del 12% a 492 koz; le risorse minerarie dichiarate a livello di gruppo sono 135,5 Moz con riserve di 36,8 Moz. Si prevede che l'acquisizione di MAC Copper si concluda nell'ottobre 2025. È stato dichiarato un dividendo finale di 155 centesimi ZAR (~8,9 centesimi USD) per azione, portando il pagamento per l'anno fiscale 2025 a R2,4 miliardi (US$133 milioni).

Harmony Gold informó resultados operativos y financieros mixtos. La producción total de oro cayó un 5% hasta 46.023 kg (1.479.671 oz) pero se mantuvo dentro de la guía, mientras que la mina Mponeng registró un sólido aumento de la producción del 19% y leyes recuperadas excepcionales de 11,27 g/t. Los costos sostenidos totales del grupo (all-in sustaining costs) aumentaron un 17% hasta R1.054.346/kg (US$1.806/oz), en línea con la guía, pero el precio medio del oro recibido subió un 27% hasta R1.529.358/kg (US$2.620/oz). Precios y volúmenes más altos impulsaron los ingresos del grupo un 20% hasta R73.896 millones (US$4.071 millones). El efectivo neto se fortaleció un 285% hasta R11.148 millones (US$628 millones) y la liquidez totalizó R20.925 millones (US$1.179 millones). Las reservas minerales se ampliaron: el recurso de Eva Copper subió un 31% hasta 1,93 Mt de cobre contenido y los recursos de oro aumentaron un 12% hasta 492 koz; los recursos minerales declarados a nivel de compañía son 135,5 Moz con reservas de 36,8 Moz. Se espera que la adquisición de MAC Copper cierre en octubre de 2025. Se declaró un dividendo final de 155 centavos ZAR (~8,9 centavos USD) por acción, llevando el pago del ejercicio 2025 a R2,4 mil millones (US$133 millones).

하모니 골드는 혼조된 운영 및 재무 실적을 보고했습니다. 총 금 생산량은 5% 감소한 46,023kg(1,479,671oz)이었으나 가이던스 범위 내에 있었고, 믑넹(Mponeng) 광산은 견조한 19% 생산 증가와 11.27g/t의 뛰어난 회수 품위를 기록했습니다. 그룹의 전부문 유지비용(all-in sustaining costs)은 17% 상승한 R1,054,346/kg(US$1,806/oz)로 가이던스와 일치했으나, 수취한 금의 평균가격은 27% 상승한 R1,529,358/kg(US$2,620/oz)이었습니다. 높은 가격과 물량으로 그룹 매출은 20% 증가한 R73,896백만(US$4,071백만)을 기록했습니다. 순현금은 285% 증가한 R11,148백만(US$628백만)으로 강화되었고, 유동성은 총 R20,925백만(US$1,179백만)이었습니다. 광물 자원은 확장되었습니다: 에바 구리(Eva Copper) 자원은 31% 증가하여 1.93Mt의 함유 구리로, 금 자원은 12% 증가하여 492koz가 되었습니다; 회사 전체 선언된 광물 자원은 135.5Moz, 매장량(reserves)은 36.8Moz입니다. MAC Copper 인수는 2025년 10월 마감될 예정입니다. 주당 155 남아프리카 센트(약 미화 8.9센트)의 최종 배당금이 선언되어 2025 회계연도 배당금 총액은 R2.4십억(US$133백만)이 되었습니다.

Harmony Gold a publié des résultats opérationnels et financiers contrastés. La production totale d'or a diminué de 5% à 46 023 kg (1 479 671 oz) mais est restée conforme aux prévisions, tandis que la mine de Mponeng a affiché une forte hausse de production de 19% et des teneurs récupérées exceptionnelles de 11,27 g/t. Les coûts totaux de maintien du groupe (all-in sustaining costs) ont augmenté de 17% à R1 054 346/kg (US$1 806/oz), en ligne avec les prévisions, mais le prix moyen de l'or reçu a augmenté de 27% à R1 529 358/kg (US$2 620/oz). Des prix et volumes plus élevés ont porté le chiffre d'affaires du groupe à R73 896 millions (US$4 071 millions), en hausse de 20%. La trésorerie nette s'est renforcée de 285% à R11 148 millions (US$628 millions) et la liquidité totale s'est élevée à R20 925 millions (US$1 179 millions). Les ressources minérales se sont accrues : la ressource d'Eva Copper a augmenté de 31% à 1,93 Mt de cuivre contenu et les ressources aurifères ont crû de 12% à 492 koz ; les ressources minérales déclarées au niveau du groupe s'élèvent à 135,5 Moz avec des réserves de 36,8 Moz. L'acquisition de MAC Copper devrait se finaliser en octobre 2025. Un dividende final de 155 cents ZA (~8,9 cents US) par action a été déclaré, portant le versement pour l'exercice 2025 à R2,4 milliards (US$133 millions).

Harmony Gold meldete gemischte operative und finanzielle Ergebnisse. Die Gesamtgoldproduktion sank um 5% auf 46.023 kg (1.479.671 oz), blieb jedoch innerhalb der Guidance, während die Mponeng-Mine eine starke Produktionssteigerung von 19% und außergewöhnliche aufbereitete Gehalte von 11,27 g/t erzielte. Die gruppenweiten All-in-sustaining-Kosten stiegen um 17% auf R1.054.346/kg (US$1.806/oz), im Einklang mit der Guidance, während der durchschnittlich realisierte Goldpreis um 27% auf R1.529.358/kg (US$2.620/oz) zunahm. Höhere Preise und Mengen hoben den Gruppenumsatz um 20% auf R73.896 Millionen (US$4.071 Millionen). Der Netto-Cashbestand stärkte sich um 285% auf R11.148 Millionen (US$628 Millionen) und die Liquidität belief sich auf R20.925 Millionen (US$1.179 Millionen). Die mineralischen Ressourcen weiteten sich aus: Die Eva-Copper-Ressource stieg um 31% auf 1,93 Mt enthaltenes Kupfer und die Goldressourcen wuchsen um 12% auf 492 koz; die unternehmensweit deklarierten mineralischen Ressourcen betragen 135,5 Moz bei Reserven von 36,8 Moz. Der Erwerb von MAC Copper soll im Oktober 2025 abgeschlossen werden. Eine finale Dividende von 155 SA-Cent (ca. 8,9 US-Cent) je Aktie wurde angekündigt, wodurch die Ausschüttung für FY25 R2,4 Milliarden (US$133 Millionen) beträgt.





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6­K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a­16 OR 15d­16 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 40­F.)

Form 20F ☒ Form 40F ☐

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3­2(b) under the Securities Exchange Act of 1934.)

Yes ☐ No ☒












Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(Harmony and/or the Company)

RESULTS FOR THE YEAR ENDED 30 JUNE 2025 AND A FINAL DIVIDEND DECLARATION

Harmony’s results underscore value-driven growth with strong margins, record cash flows, high grades and strategic copper expansion

Johannesburg. Thursday, 28 August 2025. Harmony Gold Mining Company Limited is pleased to announce its financial and operating results for the year ended 30 June 2025 (FY25).

Harmony’s purpose is to create shared value through responsible mining, underpinned by safety, sustainability, and operational excellence. This disciplined approach has delivered a decade of consistent performance, resulting in strong cash generation, and a future driven by gold and copper, quality orebodies, and collaboration.
In FY25, we met production guidance for the tenth consecutive year and delivered record free cash flows. Our high-margin portfolio continues to drive earnings and support sustained shareholder returns.
We are committed to preserving financial strength and flexibility to fund growth and return value across commodity cycles. As we mark 75 years, we do so with pride in our legacy and confidence in our future”, said Beyers Nel, CEO of Harmony.

Key highlights of FY25 are:

Despite the tragic losses of life in the FY25, the Group achieved an all-time low lost time injury frequency rate of 5.39 from 5.53 per million hours worked, highlighting continued progress in our journey towards zero harm
26% increase in headline earnings per share to 2 337 SA cents
(129 US cents) from 1 852 SA cents (99 US cents)
67% increase in earnings per share of 2 313 SA cents (127 US cents) from 1 386 SA cents (73 US cents)
Record adjusted free cash flow, up 54% to R11 142 million (US$614 million) driven by higher recovered grades and a higher average gold price received
3% increase in underground recovered grades to 6.27g/t from 6.11g/t
3



5% decrease in total gold production to 46 023kg (1 479 671oz) from 48 578kg (1 561 815oz), within guidance
Increase in production of 19% at Mponeng, with exceptional recovered grades of 11.27g/t
17% increase in group all-in sustaining costs (AISC) to
R1 054 346/kg (US$1 806/oz) from R901 550/kg (US$1 500/oz), in line with guidance
27% increase in average gold price received to R1 529 358/kg (US$2 620/oz) from R1 201 653/kg (US$1 999/oz)
20% increase in group revenue to R73 896 million (US$4 071 million) from R61 379 million (US$3 282 million)
Balance sheet remains healthy and flexible with a 285% increase in net cash to R11 148 million (US$628 million) from R2 899 million
(US$159 million)
Liquidity of R20 925 million (US$1 179 million) in cash and undrawn facilities
Eva Copper Mineral Resource increased 31% to 1.93Mt of contained copper, gold up 12% to 492koz
Globally significant declared Mineral Resources: 135.5Moz; declared Mineral Reserves: 36.8Moz in gold and gold equivalents
MAC Copper acquisition expected to conclude in October 2025
A final dividend declared of 155 SA cents (approximately 8.9 US cents) per ordinary share declared (June 2024: 94 SA cents (5.2 US cents)), bringing total FY25 payout to a record R2.4 billion (US$133 million)

OPERATING RESULTS


Year
 ended
30 June
2025
(Reviewed)
Year
ended
30 June 2024
(Audited)
%
Change
Underground recovered
grade
g/t

6.27

6.11

3
Gold price received
R/kg
1 529 358
1 201 653
27
US$/oz
2 620
1 999
31
Gold produced total
kg
46 023
48 578
(5)
oz
1 479 671
1 561 815
(5)
Group cash operating costs
R/kg
874 901
758 736
(15)
US$/oz
1 499
1 262
(19)
Group all-in sustaining costs (AISC)
R/kg
1 054 346
901 550
(17)
US$/oz
1 806
1 500
(20)
Group all-in cost (AIC)
R/kg
1 162 011
969 085
(20)
US$/oz
1 991
1 612
(24)
Group adjusted free cash flow
R million
11 142
7 252
54
US$ million
614
388
58
Average exchange rate
R:US$
18.15
18.70
(3)
4




FINANCIAL RESULTS


Year
ended
30 June 2025
(Reviewed)
Year
ended
30 June 2024
(Audited)
%
Change
Basic earnings per share
SA cents
2 313
1 386
67
US cents
127
73
72
Headline earnings
R million
14 531
11 474
27
US$ million
800
613
31
Headline earnings per share (HEPS)
SA cents
2 337
1 852
26
US cents
129
99
30

FY26 group production and cost guidance

Year-on-year production guidance for the group is between 1 400 000 ounces and 1 500 000 ounces at an AISC of between R1 150 000/kg and R1 220 000/kg. Underground recovered grade for FY26 is guided at above 5.8g/t.

Notice of Final Gross Cash Dividend

Our dividend declaration for the 12 months ended 30 June 2025 is as follows:

Declaration of final gross cash ordinary dividend no. 97
The Board has approved, and notice is hereby given, that a final gross cash dividend of 155 SA cents (8.88252 US cents*) per ordinary share in respect of the 12 months ended 30 June 2025, has been declared payable to the registered shareholders of Harmony on Monday, 13 October 2025.

In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE Listings Requirements the following additional information is disclosed:

• The dividend has been declared out of income reserves;
• The local Dividend Withholding Tax rate is 20%;
• The gross local dividend amount is 155.00000 SA cents
(8.88252 US cents*) per ordinary share for shareholders exempt from the Dividend Withholding Tax;
• The net local dividend amount is 124.00000 SA cents per ordinary
share for shareholders liable to pay the Dividend Withholding Tax;
• Harmony currently has 634 767 724 ordinary shares in issue (which
includes 12 215 564 treasury shares); and
5



• Harmony’s income tax reference number is 9240/012/60/0.

A dividend No. 97 of 155.00000 SA cents (8.88252 US cents*) per ordinary share, being the dividend for the 12 months ended 30 June 2025, has been declared payable on Monday, 13 October 2025 to those shareholders recorded in the share register of the company at the close of business on Friday, 10 October 2025. The dividend is declared in the currency of the Republic of South Africa. Any change in address or dividend instruction to apply to this dividend must be received by the company’s transfer secretaries or registrar not later than Friday, 3 October 2025.
Dividends received by non-resident shareholders will be exempt from income tax in terms of section 10(1)(k)(i) of the Income Tax Act. The dividends withholding tax rate is 20%, accordingly, any dividend will be subject to dividend withholding tax levied at a rate of 20%, unless the rate is reduced in terms of any applicable agreement for the avoidance of double taxation (DTA) between South Africa and the country of residence of the shareholder.

Should dividend withholding tax be withheld at a rate of 20%, the net dividend amount due to non-resident shareholders is 124.00000 SA cents per share. A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident shareholder has provided the following forms to their Central Securities Depository Participant (CSDP) or broker, as the case may be in respect of uncertificated shares or the company, in respect of certificated shares:

(a)a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
(b)a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced rate change or the beneficial owner cease to be the beneficial owner,

both in the form prescribed by the Commissioner for the South African Revenue Service. Non-resident shareholders are advised to contact their CSDP or broker, as the case may be, to arrange for the abovementioned documents to be submitted prior to the payment of the distribution if such documents have not already been submitted.

In compliance with the requirements of Strate Proprietary Limited (Strate) and the JSE Listings Requirements, the salient dates for payment of the dividend are as follows:

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Last date to trade ordinary shares cum-dividend is
Tuesday, 7 October 2025
Ordinary shares trade ex-dividend
Wednesday, 8 October 2025
Record date
Friday, 10 October 2025
Payment date
Monday, 13 October 2025


No dematerialisation or rematerialisation of share certificates may occur between Wednesday, 8 October 2025 and Friday, 10 October 2025 both dates inclusive, nor may any transfers between registers take place during this period.

On payment date, dividends due to holders of certificated securities on the SA share register will either be electronically transferred to such shareholders' bank accounts or, in the absence of suitable mandates, dividends will be held in escrow by Harmony until suitable mandates are received to electronically transfer dividends to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to such shareholders' accounts with the relevant CSDP or broker.

The holders of American Depositary Receipts (ADRs) should confirm dividend details with the depository bank. Assuming an exchange rate of R17.45/US$1* the dividend payable on an ADR is equivalent to 8.88252 US cents for ADR holders before dividend tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

* Based on an exchange rate of R17.45/US$1 at 22 August 2025. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.

Short-form announcement

This short-form announcement is the responsibility of the board of directors of the Company.

Shareholders are advised that this short-form announcement represents a summary of the information contained in the full financial results (results booklet) incorporating the FY25 condensed consolidated financial statements and does not contain full or complete details published on the Stock Exchange News Service, via the JSE cloudlink at https://senspdf.jse.co.za/documents/2025/jse/isse/HARE/FY25result.pdf and on Harmony’s website (www.harmony.co.za) on 28 August 2025.
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The condensed consolidated financial statements for the financial year ended 30 June 2025, from which this short-form announcement has been correctly extracted, have been reviewed by Ernst & Young Inc., who expressed an unmodified review conclusion thereon.

Any investment decisions by investors and/or shareholders should be based on a consideration of the results booklet as a whole and shareholders are encouraged to review the results booklet, which is available for viewing on the Company’s website and the JSE cloudlink, referred to above.

Ends.

For more details, contact:

Jared Coetzer
Head: Investor Relations
+27 (0)82 746 4120

Johannesburg, South Africa
28 August 2025
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited


FORWARD-LOOKING STATEMENTS
This market release 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, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters.
These forward-looking statements, including, among others, those relating to our future business prospects, revenues, and the potential benefit of acquisitions (including statements regarding growth and cost savings) wherever they may occur in this market release, are necessarily estimates reflecting the best judgment of our senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered
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in light of various important factors, including those set forth in our integrated annual report. All statements other than statements of historical facts included in this market release may be forward-looking statements.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation: overall economic and business conditions in South Africa, Papua New Guinea, Australia and elsewhere; the impact from, and measures taken to address, Covid-19 and other contagious diseases, such as HIV and tuberculosis; high and rising inflation, supply chain issues, volatile commodity costs and other inflationary pressures exacerbated by the geopolitical risks; estimates of future earnings, and the sensitivity of earnings to gold and other metals prices; estimates of future gold and other metals production and sales; estimates of future cash costs; estimates of future cash flows, and the sensitivity of cash flows to gold and other metals prices; estimates of provision for silicosis settlement; increasing regulation of environmental and sustainability matters such as greenhouse gas emission and climate change, and the impact of climate change on our operations; estimates of future tax liabilities under the Carbon Tax Act (South Africa); statements regarding future debt repayments; estimates of future capital expenditures; the success of our business strategy, exploration and development activities and other initiatives; future financial position, plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings and financing plans; estimates of reserves statements regarding future exploration results and the replacement of reserves; the ability to achieve anticipated efficiencies and other cost savings in connection with, and the ability to successfully integrate, past and future acquisitions, as well as at existing operations; our ability to complete ongoing and future acquisitions; fluctuations in the market price of gold and other metals; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labour disruptions related to industrial action or health and safety incidents; power cost increases as well as power stoppages, fluctuations and usage constraints; ageing infrastructure, unplanned breakdowns and stoppages that may delay production, increase costs and industrial accidents; supply chain shortages and increases in the prices of production imports and the availability, terms and deployment of capital; our ability to hire and retain senior management, sufficiently technically-skilled employees, as well as our ability to achieve sufficient representation of historically
9



disadvantaged persons in management positions or sufficient gender diversity in management positions or at Board level; our ability to comply with requirements that we operate in a sustainable manner and provide benefits to affected communities; potential liabilities related to occupational health diseases; changes in government regulation and the political environment, particularly tax and royalties, mining rights, health, safety, environmental regulation and business ownership including any interpretation thereof; court decisions affecting the mining industry, including, without limitation, regarding the interpretation of mining rights; our ability to protect our information technology and communication systems and the personal data we retain; risks related to the failure of internal controls; the outcome of pending or future litigation or regulatory proceedings; fluctuations in exchange rates and currency devaluations and other macroeconomic monetary policies, as well as the impact of South African exchange control regulations; the adequacy of the Group’s insurance coverage; any further downgrade of South Africa’s credit rating and socio-economic or political instability in South Africa, Papua New Guinea, Australia and other countries in which we operate; changes in technical and economic assumptions underlying our mineral reserves estimates; geotechnical challenges due to the ageing of certain mines and a trend toward mining deeper pits and more complex, often deeper underground, deposits; and actual or alleged breach or breaches in governance processes, fraud, bribery or corruption at our operations that leads to censure, penalties or negative reputational impacts.
The foregoing factors and others described under “Risk Factors” in our Integrated Annual Report (www.har.co.za) and our Form 20-F should not be construed as exhaustive. We undertake no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this annual report or to reflect the occurrence of unanticipated events, except as required by law. All subsequent written or oral forward-looking statements attributable to Harmony or any person acting on its behalf are qualified by the cautionary statements herein.
Any forward-looking statement contained in this market release has not been reviewed or reported on by Harmony’s external auditors.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

Harmony Gold Mining Company Limited
Date: August 28, 2025By: /s/ Boipelo Lekubo
Name: Boipelo Lekubo
Title: Financial Director
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FAQ

What was Harmony Gold's total gold production and how did it change (HMY)?

Total gold production was 46,023kg (1,479,671oz), a 5% decrease from 48,578kg (1,561,815oz), and was reported as within guidance.

How did Harmony Gold's revenue and cash position change in this report?

Group revenue increased 20% to R73,896 million (US$4,071 million). Net cash rose 285% to R11,148 million (US$628 million) with total liquidity of R20,925 million (US$1,179 million).

What happened to Harmony Gold's costs and realised gold price?

Group AISC increased 17% to R1,054,346/kg (US$1,806/oz), while the average gold price received rose 27% to R1,529,358/kg (US$2,620/oz).

Were there any changes to Harmony Gold's mineral resources or reserves?

Yes. Eva Copper Mineral Resource increased 31% to 1.93Mt contained copper and gold resources increased 12% to 492koz. Group declared Mineral Resources are 135.5Moz and Mineral Reserves are 36.8Moz.

Is Harmony Gold paying a dividend and how large is it?

A final dividend of 155 SA cents (~8.9 US cents) per ordinary share was declared, bringing the FY25 payout to a record R2.4 billion (US$133 million).

Is Harmony Gold undertaking any acquisitions?

The MAC Copper acquisition is expected to conclude in October 2025 according to the filing.
Harmony Gold Mng

NYSE:HMY

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