Harmony Gold Mining Co. Ltd. (HAR) — Cash Flow Reinvestment Rate
Harmony Gold Mining Co. Ltd. (HAR) has a Cash Flow Reinvestment Rate of 0.59x as of December 2025, reinvesting ZAC8.12 Billion (capex ZAC8.12 Billion ) from operating cash flow of ZAC13.85 Billion. Explore reinvestment intensity of Harmony Gold Mining Co. Ltd. to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Harmony Gold Mining Co. Ltd. Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Harmony Gold Mining Co. Ltd. across 26 annual periods. Also explore HAR current and non-current assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year capital reinvestment analysis for Harmony Gold Mining Co. Ltd.. For live market cap and broader valuation context, see Harmony Gold Mining Co. Ltd. (HAR) total market value.
| Year | Reinvestment Rate | Total Reinvested (ZAC) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.52x | ZAC11.86 Billion | ZAC22.65 Billion | ZAC11.86 Billion | ▼ -51.1% |
| 2024 | 1.07x | ZAC16.76 Billion | ZAC15.65 Billion | ZAC8.40 Billion | ▼ -41.6% |
| 2023 | 1.83x | ZAC18.24 Billion | ZAC9.95 Billion | ZAC7.64 Billion | ▲ +2.2% |
| 2022 | 1.79x | ZAC12.41 Billion | ZAC6.92 Billion | ZAC6.21 Billion | ▲ +217.3% |
| 2021 | 0.56x | ZAC5.19 Billion | ZAC9.18 Billion | ZAC5.14 Billion | ▼ -43.9% |
| 2020 | 1.01x | ZAC273.96 Million | ZAC272.08 Million | ZAC207.96 Million | ▼ -7.5% |
| 2019 | 1.09x | ZAC5.10 Billion | ZAC4.68 Billion | ZAC5.04 Billion | ▼ -8.5% |
| 2018 | 1.19x | ZAC4.97 Billion | ZAC4.18 Billion | ZAC4.91 Billion | ▲ +14.6% |
| 2017 | 1.04x | ZAC3.78 Billion | ZAC3.64 Billion | ZAC3.72 Billion | ▲ +79.2% |
| 2016 | 0.58x | ZAC2.66 Billion | ZAC4.60 Billion | ZAC2.48 Billion | ▼ -58.9% |
| 2015 | 1.41x | ZAC34.68 Billion | ZAC24.61 Billion | ZAC34.68 Billion | ▲ +17.9% |
| 2014 | 1.20x | ZAC2.78 Billion | ZAC2.32 Billion | ZAC2.73 Billion | ▼ -8.8% |
| 2013 | 1.31x | ZAC4.27 Billion | ZAC3.26 Billion | ZAC4.27 Billion | ▲ +72.2% |
| 2012 | 0.76x | ZAC3.39 Billion | ZAC4.45 Billion | ZAC3.39 Billion | ▼ -42.5% |
| 2011 | 1.32x | ZAC3.07 Billion | ZAC2.32 Billion | ZAC3.07 Billion | ▼ -40.0% |
| 2010 | 2.21x | ZAC3.49 Billion | ZAC1.58 Billion | ZAC3.49 Billion | ▲ +89.9% |
| 2009 | 1.16x | ZAC2.66 Billion | ZAC2.29 Billion | ZAC2.66 Billion | ▼ -50.6% |
| 2008 | 2.35x | ZAC4.33 Billion | ZAC1.84 Billion | ZAC4.33 Billion | ▲ +0.9% |
| 2007 | 2.33x | ZAC2.71 Billion | ZAC1.16 Billion | ZAC2.71 Billion | ▼ -55.6% |
| 2006 | 5.25x | ZAC1.94 Billion | ZAC370.27 Million | ZAC1.94 Billion | ▲ +594.1% |
| 2003 | 0.76x | ZAC995.51 Million | ZAC1.32 Billion | ZAC995.51 Million | ▲ +134.2% |
| 2002 | 0.32x | ZAC734.85 Million | ZAC2.28 Billion | ZAC734.85 Million | ▼ -69.9% |
| 2001 | 1.07x | ZAC423.05 Million | ZAC394.85 Million | ZAC423.05 Million | ▲ +95.6% |
| 2000 | 0.55x | ZAC157.38 Million | ZAC287.34 Million | ZAC157.38 Million | ▲ +58.8% |
| 1999 | 0.34x | ZAC174.36 Million | ZAC505.58 Million | ZAC174.36 Million | ▼ -97.0% |
| 1998 | 11.67x | ZAC41.23 Million | ZAC3.53 Million | ZAC41.23 Million | — |