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. Check Harmony Gold Mining Co. Ltd. cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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. Explore HAR strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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 HAR stock market capitalisation.
| 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 | — |