Harmony Gold Mining Co. Ltd. (HAR) — Free Cash Flow Generation Index
Harmony Gold Mining Co. Ltd. (HAR) has a Free Cash Flow Generation Index of 0.41x as of December 2025. Free cash flow of ZAC5.73 Billion represents 0% of operating cash flow (ZAC13.85 Billion). See HAR current assets to equity ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Harmony Gold Mining Co. Ltd. Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Harmony Gold Mining Co. Ltd. across 26 annual periods. Explore Harmony Gold Mining Co. Ltd. cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Harmony Gold Mining Co. Ltd. (1998–2025)
Year-by-year Free Cash Flow Generation Index for Harmony Gold Mining Co. Ltd.. For the full company profile including market capitalisation, see Harmony Gold Mining Co. Ltd. stock valuation.
| Year | FCG Index | Free Cash Flow (ZAC) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | ZAC10.79 Billion | ZAC22.65 Billion | ZAC11.86 Billion | ▲ +2.8% |
| 2024 | 0.46x | ZAC7.25 Billion | ZAC15.65 Billion | ZAC8.40 Billion | ▲ +99.7% |
| 2023 | 0.23x | ZAC2.31 Billion | ZAC9.95 Billion | ZAC7.64 Billion | ▲ +126.3% |
| 2022 | 0.10x | ZAC710.00 Million | ZAC6.92 Billion | ZAC6.21 Billion | ▼ -76.7% |
| 2021 | 0.44x | ZAC4.04 Billion | ZAC9.18 Billion | ZAC5.14 Billion | ▲ +86.6% |
| 2020 | 0.24x | ZAC64.12 Million | ZAC272.08 Million | ZAC207.96 Million | ▲ +411.1% |
| 2019 | -0.08x | ZAC-354.70 Million | ZAC4.68 Billion | ZAC5.04 Billion | ▲ +56.7% |
| 2018 | -0.17x | ZAC-731.24 Million | ZAC4.18 Billion | ZAC4.91 Billion | ▼ -716.3% |
| 2017 | -0.02x | ZAC-78.09 Million | ZAC3.64 Billion | ZAC3.72 Billion | ▼ -104.7% |
| 2016 | 0.46x | ZAC2.11 Billion | ZAC4.60 Billion | ZAC2.48 Billion | ▲ +212.3% |
| 2015 | -0.41x | ZAC-10.07 Billion | ZAC24.61 Billion | ZAC34.68 Billion | ▼ -135.9% |
| 2014 | -0.17x | ZAC-403.31 Million | ZAC2.32 Billion | ZAC2.73 Billion | ▲ +44.2% |
| 2013 | -0.31x | ZAC-1.01 Billion | ZAC3.26 Billion | ZAC4.27 Billion | ▼ -230.4% |
| 2012 | 0.24x | ZAC1.06 Billion | ZAC4.45 Billion | ZAC3.39 Billion | ▲ +173.7% |
| 2011 | -0.32x | ZAC-751.06 Million | ZAC2.32 Billion | ZAC3.07 Billion | ▲ +73.2% |
| 2010 | -1.21x | ZAC-1.91 Billion | ZAC1.58 Billion | ZAC3.49 Billion | ▼ -645.1% |
| 2009 | -0.16x | ZAC-370.17 Million | ZAC2.29 Billion | ZAC2.66 Billion | ▲ +88.0% |
| 2008 | -1.35x | ZAC-2.49 Billion | ZAC1.84 Billion | ZAC4.33 Billion | ▼ -1.5% |
| 2007 | -1.33x | ZAC-1.54 Billion | ZAC1.16 Billion | ZAC2.71 Billion | ▲ +68.6% |
| 2006 | -4.25x | ZAC-1.57 Billion | ZAC370.27 Million | ZAC1.94 Billion | ▼ -1837.5% |
| 2003 | 0.24x | ZAC321.86 Million | ZAC1.32 Billion | ZAC995.51 Million | ▼ -63.9% |
| 2002 | 0.68x | ZAC1.54 Billion | ZAC2.28 Billion | ZAC734.85 Million | ▲ +1048.0% |
| 2001 | -0.07x | ZAC-28.21 Million | ZAC394.85 Million | ZAC423.05 Million | ▼ -115.8% |
| 2000 | 0.45x | ZAC129.96 Million | ZAC287.34 Million | ZAC157.38 Million | ▼ -31.0% |
| 1999 | 0.66x | ZAC331.22 Million | ZAC505.58 Million | ZAC174.36 Million | ▲ +106.1% |
| 1998 | -10.67x | ZAC-37.70 Million | ZAC3.53 Million | ZAC41.23 Million | — |