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). Read Harmony Gold Mining Co. Ltd. (HAR) financial obligations for a breakdown of total debt and financial obligations.
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 HAR capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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 HAR stock market capitalisation.
| 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 | — |