Harmony Gold Mining Co. Ltd. (HAR) - Net Assets

Latest as of June 2026: ZAC75.38 Billion ZAC ≈ $40.06 Million USD

Based on the latest financial reports, Harmony Gold Mining Co. Ltd. (HAR) has net assets worth ZAC75.38 Billion ZAC (≈ $40.06 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC125.99 Billion ≈ $66.96 Million USD) and total liabilities (ZAC50.61 Billion ≈ $26.90 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Harmony Gold Mining Co. Ltd. strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC75.38 Billion
% of Total Assets 59.83%
Annual Growth Rate 15.62%
5-Year Change 150.28%
10-Year Change 159.23%
Growth Volatility 32.84

Harmony Gold Mining Co. Ltd. - Net Assets Trend (1998–2026)

This chart illustrates how Harmony Gold Mining Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see HAR market cap.

Annual Net Assets for Harmony Gold Mining Co. Ltd. (1998–2026)

The table below shows the annual net assets of Harmony Gold Mining Co. Ltd. from 1998 to 2026. Also explore Harmony Gold Mining Co. Ltd. net asset momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2026-06-30 ZAC75.38 Billion
≈ $40.06 Million		 +55.38%
2025-06-30 ZAC48.51 Billion
≈ $25.78 Million		 +18.47%
2024-06-30 ZAC40.95 Billion
≈ $21.76 Million		 +17.40%
2023-06-30 ZAC34.88 Billion
≈ $18.54 Million		 +15.81%
2022-06-30 ZAC30.12 Billion
≈ $16.01 Million		 -4.93%
2021-06-30 ZAC31.68 Billion
≈ $16.84 Million		 +35.53%
2020-06-30 ZAC23.38 Billion
≈ $12.42 Million		 +2.97%
2019-06-30 ZAC22.70 Billion
≈ $12.06 Million		 -10.34%
2018-06-30 ZAC25.32 Billion
≈ $13.45 Million		 -12.93%
2017-06-30 ZAC29.08 Billion
≈ $15.45 Million		 +2.73%
2016-06-30 ZAC28.31 Billion
≈ $15.04 Million		 +4.87%
2015-06-30 ZAC26.99 Billion
≈ $14.34 Million		 -13.06%
2014-06-30 ZAC31.04 Billion
≈ $16.50 Million		 -3.42%
2013-06-30 ZAC32.14 Billion
≈ $17.08 Million		 -5.25%
2012-06-30 ZAC33.92 Billion
≈ $18.03 Million		 +11.64%
2011-06-30 ZAC30.38 Billion
≈ $16.15 Million		 +4.02%
2010-06-30 ZAC29.21 Billion
≈ $15.52 Million		 -15.53%
2009-06-30 ZAC34.58 Billion
≈ $18.38 Million		 +39.59%
2008-06-30 ZAC24.77 Billion
≈ $13.17 Million		 +14.80%
2007-06-30 ZAC21.58 Billion
≈ $11.47 Million		 +3.22%
2006-06-30 ZAC20.91 Billion
≈ $11.11 Million		 +4.97%
2005-06-30 ZAC19.92 Billion
≈ $10.59 Million		 -2.89%
2004-06-30 ZAC20.51 Billion
≈ $10.90 Million		 +133.79%
2003-06-30 ZAC8.77 Billion
≈ $4.66 Million		 +9.37%
2002-06-30 ZAC8.02 Billion
≈ $4.26 Million		 +73.47%
2001-06-30 ZAC4.62 Billion
≈ $2.46 Million		 +61.89%
2000-06-30 ZAC2.86 Billion
≈ $1.52 Million		 +65.77%
1999-06-30 ZAC1.72 Billion
≈ $915.73K		 +32.96%
1998-06-30 ZAC1.30 Billion
≈ $688.71K		 --

Equity Component Analysis

This analysis shows how different components contribute to Harmony Gold Mining Co. Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 9569.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2026)

Component Amount Percentage
Retained Earnings ZAC38.28 Billion 50.97%
Common Stock ZAC32.93 Billion 43.86%
Other Comprehensive Income ZAC3.88 Billion 5.17%
Total Equity ZAC75.09 Billion 100.00%

Harmony Gold Mining Co. Ltd. Competitors by Market Cap

The table below lists competitors of Harmony Gold Mining Co. Ltd. ranked by their market capitalization.

Company Market Cap
Dundee Precious Metals Inc
TO:DPM
 $10.33 Billion
Lynas Rare EARTHS Ltd
AU:LYC
 $10.33 Billion
FSN E-Commerce Ventures Limited
NSE:NYKAA
 $10.33 Billion
Ingenic Semiconductor
SHE:300223
 $10.34 Billion
Chifeng Jilong Gold Mining Co Ltd
SHG:600988
 $10.32 Billion
Fresenius Medical Care AG & Co. KGaA
XETRA:FME
 $10.32 Billion
Hyundai Glovis
KO:086280
 $10.32 Billion
SHIZUOKA FIN. GROUP INC.
F:P2U
 $10.31 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Harmony Gold Mining Co. Ltd.'s equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2025 to 2026, total equity changed from 48,235,000,000 to 75,094,000,000, a change of 26,859,000,000 (55.7%).
  • Net income of 29,349,000,000 contributed positively to equity growth.
  • Dividend payments of 4,463,000,000 reduced retained earnings.
  • Other comprehensive income increased equity by 3,167,000,000.
  • Other factors decreased equity by 1,194,000,000.

Equity Change Factors (2025 to 2026)

Factor Impact Contribution
Net Income ZAC29.35 Billion +39.08%
Dividends Paid ZAC4.46 Billion -5.94%
Other Comprehensive Income ZAC3.17 Billion +4.22%
Other Changes ZAC-1.19 Billion -1.59%
Total Change ZAC- 55.68%

Book Value vs Market Value Analysis

This analysis compares Harmony Gold Mining Co. Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 262.57x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 1097.08x to 262.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-06-30 ZAC28.35 ZAC31100.00 x
1999-06-30 ZAC25.57 ZAC31100.00 x
2000-06-30 ZAC29.88 ZAC31100.00 x
2001-06-30 ZAC43.80 ZAC31100.00 x
2002-06-30 ZAC48.55 ZAC31100.00 x
2003-06-30 ZAC47.35 ZAC31100.00 x
2004-06-30 ZAC80.46 ZAC31100.00 x
2005-06-30 ZAC55.05 ZAC31100.00 x
2006-06-30 ZAC53.10 ZAC31100.00 x
2007-06-30 ZAC53.63 ZAC31100.00 x
2008-06-30 ZAC61.49 ZAC31100.00 x
2009-06-30 ZAC83.17 ZAC31100.00 x
2010-06-30 ZAC68.46 ZAC31100.00 x
2011-06-30 ZAC70.59 ZAC31100.00 x
2012-06-30 ZAC78.52 ZAC31100.00 x
2013-06-30 ZAC74.28 ZAC31100.00 x
2014-06-30 ZAC71.41 ZAC31100.00 x
2015-06-30 ZAC61.61 ZAC31100.00 x
2016-06-30 ZAC63.41 ZAC31100.00 x
2017-06-30 ZAC63.32 ZAC31100.00 x
2018-06-30 ZAC54.41 ZAC31100.00 x
2019-06-30 ZAC43.34 ZAC31100.00 x
2020-06-30 ZAC43.66 ZAC31100.00 x
2021-06-30 ZAC51.31 ZAC31100.00 x
2022-06-30 ZAC49.05 ZAC31100.00 x
2023-06-30 ZAC56.02 ZAC31100.00 x
2024-06-30 ZAC64.75 ZAC31100.00 x
2025-06-30 ZAC76.69 ZAC31100.00 x
2026-06-30 ZAC118.44 ZAC31100.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harmony Gold Mining Co. Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 39.08%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 26.95%
  • • Asset Turnover: 0.86x
  • • Equity Multiplier: 1.68x
  • Recent ROE (39.08%) is above the historical average (3.06%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 -1.45% -1.64% 0.61x 1.45x ZAC-148.44 Million
1999 9.91% 7.57% 0.85x 1.53x ZAC-1.57 Million
2000 12.66% 12.15% 0.58x 1.81x ZAC76.02 Million
2001 1.57% 1.48% 0.59x 1.79x ZAC-389.60 Million
2002 21.03% 21.45% 0.55x 1.77x ZAC884.92 Million
2003 7.44% 7.14% 0.59x 1.76x ZAC-221.56 Million
2004 -2.51% -5.94% 0.29x 1.45x ZAC-2.57 Billion
2005 -20.58% -48.72% 0.28x 1.52x ZAC-6.09 Billion
2006 -5.32% -12.33% 0.28x 1.53x ZAC-3.20 Billion
2007 -9.65% -21.94% 0.26x 1.67x ZAC-4.24 Billion
2008 -0.95% -2.36% 0.27x 1.48x ZAC-2.71 Billion
2009 8.46% 25.46% 0.32x 1.05x ZAC-531.10 Million
2010 -0.66% -1.70% 0.30x 1.28x ZAC-3.11 Billion
2011 1.93% 4.83% 0.30x 1.32x ZAC-2.45 Billion
2012 8.21% 17.46% 0.37x 1.27x ZAC-606.21 Million
2013 -6.98% -12.53% 0.43x 1.31x ZAC-5.46 Billion
2014 -4.03% -7.79% 0.39x 1.32x ZAC-4.36 Billion
2015 -18.00% -29.38% 0.45x 1.35x ZAC-7.56 Billion
2016 3.34% 5.06% 0.50x 1.31x ZAC-1.88 Billion
2017 0.76% 1.20% 0.48x 1.33x ZAC-2.69 Billion
2018 -17.49% -20.27% 0.55x 1.56x ZAC-6.96 Billion
2019 -11.56% -9.75% 0.73x 1.63x ZAC-4.89 Billion
2020 -3.76% -3.00% 0.65x 1.91x ZAC-3.22 Billion
2021 16.08% 12.19% 0.84x 1.57x ZAC1.92 Billion
2022 -3.50% -2.47% 0.91x 1.56x ZAC-4.06 Billion
2023 13.87% 9.78% 0.86x 1.65x ZAC1.34 Billion
2024 21.06% 13.99% 1.02x 1.48x ZAC4.51 Billion
2025 29.82% 19.47% 0.95x 1.61x ZAC9.56 Billion
2026 39.08% 26.95% 0.86x 1.68x ZAC21.84 Billion

Industry Comparison

This section compares Harmony Gold Mining Co. Ltd.'s net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $2,670,342,222
  • Average return on equity (ROE) among peers: 14.99%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harmony Gold Mining Co. Ltd. (HAR) ZAC75.38 Billion -1.45% 0.67x $10.33 Billion
AngloGold Ashanti Ltd (ANG) $9.92 Billion 26.58% 0.52x $44.31 Billion
DRDGOLD Limited (DRD) $1.58 Billion 8.15% 0.66x $1.93 Billion
Gold Fields Ltd (GFI) $1.54 Billion 21.20% 0.61x $32.47 Billion
Pan African Resources PLC (PAN) $159.40 Million 16.80% 0.55x $3.04 Billion
Randgold Exploration (RNG) $156.54 Million 2.21% 0.08x $12.63 Million

About Harmony Gold Mining Co. Ltd.

JSE:HAR South Africa Gold
Market Cap
$10.33 Billion
ZAC19.44 Trillion ZAC
Market Cap Rank
#2195 Global
#13 in South Africa
Share Price
ZAC31100.00
Change (1 day)
-1.04%
52-Week Range
ZAC23355.00 - ZAC40841.00
All Time High
ZAC40841.00
Categories
Companies in South Africa Gold
About

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the co… Read more