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

Latest as of December 2025: ZAC52.20 Billion ZAC ≈ $27.74 Million USD

Based on the latest financial reports, Harmony Gold Mining Co. Ltd. (HAR) has net assets worth ZAC52.20 Billion ZAC (≈ $27.74 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC114.63 Billion ≈ $60.92 Million USD) and total liabilities (ZAC62.42 Billion ≈ $33.18 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. Explore HAR operating cash flow to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets ZAC52.20 Billion
% of Total Assets 45.54%
Annual Growth Rate 14.36%
5-Year Change 53.13%
10-Year Change 71.39%
Growth Volatility 32.69

Harmony Gold Mining Co. Ltd. - Net Assets Trend (1998–2025)

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

Annual Net Assets for Harmony Gold Mining Co. Ltd. (1998–2025)

The table below shows the annual net assets of Harmony Gold Mining Co. Ltd. from 1998 to 2025. Read total liabilities of Harmony Gold Mining Co. Ltd. for a breakdown of total debt and financial obligations.

Year Net Assets Change
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 3584.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings ZAC14.58 Billion 30.24%
Common Stock ZAC32.93 Billion 68.28%
Other Comprehensive Income ZAC717.00 Million 1.49%
Total Equity ZAC48.23 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
eMemory Technology
TWO:3529
 $9.18 Billion
Doosan
KO:000150
 $9.19 Billion
Arrowhead Pharmaceuticals Inc
NASDAQ:ARWR
 $9.19 Billion
Agree Realty Corporation
NYSE:ADC
 $9.21 Billion
Bangkok Dusit Medical Services Public Company Limited
BK:BDMS
 $9.16 Billion
Shenzhen Transsion Holdings Co Ltd
SHG:688036
 $9.16 Billion
TORAY INDUSTRIES ADR/2
F:6HK
 $9.16 Billion
Boston Properties Inc
NYSE:BXP
 $9.15 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 2024 to 2025, total equity changed from 40,774,000,000 to 48,235,000,000, a change of 7,461,000,000 (18.3%).
  • Net income of 14,384,000,000 contributed positively to equity growth.
  • Dividend payments of 2,057,000,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 5,364,000,000.
  • Other factors increased equity by 498,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income ZAC14.38 Billion +29.82%
Dividends Paid ZAC2.06 Billion -4.26%
Other Comprehensive Income ZAC-5.36 Billion -11.12%
Other Changes ZAC498.00 Million +1.03%
Total Change ZAC- 18.30%

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: 359.98x
  • 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 973.79x to 359.98x 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 ZAC27605.00 x
1999-06-30 ZAC25.57 ZAC27605.00 x
2000-06-30 ZAC29.88 ZAC27605.00 x
2001-06-30 ZAC43.80 ZAC27605.00 x
2002-06-30 ZAC48.55 ZAC27605.00 x
2003-06-30 ZAC47.35 ZAC27605.00 x
2004-06-30 ZAC80.46 ZAC27605.00 x
2005-06-30 ZAC55.05 ZAC27605.00 x
2006-06-30 ZAC53.10 ZAC27605.00 x
2007-06-30 ZAC53.63 ZAC27605.00 x
2008-06-30 ZAC61.49 ZAC27605.00 x
2009-06-30 ZAC83.17 ZAC27605.00 x
2010-06-30 ZAC68.46 ZAC27605.00 x
2011-06-30 ZAC70.59 ZAC27605.00 x
2012-06-30 ZAC78.52 ZAC27605.00 x
2013-06-30 ZAC74.28 ZAC27605.00 x
2014-06-30 ZAC71.41 ZAC27605.00 x
2015-06-30 ZAC61.61 ZAC27605.00 x
2016-06-30 ZAC63.41 ZAC27605.00 x
2017-06-30 ZAC63.32 ZAC27605.00 x
2018-06-30 ZAC54.41 ZAC27605.00 x
2019-06-30 ZAC43.34 ZAC27605.00 x
2020-06-30 ZAC43.66 ZAC27605.00 x
2021-06-30 ZAC51.31 ZAC27605.00 x
2022-06-30 ZAC49.05 ZAC27605.00 x
2023-06-30 ZAC56.02 ZAC27605.00 x
2024-06-30 ZAC64.75 ZAC27605.00 x
2025-06-30 ZAC76.69 ZAC27605.00 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): 29.82%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 19.47%
  • • Asset Turnover: 0.95x
  • • Equity Multiplier: 1.61x
  • Recent ROE (29.82%) is above the historical average (1.78%), 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

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: $1,486,133,200
  • Average return on equity (ROE) among peers: -14.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harmony Gold Mining Co. Ltd. (HAR) ZAC52.20 Billion -1.45% 1.20x $9.17 Billion
AngloGold Ashanti Ltd (ANG) $3.11 Billion -63.89% 2.11x $43.98 Billion
DRDGOLD Limited (DRD) $1.34 Billion 4.62% 0.81x $2.21 Billion
Gold Fields Ltd (GFI) $2.64 Billion -13.08% 1.09x $36.01 Billion
Pan African Resources PLC (PAN) $294.60 Million 20.75% 0.70x $3.57 Billion
Randgold Exploration (RNG) $52.47 Million -23.03% 0.19x $3.80 Million

About Harmony Gold Mining Co. Ltd.

JSE:HAR South Africa Gold
Market Cap
$9.17 Billion
ZAC17.25 Trillion ZAC
Market Cap Rank
#2370 Global
#17 in South Africa
Share Price
ZAC27605.00
Change (1 day)
+0.84%
52-Week Range
ZAC22946.00 - 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