Stock Analysis

Harmony Gold Mining Full Year 2023 Earnings: EPS: R7.80 (vs R1.72 loss in FY 2022)

Simply Wall St

September 01, 2023

Harmony Gold Mining (JSE:HAR) Full Year 2023 Results

Key Financial Results

Revenue: R49.3b (up 16% from FY 2022).
Net income: R4.82b (up from R1.05b loss in FY 2022).
Profit margin: 9.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: R7.80 (up from R1.72 loss in FY 2022).

HAR Production and Reserves

Gold

Production: 1,467.7 troy koz (1,486.5 troy koz in FY 2022)
Proved and probable reserves (ore): 1,444 Mt (1,504 Mt in FY 2022)
Number of mines: 15 (16 in FY 2022)

earnings-and-revenue-growth — JSE:HAR Earnings and Revenue Growth September 1st 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Harmony Gold Mining Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Metals and Mining industry in South Africa.

Performance of the South African Metals and Mining industry.

The company's shares are up 2.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Harmony Gold Mining's balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if Harmony Gold Mining might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.