Business Context and Reporting Period
Company: Harmony Gold Mining Company Limited
Filing Type: Form 6-K (Further Trading Statement)
Reporting Period: Financial Year ended 30 June 2024 (FY24)
Filing Date: 2 September 2024
This filing updates a previous trading statement released on 26 August 2024, providing greater certainty regarding FY24 financial results compared to the prior year ended 30 June 2023 (FY23).
Key Financial Metrics
The filing provides earnings per share (EPS) ranges rather than absolute revenue, profit, or cash flow figures. The data is unaudited.
| Metric | FY23 (Prior Year) | FY24 (Expected Range) | Change |
|---|---|---|---|
| Basic Earnings Per Share (cents) | 780.0 | 1,385.0 – 1,388.0 | +77.6% to +77.9% |
| Headline Earnings Per Share (cents) | 800.0 | 1,852.0 – 1,852.4 | +131.5% to +131.6% |
Note: The filing text does not provide clear values for total revenue, operating profit, cash flow, margins, debt, or liquidity.
Material Changes
- Significant Earnings Growth: Both basic and headline earnings per share are projected to increase substantially compared to FY23.
- Headline vs. Basic: Headline earnings growth (approx. 131.5%) significantly outpaces basic earnings growth (approx. 77.6%), suggesting a material impact from non-recurring items or adjustments in the headline calculation.
Guidance, Outlook, and Risks
- Future Release: Condensed financial statements for FY24 are scheduled for release on 5 September 2024.
- Audit Status: The financial information in this trading statement has not been reviewed or reported on by external auditors.
- Regulatory Compliance: Issued in accordance with section 3.4(b) of the JSE Limited Listings Requirements.
Investor Verification Checklist
- Verify the final audited FY24 condensed financial statements upon release on 5 September 2024.
- Confirm the specific drivers behind the divergence between basic and headline earnings growth.
- Review the full financial statements for revenue, cash flow, and debt metrics not included in this summary.
- Assess the impact of gold price fluctuations and operational costs on the reported earnings ranges.